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Abonner Air Berlin PLC

Air Berlin PLC

Air Berlin increases operating income by 57 percent

London/Berlin (euro adhoc) -

Best quarter in company history - Improved revenue and reduced 
expenditure
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
air transport/financial figures/9-month report/Q3 figures
In the third quarter of 2008, Air Berlin
increased its operating income by 57 percent over the corresponding 
quarter of the previous year. Net profit increased by 43.2 percent. 
This was the first quarter ever, in which turnover exceeded EUR 1 
billion. "This is the best quarterly result in our company history," 
stated Air Berlin's CEO Joachim Hunold.
The efficiency program decided on by the Board of Directors in the 
spring of 2008 is bearing fruit. Although the number of passengers 
transported in the third quarter decreased from 8.8 (Q 3/07) to 8.6 
million due to the elimination of unprofitable flight routes, revenue
per available seat kilometre increased from 6.64 to 7.66 Eurocents, 
i.e. an increase of 15.3 percent. Turnover increased from EUR 978 to 
EUR 1,062 million, i.e. an increase of 8.6 percent. Air Berlin's 
EBITDAR (Earnings before interest, leasing expenses, depreciation, 
amortization, interest and taxes) increased from EUR 177.7 to EUR 
209.7 million, i.e. an increase of 18 percent. Due to increased 
revenues and reduced expenditures, Air Berlin's EBIT (Earnings before
interest and taxes) increased to EUR 89.1 million (Q 3/07: EUR 56.8 
million), i.e. an increase of 57 percent. Net consolidated income 
improved from EUR 31.9 to EUR 45.6 million, i.e. a 43.2 percent 
increase.
Furthermore, the accumulated figures for the first nine months of the
year show a clear performance improvement. Over the first nine months
of 2008, Air Berlin transported 2.9 percent more passengers (22.1 
million) than in the corresponding period of the previous year. Fleet
capacity utilization increased from 77.7 to 79.2 percent, i.e. an 
increase of 1.5 percentage points. Turnover increased from EUR 2.424 
to EUR 2.586 billion. EBITDAR increased from EUR 331.6 to EUR 383.1 
million, i.e. an increase of 15.5 percent. Accumulated EBIT reached 
EUR 35.1 million (Q 3/07: EUR -9.5 million).
Over the first nine months of 2008, the cost per available seat 
kilometre (CASK) increased from 4.69 to 5.10 Eurocents, i.e. an 
increase of 8.8 percent. The largest share of this increase was due 
to the rise in fuel prices, fuel now making up 30 percent of the cost
per available seat kilometre, as compared to 26 percent in 2007.
On the occasion of the presentation of the Quarterly Results, Air 
Berlin's CEO Joachim Hunold stated in Berlin on Thursday: "Despite 
the difficult market environment for the airline sector, Air Berlin's
performance was exceptionally good. We have done our homework and 
have delivered the figures we had promised to our shareholders. I am 
still anticipating a positive operating income for 2008." In view of 
the imminent global recession, it is still too early to make a 
forecast for 2009.
end of announcement                               euro adhoc

Further inquiry note:

Peter Hauptvogel
Director of Corporate Communications, Air Berlin
Tel.: +49 (0)30 3434 1500
Fax: +49 (0)30 3434 1509
E-Mail: abpresse@airberlin.com

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

Plus de actualités: Air Berlin PLC
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