от karadzhoff » 13 Мар 2008 21:55
Airberlin's profits plummet after LTU purchase
It seems as if Airberlin’s (Berlin) acquisition of Lufttransport-Unternehmen (LTU) (Düsseldorf) has proven to be extremely costly. The airline reported a steep drop in yearly profits to the tune of nearly ?40 million. Airberlin CEO Joachim Hunold was quoted as saying that the integration of LTU was “right on track” and that they have reason to be optimistic for 2008. Detailed financial reports are due out on March 31, 2008.