Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Air Berlin Plc    AB1   GB00B128C026

SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Lufthansa adds more long-haul routes after Air Berlin insolvency

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/27/2017 | 02:52pm CEST
FILE PHOTO: File picture of planes of the Lufthansa airline on the tarmac in Frankfurt airport

Lufthansa (>> Deutsche Lufthansa) is restarting long-haul flights from Berlin and growing the long-haul fleet of budget unit Eurowings, moving into the gap left by insolvent rival Air Berlin (>> Air Berlin Plc).

Lufthansa (>> Deutsche Lufthansa) is restarting long-haul flights from Berlin and growing the long-haul fleet of budget unit Eurowings, moving into the gap left by insolvent rival Air Berlin (>> Air Berlin Plc).

Lufthansa will fly from Berlin to New York from November, basing a long-haul jet in the German capital for the first time since 2001, it said on Wednesday.

It will also increase the long-haul fleet of Eurowings to 10 A330 aircraft for summer 2018, against a planned seven by the end of this year.

Air Berlin, which filed for insolvency in August, will end its remaining long-haul routes from Oct. 15 after leasing companies recalled their planes.

Some of the Air Berlin planes have already found a new home. Malaysia Airlines on Wednesday said it was planning to lease six second-hand A330 planes from AerCap (>> AerCap Holdings N.V.), with local media reporting CEO Peter Bellew as saying the planes were coming from Air Berlin.

(Reporting by Victoria Bryan; Editing by Christoph Steitz)

Stocks treated in this article : AerCap Holdings N.V., Deutsche Lufthansa, Air Berlin Plc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AIR BERLIN PLC
10/20 Air Berlin plane grounded in Iceland over unpaid charges
10/20 AIR BERLIN : Eurowings offers stranded Air Berlin travellers discounts
10/19 AIR BERLIN : fly-past investigation
10/18 AIR BERLIN : pilots suspended after farewell fly-by
10/18 Higher costs prompt Flybe profit warning in tough year for airlines
10/18 EASYJET BOSS : M&A trumps long-haul
10/18 AIR BERLIN : AirBerlin demise to be Eurowings' €1bn sales gain
10/17 EASYJET SEES NO NEED TO ENTER LONG-H : Ceo
10/17 AIR BERLIN : Eurowings sees 1 billion euro revenue boost from Air Berlin deal
10/17 Lufthansa, easyJet among seven bidders for ailing Alitalia
More news
News from SeekingAlpha
09/25 WALL STREET BREAKFAST : Elections And Currencies
09/25 Lufthansa eyes Air Berlin assets
09/03 Kamakura Reports Stable Corporate Credit Quality In August
08/15 Air Berlin files for insolvency
07/28 Still Upside For Lufthansa?
Financials (€)
Sales 2017 3 114 M
EBIT 2017 -179 M
Net income 2017 -
Debt 2017 1 498 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 0,49x
EV / Sales 2018 0,46x
Capitalization 18,2 M
Chart AIR BERLIN PLC
Duration : Period :
Air Berlin Plc Technical Analysis Chart | AB1 | GB00B128C026 | 4-Traders
Technical analysis trends AIR BERLIN PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 1
Average target price 0,01 €
Spread / Average Target -94%
EPS Revisions
Managers
NameTitle
Thomas Winkelmann Chief Executive Officer & Executive Director
Gerd Becht Chairman
Oliver Iffert Chief Operating Officer
Courtelis Dimitri Chief Financial Officer
Joachim Edmund Hunold Co-Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
AIR BERLIN PLC-73.27%22
DELTA AIR LINES, INC.7.46%38 907
RYANAIR HOLDINGS PLC12.62%22 842
UNITED CONTINENTAL HOLDINGS INC-17.97%20 684
INTERNATIONAL CONSOLIDATED AIRLINES GROUP47.99%17 777
AIR CHINA LTD.21.81%17 071