Airberlin Loss Widens In Q2

German carrier airberlin has posted a Q2 2015 loss before interest and taxes (EBIT) of €15.9m ($17.8m), against a year-on-year loss of €6.9m ($7.6m).

German carrier airberlin has posted a Q2 2015 loss before interest and taxes (EBIT) of €15.9m ($17.8m), against a year-on-year loss of €6.9m ($7.6m).

Revenues at the airline fell totalled €1bn ($1.1bn) in Q2 2015, a fall of 7 per cent compared to the same period last year when it posted €1.1bn ($1.2bn) revenues.

Airberlin said the benefits stemming from lower oil prices were offset by fuel hedging and the strengthening US dollar.

Stefan Pichler, airberlin CEO, said that despite its latest results in a “transitional quarter”, he remained optimistic about the carrier’s prospects for the rest of 2015.

TAGS: Europe
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