13 Nov 2014
(MENAFN) Etihad-backed Air Berlin announced it has registered a decline by 35 percent in its profit during the third quarter of this year to reach USD93.33 million, compared with USD144.06 million registered during the same period last year, Arabian Business reported.
The carrier, which is 29-percent owned by Abu Dhabi-based Etihad, has said it registered USD18.69 million in restructuring costs and that it is planning an a new phase of restructuring for the company, which should result in improving its profits by USD498 million by 2016.
Air Berlin, Germany’s second largest airline, said that part of its restructuring plan will involve shaking up its route network, shutting down some crew bases and streamlining its fleet.
Despite already cutting 850 jobs, the carrier also said that it was in talks with labor representatives over cutting other administration and ground staff jobs, which would result in reducing the number of staff by 200 people.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more