Air Berlin gets lean with plans to cut almost 10 percent of workforce in turnaround plan
Photo Credit: An Air Berlin flight takes off. Flickr / Silvio Kelch
Skift Take
Air Berlin eeked out a profit in 2011 by selling its frequent flyer program to Etihad Airways, but ongoing delays to its city’s new airport is hurting the airline’s ability to launch more profitable routes.
Air Berlin Plc will cut 900 jobs, almost 10 percent of the workforce, at Europe’s third-largest discount airline and extend fleet reductions in a push to save 400 million euros ($535 million) by the end of 2014.
The turnaround plan, which began on Oct. 18, will focus Air Berlin on its main markets and impose a more stringent business model, the German company said in a statement today. Air Berlin will pare the fleet to 142 aircraft thi
