TUI Travel could be close to finally sorting out an arranged marriage for it’s low cost carrier in Germany according to reports this weekend. Following the breakdown of a deal involving Germanwings and Condor, it now seems likely the TUIfly will merge with Air Berlin.

Sources close to the talks say that TUI may sell the low cost / charter hybrid airline formerly known as HLX to Air Berlin but that “other options” are being explored.

In the UK, TUIfly operates routes to Germany from Manchester and Newcastle

More Airline news from: Airline-News.co.uk

fly Air TUI Berlin

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Kerosene prices have risen almost 13% since the end of November, FT Deutschland said.

Air Berlin last said it expects to reach earnings before interest and tax of €140-160 mln for 2008. According to the interim figures, Air Berlin PLC generated an EBIT of €21.5 million in 2007 (2006: EUR 64.2 million) and earnings after taxes of €11 million (2006: €50.1 million). EBITDAR increased by 48 percent from €256.5 to €379 million. Sales volume amounted to €2.54 billion (2006: €1.58 billion). A detailed statement will be issued by the company at the Press Conference on the Annual Financial Accounts on 31 March 2008.

Deutsche Lufthansa AG yesterday said fuel price hedging and the weak US dollar against the euro almost fully offset rising prices last year.

But peer British Airways Plc last week slashed its 2008/09 operating margin guidance by 3 pct points to 7 pct because of higher oil prices and global economic weakness.

More Airline news from: Airline-News.co.uk

Air Berlin to cut profit forecast

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