18 August 2011
Recession Biting Europe. Air Berlin Axes Routes Loses CEO
Air Berlin is arguably the third largest LCC in Europe after Ryanair and Easyjet. However the company has never achieved the same results as the leading two.
AB is more than just an LCC. It really is a hybrid carrier having acquired in quick succession a number of different companies with different models, equipment and financial structures.
As it is about to join OneWorld it is moving into more legacy territory rather than the other way.
But reality bites.
Citing a number of issues including Air taxes in Germany and the UK - Airberlin is azing a number of marginal routes between Germany and the UK. Further it is cutting 8 planes from its fleet.
Finally its flamboyant architect of expansion Joachim Hunold has offered his resignation and it has been accepted.