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Abonner Air Berlin PLC

Air Berlin PLC

EANS-News: Air Berlin increases revenue and average earnings

London/Berlin (euro adhoc) -

Improved management and higher-quality client mix – Profit eases by 
27.3 percent
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
air transport/Finacial Figures/balance sheet/3-month report 
/Q1-results
Despite the impact of the economic and
financial crisis, Air Berlin's profit and revenue for the first 
quarter of 2009 came in according to plan. The number of passengers 
transported decreased to 5.5 million, i.e. a 6.2 percent drop, a 
figure that bested the branch average. For the first quarter of 2009,
seasonal operating loss (EBIT) reached minus EUR 87.3 million (Q1 
2008: minus EUR 68.6 million). The reduced branch-wide demand for 
flight services, in combination with the Easter flight season falling
in April rather than in the first quarter, contributed to this 
development. Revenue reached EUR 661 million, an improvement of 1.2 
percent, primarily as a result of the improved average earnings 
(Yield) per passenger.
Revenue per passenger kilometer (RPK) jumped from 7.22 to 8.33 
Eurocents, i.e. an increase of 15.4 percent. Due to the higher cost 
of kerosene, EBITDAR (Earnings before interest, leasing expenses, 
depreciation, amortization, interest and taxes), at EUR 27.1 million 
for the reporting period, was lower than in the corresponding period 
of the previous year (Q1 2008: EUR 40.3 million). Air Berlin achieved
an operating result (EBIT) of minus EUR 87.3 million (Q1 2008: minus 
EUR 68.6 million). Net profit for the first three months of 2009 
amounted to minus EUR 88.4 million (Q1 2008: minus EUR 59.6 million).
As Joachim Hunold, Air Berlin's CEO, concluded on Wednesday in 
Berlin: "In this challenging economic environment, Air Berlin has 
per-formed better than other European airline companies. We were able
to increase our charter-business revenue, especially due to improved 
capacity management on our long-haul flights. Furthermore, despite a 
shrinking market environment, we have succeeded in keeping 
single-seat ticket sales relatively stable."
Ulf Hüttmeyer, Air Berlin's CFO, stated that the revenue increase per
available passenger kilometer hinged on the improved management and 
the higher-quality client mix. Despite the slightly lower load factor
of 71,5 percent (minus 1.8 percentage points), revenue per available 
seat kilometer (RASK) increased by 12.6 percent to 5.96 Eurocents. 
The number of corporate agreements reached 868, with the first 
quarter focusing on extending existing agreements. The growing price 
consciousness among business and corporate clients has resulted in 
increased demand for Air Berlin flights.
Cost development for the first quarter of 2009 (plus 3.2 percent), at
EUR 638 million, resulted mainly from the reverberating effects of 
the previous year. This includes hedging transactions for fuel and 
standard wage increases. Other operating expenses decreased by 5.9 
percent to EUR 114 million.
end of announcement                               euro adhoc

Further inquiry note:

Hans-Christoph Noack
Director of Corporate Communications Air Berlin
Tel.: +49 30 3434 1500
Fax: +49 30 3434 1509
E-mail: abpresse@airberlin.com

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

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