August 22, 2014
airberlin achieves positive net result in second quarter 2014
airberlin achieved a slightly improved operating result (EBIT) in the second quarter of the year with turnover up by 2,9% to €1,146.4m. Compared to the same quarter of the previous year, airberlin was able to improve EBIT (Earnings before Interest and Tax) to €-6.9m from €-8.1m in the previous year. Taking into account other operating income of €4.8m (previous year €39.2m) the annual comparison on operating level shows an improvement of more than €35m. Net profit was with €8.6m, an increase of €46.6m on the previous year (€-38.0m). Following a successful recapitalisation program, airberlin has liquid assets in the amount of €600m cash on hand and nearly €300m undrawn cash facilities available. Compared to year-end 2013, available cash increased by €378m.