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Airberlin Group Q2 revenue fell by 7 percent

Staff writer |
At 1.07 billion euros in Q2 2015, Airberlin Group revenue fell by 7 percent compared to the same period last year (Q2 2014 1.15 billion euros).

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Accordingly, group revenue also declined by 2.3 percent from 1.91 billion euros to 1.87 billion euros in the first half of 2015. As a result of capacity consolidation, revenue decreased compared to last year, but capacity utilisation and revenue per available seat kilometre (RASK) improved.

Operating earnings (EBIT) were -15.9 million euros in Q2 2015 (Q2 2014: -6.9 million euros). This year's shift in the Easter holidays and last year's Lufthansa strike affected earnings performance during Q2 2015.

Benefits due to the low oil prices were offset by fuel hedging and the US dollar development. Over the half-year, however, airberlin improved its operating earnings (EBIT) by 7.3 percent compared to last year (HY 2014: -189.7 million euros, HY 2015: -175.8 million euros).

Net profit in the second quarter is -37.5 million euros (Q2 2014: 8.6 million euros). In the first half-year, net profit was -247.6 million euros (HY 2014: -201.2 million euros), which was primarily due to pronounced currency effects when evaluating derivates.

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