airberlin reports Q1 results

In the first quarter of 2015, airberlin reported a first-quarter net loss of €210.1 million, improving on the €209.8 million net loss reported for the same period a year ago. The Net profit decreased owing to higher interest expenditures and shifts in the market valuation of hedge instruments, the airline said. EBIT rose to €-159.9 million, or €23 million over the same quarter last year. Revenue rose 4.2% to €793.7 million. airberlin’s average yield at €121.66 represents a yield optimization of 4.2% as compared to the same quarter last year, and was achieved primarily through improvements in revenue management. Available