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Air Berlin profit up 38%, sees further cost savings

LONDON (MarketWatch) — Air Berlin said Thursday that its second-quarter net profit rose 38% to 8.3 million euros ($12.2 million) as revenue for the quarter grew 6.7% to 869.5 million euros. The group said earnings before interest and taxes fell to 13.8 million euros from 18.7 million euros due to the impact of transaction costs and consultancy fees related to the cancellation of the Condor acquisition as well as the high start-up costs of its routes to China. The group added that its program for increasing capacity utilization and yields is continuing to have a positive effect and it sees the potential for saving a further 35 million euros by year-end.
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Original post by Forextvblog

This entry was posted on Thursday, August 28th, 2008 at 12:48 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Air Berlin profit up 38%, sees further cost savings”

  1. Forex » Air Berlin profit up 38%, sees further cost savings Says:
    August 28th, 2008 at 5:01 am

    […] [Technorati] Tag results for forex wrote an interesting post today onHere’s a quick excerptAir Berlin profit up 38%, sees further cost savings August 28th, 2008 LONDON (MarketWatch) — Air Berlin said Thursday that its second-quarter net profit rose 38% to 8.3 million euros ($12.2 million) as revenue for the quarter grew 6.7% to 869.5 million euros. The group said earnings before interest and taxes fell to 13.8 million euros from 18.7 million euros due to the impact of transaction costs and consultancy fees related to the cancellation of the Condor acquisition as well as the high […]

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