EANS-Adhoc: Air Berlin PLC realises total revenue of EUR 3.72 billion in 2010 - operational result declines to EUR -9.3 million due to extraordinary charges

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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fy2010 figures

17.03.2011

Ad hoc Notification Pursuant to § 15 of the German Securities Trading
Act (WpHG)

London, 17 March 2011 - The Air Berlin PLC group´s revenue increased
by 14.8 per cent to EUR 3.72 billion in 2010 as compared to EUR 3.24
billion in the previous year (2009 pro forma*: EUR 3.68 billion).
The revenue growth fell short of expectations. In particular, the
harsh winter in Europe, the air space restrictions imposed as a
result of the volcanic eruption, as well as the air traffic
controller strike in Spain and the announcement of strikes against
Air Berlin PLC & Co. Luftverkehrs KG have left a clear mark in the
Company´s operational result.

With regards to costs, higher winter-related additional expenses as
well as the costs of the flight cancellations made an impact so that
additional operating expenses on the EBITDAR level increased by 1.2
per cent from EUR 3.12 billion to EUR 3.16 billion (2009 pro forma*:
EUR 2.77 billion). In fact, in the absence of the numerous additional
expenses and one-off effects, operating expenses have decreased
considerably.

Despite these additional expenses and the decline in revenue
resulting from flight cancellations, EBITDAR increased by 22.8 per
cent from EUR 503.6 million in the previous year to EUR 618.5 million
in the 2010 financial year (pro forma 2009*: EUR 607.1 EUR).

The operating result (EBIT) declined from EUR 28.5 million (pro forma
2009*: EUR 29 million) to EUR -9.3 million. The financial result
decreased from EUR -51 million (2009 pro forma*: EUR -59.3 million)
to EUR -133.3 million. In addition to losses from the valuation of
derivative financial instruments and decreased foreign exchange
gains, the expenses associated with the repurchase of the 2009
convertible bonds , amounting to EUR 42.2 million, contributed in
particular to increased charges. In 2009, the Company realised income
of EUR 21.2 million from the repurchase of convertible bonds.

Pre-tax earnings in the 2010 financial year amounted to EUR -141.6
million compared with EUR -21.7 million in 2009 (pro forma 2009*: EUR
-29.5 million). After a tax benefit in the amount of EUR 44.4
million, the net result for the reporting year amounts to EUR -97.2
million compared to EUR -9.5 million in 2009 (pro forma 2009*: EUR
-21.9 million). Earnings per share based on the average number of
85.048 million shares outstanding in 2010 (2009: 73.523 million
shares) thus amounted to EUR -1.14, compared with EUR -0.13 in the
previous year (both basic and diluted).

As of 31 December 2010, Air Berlin PLC´s total assets amounted to EUR
2,370.1 million (2009: EUR 2,411.5 million), its total equity
amounted to 505.3 million (2009: EUR 610.0 million), and its net debt
amounted to EUR 489.2 million (2009: EUR 574.1 million).

On 24 March 2011, Air Berlin will publish detailed information on the
financial year´s result as well as the complete annual report as at
31 December 2010. This information will be available on the Internet
at ir.airberlin.com starting at 7:30 am (CET).

*pro forma: 2009 consolidated financial statements of Air Berlin PLC,
include the 2009 adjusted figures for Niki Luftfahrt GmbH, which has
been consolidated in Air Berlin PLC´s consolidated financial
statements with effect as of 01 July 2010.

Air Berlin PLC The Hour House 32 High Street Rickmansworth WD3 1ER
Hertfordshire Great Britain WKN AB1000 (Share) on the Frankfurt Stock
Exchange (Regulated Market, Prime Standard) WKN A0NQ9H (Convertible
Bond 2007) Euro MTF Market on the Luxembourg Stock Exchange WKN A1A
LH0 (Convertible Bond 2009) Open Market on the Frankfurt Stock
Exchange WKN AB 100A (Bond 2010) segment Bondm of the Open Market on
the Stuttgart Stock Exchange

end of announcement euro adhoc
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ots Originaltext: Air Berlin PLC & Co Luftverkehrs KG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Ingolf Hegner
Head of Investor Relations
+49 (0)30 3434 1532
ihegner@airberlin.com

Branche: Air Transport
ISIN: GB00B128C026
WKN: AB1000
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade