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Air Berlin: Negative Ebit In 2010  
User currently offlineThorben From , joined Dec 1969, posts, RR:
Posted (3 years 7 months 3 weeks 1 day 20 hours ago) and read 3137 times:

Sources:

http://www.finanznachrichten.de/nach...in-2010-due-to-strike-snow-020.htm

http://www.aero.de/news-11982/Air-Be...0-operativ-in-die-Verlustzone.html

Content:

AB will have a negative EBIT (earnings before interest and taxes) for 2010. The sum will be a single digit million Euros (in other words: between one and ten million Euros)

AB blames bad winter weather and ATC strike in Spain. (The one that the military resolved)

----------

This result is worse than 2009, when they had an EBIT of 28.5 million € and an overall loss of 9.5 million €.

AB is doing another sale-and-lease-back deal, this time for two planes with Volito

http://www.fliegerweb.com/airliner/news/artikel.php?show=news-7142

In addition, the German Süddeutsche Zeitung (Souther German newspaper) bashes AB and Hunold again for their management methods, saying they are only charter and holiday experts, but are not well-organised for what they are doing now.

http://www.sueddeutsche.de/wirtschaf...rlin-joachim-allmaechtig-1.1052148

Additional info on that subject:
German Manager Magazine On Air Berlin's Hunold (by Thorben Nov 30 2010 in Civil Aviation)#menu17

[Edited 2011-01-29 12:43:41]

5 replies: All unread, jump to last
 
User currently onlinebmibaby737 From United Kingdom, joined Jun 2005, 1810 posts, RR: 9
Reply 1, posted (3 years 7 months 3 weeks 1 day 20 hours ago) and read 3042 times:

Quoting Thorben (Thread starter):
AB is doing another sale-and-lease-back deal, this time for two planes with Volito

So do we know which two aircraft are now leased from VGS Aircraft Holding?

Are the aircraft going to Pegasus on lease?


User currently offlineThorben From , joined Dec 1969, posts, RR:
Reply 2, posted (3 years 7 months 3 weeks 1 day 18 hours ago) and read 2885 times:

Quoting bmibaby737 (Reply 1):
So do we know which two aircraft are now leased from VGS Aircraft Holding?

One A320, one A321.

Quoting bmibaby737 (Reply 1):
Are the aircraft going to Pegasus on lease?

Pegasus?


User currently offlineThorben From , joined Dec 1969, posts, RR:
Reply 3, posted (3 years 7 months 3 weeks 5 hours ago) and read 2456 times:

I would like to add that the final result will be published on March 24th.

For comparison:


2009
EBIT +28.5
final result: -9.5

2010:
EBIT between one and ten loss
final result: ?

All figures in million Euros.


User currently onlinebmibaby737 From United Kingdom, joined Jun 2005, 1810 posts, RR: 9
Reply 4, posted (3 years 7 months 3 weeks 5 hours ago) and read 2408 times:

Quoting Thorben (Reply 2):
Pegasus?

D-ABKG Boeing 737-86J(WL) Air Berlin 04 December 2009 1.2 Years is now due for Pegasus...
TC-CCP Boeing 737-86J(WL) Pegasus

http://www.planespotters.net/Product...ng/737/37746,D-ABKG-Air-Berlin.php


User currently offlineThorben From , joined Dec 1969, posts, RR:
Reply 5, posted (3 years 7 months 3 weeks 2 hours ago) and read 2283 times:

Quoting bmibaby737 (Reply 4):
D-ABKG Boeing 737-86J(WL) Air Berlin 04 December 2009 1.2 Years is now due for Pegasus...
TC-CCP Boeing 737-86J(WL) Pegasus

http://www.planespotters.net/Product...n.php

So AB is giving a pretty new plane (Dec 2009) away to Pegasus? Very strange.

I don't think it has anything to do with the sale-and-lease-back deals that AB does with the other two planes. That is simply a cosmetic of the balance. The planes stay with AB.


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