airberlin's net result declines from EUR -93.6 million to EUR -120.6 million

airberlin remains cautiously optimistic for the further course of the business year, despite the first-quarter results falling short of expectations. In the first quarter of 2011, Air Berlin PLC increased its revenue to EUR 751.6 million, i.e. an increase of 2% over the previous year (Q1/2010: EUR 690.9 million). The number of passengers increased by 1.9% to 6.87 million (Q1/2010: EUR 6.74 million). EBITDAR decreased from EUR 44.1 million to EUR -25.7 million, and EBIT (Earnings before interest and taxes) decreased from EUR -98.6 million to EUR -188.3 million. The financial result improved from EUR -32.9 million to EUR 14.6 million. Total equity decreased from EUR 538.2 million to EUR 376.7 million. Net indebtedness dropped to EUR 531.2 million (2010: EUR 600.1 million).