Friday, March 27, 2015

Air Berlin writes record loss – SPIEGEL ONLINE

‘P> Berlin – Germany’s second largest airline is in trouble. Again and again, the company writes losses. For fiscal 2014, the decline is once again from above: It is clear, according to preliminary calculations, a net loss of 361.7 to 386.7 million euros, the company said.

An important reason for the deficit are unclear costs for expensive remedial, they say. The amount of the expenses for the restructuring of the company subject 85 to 110 million euros and were “not been determined conclusively,” the company explains the wide margin. The large loss also founded, with the continued decline in ticket prices in the passenger business.

According to the latest figures, the deficit has increased again compared to 2013. At that time the loss was 315.5 million euros. Group sales were reportedly stable at € 4,160,000,000. Final figures will not be available until the end of April – a month later than planned

With the loss of 2014 Air Berlin cuts even worse than expected by analysts.. The company’s stock was in the morning with half a percent in the red.

The new head of the airline, Stefan Pichler had given only the beginning of March unveiled plans for the realignment of the company. In three phases management and sales to be rebuilt. Pichler wants to host the flights more on profitable routes and expand the turnstiles as Dusseldorf and Berlin. The flights will initially continue to shrink. Management also seeks to improve sales. New software, the company expects a better implementation of higher ticket prices.

This year, Air Berlin expects the introduced changes in the business model, “a substantial improvement”. This should create “the basis for an intended return to profitability” in 2016, they say.

Hapag-Lloyd has more than 600 million euro loss

Germany largest container shipping company Hapag-Lloyd also plugged deep in the red – even after the merger with the Chilean CSAV competitors. Costs for the merger and the duration of the crisis in container shipping made sure that auftürme the net loss last year to 604 million euros, the company said.

The previous year, a decrease of 97 million had been to book. Last Hapag-Lloyd had posted a net profit in 2010. The Hamburg-based company had made the merger with CSAV (CSAV) late last year perfectly. Of these, the partners like other shipping companies are hoping for better utilization of their vessels and lower costs.

Hapag-Lloyd and CSAV fight, even with declining freight rates. These are the prices to be paid by the customers for the transport of containers. The decline in fuel costs and savings in other areas could not make it. Sales increased by nearly four percent to 6.8 billion euros.


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