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Airberlin to start Berlin-Warsaw service on March 23 as it expands to the east

Airberlin (airberlin.com) (Berlin) will offer three flights a day on the Berlin – Warsaw route starting on March 23, 2013. The company will also expand to three flights a day on the Berlin – Krakow route also on the same day as the airline focuses on eastern Europe. Airberlin issued the following statement:

Airberlin is expanding its route network competencies in Poland and from March 23, 2013 will operate up to three flights a day from Berlin to Warsaw. The Polish capital is already the third destination in Poland for Germany‘s second largest airline. In addition Airberlin will increase the number of flights from Berlin to Krakow, also from March 23, 2013, thereby operating a total of up to 48 flights a week from Berlin to its European neighbor.

Hartmut Mehdorn, CEO Airberlin, said: “We have strategically revised our network for the summer of 2013. The adjustments and new introductions on the flight schedule are in line with our drive for increased efficiency. In the future we will concentrate even more on our core business areas, that is, our touristic flight programme and our scheduled services. The main priority here is to strengthen the visibility of the airline in strategic core markets such as Central and Eastern Europe.”

On the financial side, in the third quarter, Airberlin was able to increase its net income to EUR 66.6 million (2011: EUR 30.2 million), an increase of more than 120 percent over the corresponding quarter of the previous year. The operating result improved by 4.5 percent to EUR 101.2 million (EUR 96.8 million). Revenue increased by 1.4 percent over the previous year, to EUR 1,395.1 million (EUR 1,375.5 million), despite a targeted capacity reduction of 5.4 percent. Capacity utilization increased slightly by 0.4 percentage points to 84.54 percent (84.14 percent). Yield (revenue per passenger) improved by 3.1 percent to EUR 115.84 (EUR 112.39).  EBITDAR (Earnings before interest, taxes, depreciation, amortization and leasing expenses) increased by 3.8 percent to EUR 279.5 million (EUR 269.3 million). Total equity at the end of the quarter amounted to EUR 186.3 million, which corresponds to an equity ratio of eight percent.

Airberlin recorded a continuing reduction of direct operating costs – excluding fuel costs – as a result of the “Shape & Size” program, which yielded a contribution of EUR 70 million in the third quarter. Over this period, fuel costs increased by EUR 35 million.

For the fleet, AB will cut its operational fleet from 158 aircraft to 135 per ATW.

Copyright Photo: Paul Denton. The Boeing 737-800 fleet will continue to grow. Boeing 737-86J D-ABKT (msn 36881) arrives at Antalya, Turkey.

Airberlin: 

 

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