Air Berlin reduces loss in the first quarter

Air Berlin reported that for the first quarter of 2010 seasonal operating loss (EBIT) improved to EUR -98.6 million (Q1 2009: EUR -107.6 million, pro-forma). Based on the pro-forma income statement, Air Berlin’s operational result and net result have improved over the corresponding quarter of the previous year. Revenue was adversely affected by airport closures related to the harsh winter conditions and decreased by 3.3% to EUR 690.9 million (Q1 2009: EUR 714.2 million). Net result for the first quarter of 2010 amounts to EUR -93.6 million, as compared to EUR -88.4 million in the first quarter of 2009 (pro-forma: EUR -108.9 million).