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Air Berlin PLC

AMENDED VERSION Air Berlin PLC 2007: earnings burdened by non-recurring expenditures - Off to a good start in the new year

Berlin (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
balance/2007 results
According to the interim figures, Air Berlin
PLC generated an EBIT of EUR 21.5 million in 2007 (2006: EUR 64.2 
million) and earnings after taxes of EUR 11 million (2006: EUR 50.1 
million). EBITDAR increased by 48 percent from EUR 256.5 to EUR 379 
million. Sales volume amounted to EUR 2.54 billion (2006: EUR 1.58 
billion). A detailed statement will be issued by the company at the 
Press Conference on the Annual Financial Accounts on 31 March 2008.
As already reported when presenting the figures for the third quarter
of 2007, the delays experienced with the integration of LTU and the 
technical problems encountered when merging the EDP systems of Air 
Berlin and LTU, resulted in a charge against earnings in the 
double-digit million range. Consequently, the company was unable to 
off-set the industry-wide weakness in the second quarter.
At the time, the Air Berlin Board had assumed that the charges 
asso-ciated with the integration of LTU could be set off with 
non-recurring income from the reversal of provisions. However, due to
an updated valuation, the anticipated offsetting could
As Joachim Hunold, Air Berlin´s CEO, stated in Berlin on Wednesday: 
"We are right on track with the LTU integration. Although the 
preliminary earnings for 2007 did not meet our expectations, we have 
reason to be optimistic for 2008. By the end of February, the 
capacity utilization rate and the flight revenue per available seat 
kilometer (ASK) had increased significantly. We are also pleased with
the current level of bookings."
end of announcement                               euro adhoc

Further inquiry note:

Peter Hauptvogel
Director Communications
Air Berlin Group
Tel: + 49 30 3434 1500
Fax: + 49 30 3434 1509

Branche: Air Transport
ISIN: GB00B128C026
WKN: AB1000
Index: SDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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