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Air Berlin plc & Co. Luftverkehrs KG (FWB: AB1), branded as airberlin or airberlin.com, was a major German airline. At its peak, it was Germany's second-largest airline after Lufthansa, as well as Europe's tenth-largest airline in terms of passengers carried. [1]
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- The Beginning of The End
- Ongoing Trend
- Inevitable Ending
- The Aftermath
However, after 15 years of operating from Germany, Air Berlin went on a downward spiral. Between 2006 and 2016, the company’s profits continued to slump. While turnover increased each year, thanks to more passengers being served, the costs were too much to handle. In 2006, Air Berlin reported a respectable €40.1 million ($44.51 million) profit, but...
This would become a familiar feeling for the business as seven of the following eight years saw them in the red. In 2011, Etihadincreased its shares in Air Berlin from 2.99% to 29.1%, giving the Abu Dhabi firm the biggest share among investors. This gave the airline a glimmer of hope as it reported a profit of €6.8 million ($7.55 million) in 2012. ...
Etihad remained hopeful of the partnership with Air Berlin. It was continuing to publicly promote its relationship with the carrier. Yet, in 2016, Air Berlin was in debt to the tune of €781.9 million ($867.83 million). Etihad, understandably, became frustrated with the situation and stopped financially supporting the airline. A €150 million ($176.1...
Etihad and Air Berlin have since been in a €2 billion ($2.2 billion) lawsuit due to complications of the bankruptcy. Along with this, Air Berlin had been reported attempting to force passengers to pay for canceled flightsafter the demise. Last year, it was confirmed that Etihad won a court battle after. Air Berlin's insolvency administrator claimed...
- Senior Editor
Jun 24, 2021 · Air Berlin first commenced operations 49 years and was an influential force in aviation until it ceased operations just four years ago. There were plenty of ups and downs along the way for the carrier. Here’s a look at the airline’s key milestones over the decades.
- Senior Editor
Jul 9, 2020 · Air Berlin was Germany's second-largest carrier. Photo: Felix Gottwald via Wikimedia. When what was the second-largest airline in Germany after Lufthansa went flat broke, Air Berlin was still operating a sizeable fleet of 144 aircraft.
Founded in 1978 as Air Berlin USA, airberlin (AB) is Germany's second-largest airline. It operates from hubs at Berlin-Tegel Airport (TXL) and Düsseldorf Airport (DUS). A member of the Oneworld alliance, airberlin flies to about 150 destinations, 17 of which are domestic.
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airberlin, Germany's second largest airline, flies all over the world and offers passengers an extensive route network and first class service.
