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

AIR BERLIN PLC (AB1)
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Lufthansa adds more long-haul routes after Air Berlin insolvency

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09/27/2017 | 02:52pm CET
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
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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 0,48x
EV / Sales 2018 0,46x
Capitalization 3,04 M
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Number of Analysts 1
Average target price 0,01 €
Spread / Average Target -62%
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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
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