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Air Berlin chief quits after revamp launch

19 August 2011

The veteran chief executive of Air Berlin has resigned after launching a sweeping package of cuts to routes and its fleet aimed at ensuring future profitability.

Mr Hunold’s departure highlighted the turmoil hitting European airlines, which have struggled to produce profits amid fierce competition and setbacks including Japan’s earthquake, unrest in the Middle East and north Africa and disruption caused by an Icelandic volcano.

source: FT.com

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