Air Berlin launches another cost-cutting programme
FRANKFURT Oct 18 (Reuters) - Air Berlin, the German airline partly owned by Gulf carrier Etihad, is launching another cost-cutting programme as it struggles to return to profit.
"The company is reacting to a further worsening of the economic environment, the weak euro and consumer behaviour that is marked by growing uncertainty," the company said in a statement, confirming an earlier report.
It said Germany's air travel tax and persistently high fuel prices created additional headwinds. (Reporting by Maria Sheahan)
- Tweet this
- Share this
- Digg this