Air Berlin downgraded to ‘sell’ from ‘hold’ by ABN Amro

Air Berlin Profile

ABN Amro noted Air Berlin's very weak 2007 results, with EBIT declining 67% year-on-year and the company reporting a pretax loss.
 
According to ABN Amro, Air Berlin is missing its substantially reduced guidance and, furthermore, there is a lack of strategic clarity, uncertainty about the proposed Condor deal and an extreme risk in the launch of long-haul operations to China.


Date posted: 11-Apr-08
 

Other Air Berlin News

• airberlin: Direct flights now available from Berlin to Basel
• Change of Chairman of the Board at Air Berlin
• Service with a smile above the clouds: Air Berlin is looking for flight attendants
• Air Berlin with new GSA for Dubai
• Air Berlin: New routes for winter
• Air Berlin: Increased number of passengers in Jul-2010
• Fly Air Berlin to Swedish Lapland
• Air Berlin starts two times a week from Düsseldorf to Israel’s metropolis Tel Aviv
• Air Berlin goes for major expansion of Tel Aviv flights
• Air Berlin is starting its first service to Gdansk this summer