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11.05.2011 – 19:25

Air Berlin PLC

EANS-Adhoc: Air Berlin PLC realises total revenue of EUR 751.6 million in the first quarter of 2011 - net result declines to EUR -120.6 million

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.

3-month report/Q1 2011


Ad hoc Notification Pursuant to § 15 of the German Securities Trading Act (WpHG)

London, 11 May 2011 - Air Berlin PLC group´s revenue increased by 8.8 per cent to EUR 751.6 million in the first quarter of 2011 as compared to EUR 690.9 million in the previous year´s first quarter (Q1 2010 pro forma*: EUR 736.6 million).

Nevertheless, political upheaval in North Africa and the timing of the important Easter tourism business (which fell in the second quarter this year) lead to a decrease in revenues in the first quarter. Furthermore, rising oil prices lead to higher expenses so that operating expenses increased by 18.6 per cent from EUR 793.6 million to EUR 941.6 million (Q1 2010 pro forma*: EUR 846.9 million).

Due to the decrease in revenues and the additional expenses caused by rising oil prices, EBITDAR decreased from EUR 44.1 million to EUR -25.7 million in the first quarter of 2011 (Q1 2010 pro forma*: EUR 40.2 million).

Operating result (EBIT) decreased from EUR -98.6 million (Q1 2010 pro forma*: EUR 106.5 million) to EUR -188.3 million. The financial result increased from EUR -32.9 million (Q1 2010 pro forma*: EUR -33.9 million) to EUR 14.6 million.

Pre-tax earnings in the first quarter of 2011 amounted to EUR -173.7 million, compared with EUR -128.3 million in the first quarter of 2010 (Q1 2010 pro forma*: EUR -137.1 million). After a tax benefit amounting to EUR 53.1 million (Q1 2010: EUR 34.7 million), net result for the first quarter of 2011 amounts to EUR -120.6 million, as compared to EUR -93.6 million in the first quarter of 2010 (Q1 2010 pro forma*: EUR -102.4 million). Earnings per share based on the average number of 85.049 million shares outstanding in the first quarter of 2011 (Q1 2010: 85.049 million shares) thus amounted to EUR -1.41, compared with EUR -1.10 in the previous year (both basic and diluted).

As of 31 March 2011, Air Berlin PLC´s total assets amounted to EUR 2,592 million (2010: EUR 2,550 million), its total equity amounted to EUR 376.7 million (2010: EUR 538.2 million), and its net debt amounted to EUR 531.2 million (2010: EUR 600.1 million).

On 18 May 2011, Air Berlin will publish detailed information on the 3-month results as well as the complete interim report as of 31 March 2011. This information will be available on the Internet at starting at 7:30 am (CEST).

*pro forma: Q1 2010 consolidated financial statements of Air Berlin PLC, including the Q1 2010 adjusted figures for Niki Luftfahrt GmbH, which has been consolidated in Air Berlin PLC´s consolidated financial statements with effect as of 1 July 2010.

Air Berlin PLC The Hour House 32 High Street Rickmansworth WD3 1ER Hertfordshire Great Britain ISIN GB00B128C026, WKN AB1000, (Share) on the Frankfurt Stock Exchange (Regulated Market, Prime Standard) ISIN DE000A0NQ9H6 (Convertible Bond 2007) Euro MTF Market on the Luxembourg Stock Exchange ISIN DE000A1ALH01 (Convertible Bond 2009) Open Market on the Frankfurt Stock Exchange ISIN DE000AB100A6 (Bond 2010) and ISIN DE000AB100B4 (Bond 2011) each of both segment Bondm of the open market on the Stuttgart Stock Exchange and Main Securities Market on the Irish Stock Exchange

end of announcement                               euro adhoc

Further inquiry note:

Ingolf Hegner
Head of Investor Relations
+49 (0)30 3434 1590

Branche: Air Transport
ISIN: GB00B128C026
WKN: AB1000
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

Original content of: Air Berlin PLC, transmitted by news aktuell