Low-cost European carrier Air Berlin stumbles after disappointing earnings report
Skift Take
Fuel costs are hitting some lines hard this season. Is it time for the budget carriers to stop pretending that air travel can really be so cheap?
Air Berlin Plc, Europe’s third- biggest discount carrier, fell as much as 5.2 percent after its second-quarter loss widened on increased fuel costs.
The stock dropped 9.9 cents to 1.82 euros and was trading 1 percent lower at 1.90 euros as of 9:17 a.m. in Frankfurt, taking the decline this year to 24 percent and valuing Air Berlin at 222 million euros ($275 million).
The German airline, 29 percent owned by Etihad Airways of Abu Dhabi, had a net loss of 66.2 mill
