Air Berlin A320 Aircraft taking off

Air Berlin posts further losses

Cash-strapped carrier Air Berlin suffered a net loss of 781,9 million last year, up from 446,6 million in 2015, the airline has announced
 
Revenues at the group dropped to 3,79 billion, down around 7.1 percent on 2015’s figure, after Air Berlin had reduced its fleet by almost half to 75 aircraft and slashed hundreds of routes, now serving fewer than 100 destinations. 
 
“Today’s financial result is extremely unsatisfying,” chief executive Thomas Winkelmann said during a telephone conference with journalists. “The old Air Berlin was an airline that wanted to do everything; the numbers show very clearly that that doesn’t work,” the former Lufthansa executive went on. Winkelmann hopes to reorient the firm and bring it back to profitability, and said he was “open to new partnerships and cooperation projects,” including new investors, in the context of a reshuffle in the air travel sector.
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