So a year on and another 477 Million lost, you do have to wonder what comes next. The annual report says turnover down but with yet more aircraft, staff cost up about 10 percent and no benefit from reduced fuel prices.
In summary they made 350 million before lease costs (virtually the entire fleet is leased) and financing of their debt, which together comes to about 800 million. So they need a colossal increase in earnings just to break even.
I am a bit surprised that with over 1000 european pilots employed by Air Berlin there is so little interest on pprune.