Old Business Model and High Restructuring Costs Drive airberlin to Record Loss – Aviation Tribune

The business year 2016 and the first quarter 2017 at airberlin were dominated by the transition to a new business model at the airline.

Structural issues of the old business model and high restructuring costs have impacted the reporting periods.

airberlin CEO Thomas Winkelmann said:

Old airberlins indistinct market position, the strongly season-dependent route network and the high operating costs have together led to highly unsatisfactory financial results. The new strategy we launched in autumn 2016 is a major step to turn around the airlines fortunes. I came on board to develop a focused, cost-efficient network airline away from an unprofitable hybrid carrier. This also now means sounding out new opportun…