airberlin shows improved net earnings in the first quarter of 2016

airberlin improved its net earnings during the first quarter by 13% to report a loss of €182.3 million compared to a €210.1 million loss in the first quarter of 2015. The capacity was reduced by 6% in the first quarter of 2016 and passenger volumes decreased accordingly by 6.8% to 5,416,618 million. During the first quarter, passenger revenue declined by 9% to €630.3 million, with flight revenue per passenger decreased by 2% to €116.36. Due to the reduction in capacity, airberlin also showed a decline in consolidated revenue of 7% to 737.1 €million during the first quarter of fiscal year