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Financial

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

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Avcorp announces 2010 first quarter results

Avcorp announced its financial results for the quarter ended March 31, 2010. During the quarter ended March 31, 2010, the Company recorded a loss from operations of $2,073,000 on $17,376,000 revenue, as compared to a $1,989,000 loss from operations on $22,087,000 revenue for the same quarter of the preceding year; and a net loss for

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ITP achieved consolidated sales of EUR 479 million in 2009

ITP achieved consolidated sales of over 479 million euros in 2009, representing a 0.9% reduction on figures for the same period in the previous year. Over the course of the year, ITP strengthened its position as leading industrial company on a national scale in terms of its ratio for investment in R&D to sales, with

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DVB Group posts satisfactory start into 2010

DVB made a satisfactory start into 2010, in spite of the prevailing difficult environment on international financial and transport markets. Consolidated net income before taxes for the first quarter of 2010 amounted to EUR 16.7 million (down 38.4% year-on-year). Total income during the first quarter of 2010 declined by 9.8% year-on-year, from EUR 63.3 million

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Alitalia's loss narrows in first quarter 2010

Alitalia reported that in the first quarter revenues increased to EUR 639 million compared to EUR 515 million for the first quarter of 2009 (relating to the period 13 January to 31 March). The operating result (EBIT) amounted to EUR -125 million, a significant improvement compared to the same quarter last year (EUR -210 million).

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