At IMG students come to learn about the physics and mechanics of the rides and how they work from top engineers
Air Berlin said in a statement it booked a net profit of 6.8 million euros ($9.0 million) in 2012 compared with a loss of 420.4 million euros a year earlier.
At an underlying level, too, the carrier flew back into the black, with operating profit before interest and tax (EBIT) amounting to 70.2 million euros compared with a year-earlier loss of 247 million euros.
Revenues grew by 1.9 percent to 4.31 billion euros while the number of passengers declined by 5.5 percent to 33.3 million.
The net profit figure “marks a return to profitability for the first time since 2007,” said chief executive Wolfgang Prock-Schauer.
“We managed to accomplish this despite increased competition and the continued extremely challenging environment,” he said.
“Nevertheless, we have not yet reached our target and are mindful that non-recurring events also contributed to the result,” Prock-Schauer added.
The carrier calculated that cost-cutting and efficiency-boosting measures contributed 250 million euros to earnings, “which has helped to considerably offset an increase in fuel prices of 80 million euros,” the statement said.
At IMG students come to learn about the physics and mechanics of the rides and how they work from top engineers
As the curtain comes down on another successful event, participants applaud the valuable time spent between students and educators
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