Air Berlin has announced additional savings measures to help it return to profit. But reports that Berlin's new international airport may be delayed yet again is bad news for the struggling carrier.
Presenting its earnings report for the first half of the year, Lufthansa's number-one domestic rival said it hoped to end 2012 with more equity capital than it had towards the end of 2011.
It announced it had succeeded in adding 60 million euros ($73.96 million) more in July alone.
The carrier said it was aiming to become profitable again in 2013, after sinking into negative territory after the company's expansion drive in 2007.
Hopes pinned on new airport
For the time being though, Air
Second quarter revenue increased by 1.7 percent to reach 1.13 billion euros. Air Berlin Chief Executive Hartmut Mehdorn said ticket prices were likely to rise in the months ahead.
The carrier would be negatively affected by yet another delay of
hg/jlw (Reuters, dpa)