AIR BERLIN TO CUT FLEET BY 10 PERCENT

Discussion in 'General Discussion | Travel' started by uggboy, Sep 21, 2011.  |  Print Topic

  1. uggboy
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    uggboy Gold Member

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    Air Berlin said booking developments and yields were not encouraging for 2011, echoing concerns voiced by larger local rival Lufthansa as the air travel industry suffers from the recent economic turbulence.

    Lufthansa shocked markets by scrapping a target to raise profits in 2011, just as industry body IATA warned of falling profits in 2012.

    "Overall economic development considerably affects the aviation industry," Air Berlin, Germany’s second largest airline said according to presentation slides on its website.

    MORE!>http://news.airwise.com/story/view/1316605396.html
     
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  2. DestinationDavid
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    With the financial issues at JL & AA, BA's strikes, QF's strategy changes to stop the flow of cash out the door, IT's meltdown, and now this? OW seems like it might want to sit down and have a family meeting. :confused:
     
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  3. TRAVELSIG
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    This is a shame. AirBerlin is a great airline- and finally someone giving Lufthansa competition. It used to cost 1400 EUR economy to fly VCE/DUS (90 minute flight)- since AirBerlin entered the market that has dropped to 500 EUR (I am talking last minute full fare economy same day returns). LH used to require a connection in MUC. Now with AB on the route LH is nonstop. It is a small example but one of many. Look at a same day return to Frankfurt. Or Hannover. In economy. If AB is on the route- maximum 500 EUR. If not: as high as 1400.
     
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  4. RichardInSF
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    RichardInSF Silver Member

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    I also am a fan of Air Berlin within Europe (never tried them elsewhere). Lower fares and better service than Lufthansa within Europe: what's not to like?
     
  5. Wandering Aramean
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    Low fares are great, but if they aren't enough for the company to actually make money then you cannot expect it to last forever. THe key is to get what you can while the getting is good.
     
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  6. DestinationDavid
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    They're not making money? But.... but.... the planes are full.... :confused:;)
     
  7. MSPeconomist
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    Full planes do not necessarily mean that the carrier is profitable.

    Note also that a carrier could reduce its fleet by X% but reduce its service (measured by flights flown, seat miles, or whatever) be less than X%, for instance by utilizing its fleet more efficiently.
     
  8. DestinationDavid
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    I believe you've completely missed the sarcasm noted by the ":confused:;)". :)
     

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