Air Berlin - 3Q16 Results
After cuts in its network in 1H16, Air Berlin had in 3Q16 broadly stable available seat kilometres (ASK) and revenue passenger kilometres (RPK) up yoy by 0.1% and 0.5% respectively. However revenue per ASK decreased by 5.5% impacted by competitor’s shift of capacity to traditionally strong seasonal touristic markets such as Palma de Mallorca and the Canary Islands. As a result, revenue declined by 5.4% to €1,230m. Lower fuel price benefited c. €80m, however that was partially offset...​
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