Air Berlin losses widen in 201120 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; Â£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.