Airline Finance News - Europe.

Air Berlin

Air Berlin set to reveal IPO plan. Air Berlin may announce more details of its upcoming IPO tomorrow. Apr 20, 2006

Air Berlin suffered a net loss of [euro]115.9 million ($140.3 million) in 2005, up from [euro]2.9 million in 2004, largely owing to [euro]100 million in one-time charges stemming from debt revaluation and deferred taxes, according to Reuters. The airline flew 13.5 million passengers last year, up 12.5%. CEO Joachim Hunold, who owns 5% of the carrier, told reporters late Monday that AB is pressing ahead with its IPO and hopes to launc