Air Berlin reported that total revenue for the 2009 financial year amounted to EUR 3.24 billion, as compared to EUR 3.38 billion in the previous year. Flight revenue decreased to EUR 2.97 billion (2008: EUR 3.09 billion). EBIT for the 2009 financial year amounted to EUR 28.5 million (2008: EUR 2 million). The financial results improved from EUR -72 million in the previous year to EUR -51 million for the 2009 financial year. The repurchase of convertible bonds with a nominal value of EUR 84 million, in the second half of 2009, significantly contributed to this improvement. The transaction yielded EUR 21.3 million.
For the year under review, net indebtedness was reduced by EUR 187.9 million, i.e. by 24.7%. As at 31 December 2009, net indebtedness stood at EUR 574.1 million, as compared to EUR 762.0 million in the previous year.
