Air Berlin aims to cut costs by 15 percent

  • Germany's Air Berlin is aiming to cut costs by 15 percent, Die Welt newspaper reported on Saturday.

    According to a letter written by chief executive Hartmut Mehdorn to staff: "The goal is to cut costs by 15 percent in the next two years.”

    Air Berlin, which is partly owned by Abu Dhabi-based carrier Etihad, has not posted an operating profit since 2007.

    Last month, Mehdorn said the carrier would present details of the plan by the end of this month.

    In his letter, Mehdorn added the airline planned to cut its fleet to 138 aircraft and focus on short-haul and medium-haul segments. It is also looking to cut 500 full time jobs from its 9000 strong workforce.