airberlin records profit in 2012

Airberlin has returned to profitability. Air Berlin PLC recorded an operating profit before interest and tax (EBIT) of €70.2m in 2012, reflecting a significant improvement of €317.2m as compared to 2011. The Company’s net income of €6.8 million marks a return to profitability for the first time since 2007 and follows a loss of €-420,4m in 2011 (restated, reported: €-271.8m). In the past year, airberlin successfully increased its group revenue to € 4.31bn (2011: €4.23bn). EBITDA (earnings before interest, taxes, depreciation and amortization) improved from €-161.6m for the 2011 financial year, to €144.3m in 2012. EBITDAR (earnings before interest, taxes, depreciation, amortization and leasing expenses) improved from €425.9 by 72.9% to €736.4m in the same period.