www.Parctel.com: In 2006, Air Berlin PLC, Germany’s second-largest airline company, recorded a net profit of approximately EUR 50 million. As Air Berlin’s Chief Financial Officer, Ulf Hüttmeyer, stated in Berlin on Monday 26 February 2007, 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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