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Air Berlin to save €200 mln with reduced fleet

The Local · 21 Sep 2011, 08:54

Published: 21 Sep 2011 08:54 GMT+02:00

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The idea is to only reduce the company’s flights by four percent – requiring an increased productivity from each plane.

The programme, dubbed ‘Shape & Size’, drastically expands the idea launched about a month ago, to reduce its fleet by eight machines and cut unprofitable routes from the timetable. The idea mooted then was to withdraw from regional airports, pulling back to the hubs of Berlin, Düsseldorf, Palma de Majorca and Vienna.

Air Berlin chairman Joachim Hunold resigned last month after announcing a loss of €32 million in the second quarter of the year, up from the €28 million lost in the first quarter. Reports then suggested that a savings plan would reduce capacity by more than half a million seats in the second half of this year, and at least a million more would be cut next year.

Now Hunold’s successor, former Deutsche Bahn chairman Hartmut Mehdorn, and Air Berlin finance chief Ulf Hüttmeyer said on Tuesday that the uncertain economic situation made it difficult to make any certain prediction for the rest of this year.

Lufthansa issued a profits warning on Tuesday, prompting a drop in its share price.

Story continues below…

DAPD/The Local/hc

The Local (news@thelocal.de)

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Your comments about this article

16:39 September 21, 2011 by nemo999
Flying is expensive. Aircraft are expensive, the carry cost of an aircraft is expensive, the maintenance of the aircraft is expensive, the fuel is expensive, and the personnel are expensive, and the Profit margins are very small. The economy is slowing down. The bad news is that this will not be enough for the airline to make money.
00:45 September 22, 2011 by Kennethmac2000
You cannot use the word "machines" in English to describe aircraft.
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