Air Berlin falls further into debt despite revenue increase
The Local · 30 Mar 2009, 08:41
Published: 30 Mar 2009 08:41 GMT+02:00
The company posted a loss of €75 million – up significantly from last year’s €39.9 million in losses, a statement said.
The airline did manage to draw a total revenue to €3.4 billion, a 6.7 percent increase.
“On the one hand the performance enhancement programme implemented in summer 2008 led to a significant earnings improvement on the operating level,” the statement said. “On the other hand, the financial result worsened significantly.”
The company said losses were due to higher taxes and “extreme volatilities cause by the world financial markets crisis.”