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Air Berlin losses widen in 2011

20 March 2012

Germany’s second largest airline, Air Berlin, has reported worse-than-expected losses for 2011 as it continues its efforts to downsize.

The budget carrier reported a net loss of 271.8m euros ($322m; £205m) for the year to 31 December 2011. It made a loss of 97.2m euros in 2010.

Air Berlin blamed the weather, strikes, rising fuel costs, the Arab spring and a new tax for its poor performance.

source: bbc.co.uk

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