Air Berlin’s (AB) passenger boardings fell 4.1% in February as the airline continued to reduce capacity. AB has reduced capacity by 9.4% as a result of its cost-cutting Shape & Size program.
Accumulated fleet capacity utilization increased by 4.2% to 75.6% compared to 71.4% in the year-ago month.
Shape & Size, which was implemented in September 2011, is expected to reduce AB’s fleet size by 10% and improve earnings by €200 million ($261.8 million). The carrier is targeting a profit in 2013.
Separately, AB will discontinue Berlin Tegel-Bangkok (BKK) and Dusseldorf-BKK services at the end of March. The move is part of a strategy to strengthen its partnership with Etihad and the Abu Dhabi hub.
Article Source : ATW Daily News
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