Air Transport World

Air Berlin.(Europe)(Brief Article)

Calling itself Germany's second-largest carrier behind Lufthansa on the strength of 9.6 million passengers carried in 2003, Air Berlin attributed its 43% rise in passengers to the success of its scheduled City Shuttle services from eight German airports to London, Vienna, Milan, Rome, Barcelona and Zurich. The second major pillar of its business is a highly popular shuttle to Mallorca. It claims to be profitable but does not disclose profit-and-loss figures. Revenues rose 28% in 2003 from 696 million [euro] ($886.9 million) to 894 million [euro], with about haft the tickets sold on a seat-only basis. Its scheduled business grew from 2.3 million to 4.8 million passengers.

MD Joachim Hunold says the company plans a stock market listing in 2005 to help finance the purchase of about 70 new aircraft over a five-year period. …

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