Air Berlin reports record year

Air Berlin has reported a net profit of approximately EUR 50 million for 2006. According to Air Berlin’s Chief Financial
Officer, Ulf Hüttmeyer, sales revenue in 2006
amounted to EUR 1.57 billion, corresponding to a 28.6 per cent increase in
comparison with the previous year (2005: EUR 1.22 billion).

Earnings before
interest, taxes, depreciation, amortization and lease expenses (EBITDAR)
increased by 67.4 per cent, namely from EUR 153.2 million (in 2005) to EUR
256.5 million. In 2006, operating income (EBIT before interest and taxes)
amounted to EUR 64.1 million (2005: EUR -5.5 million); after deducting
interest and taxes, net earnings of EUR 50.057 million were recorded. In 2005,
Air Berlin had still reported a loss amounting to EUR 115.9 million.

“By achieving the best operating result in the history of our company, we
reached all the targets we had set ourselves for 2006. Despite the costs of
going public and the integration of dba, which Air Berlin acquired in August
2006, our net profit even exceeded the expectations of most analysts”, stated
Joachim Hunold, Air Berlin’s Chief Executive Officer. On March 27, the company
will disclose details of its results for the year at the balance sheet press
conference in Berlin .


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