Air Berlin is looking less than ideal at the moment for the medium term. 3rd quarter earnings down 44% - they also borrowed EUR 100 million paying 11.5% interest each year for the privilege. As a comparison, Air France - KLM pay about 6% annual interest when they want to borrow cash.
Yes, they are taking action by pruning some routes, focussing on principal operational airports, and postponing delivery of 19 new aircraft, but it's looking a little bumpy ahead - forget about anything sexy in the next year or so.