Air Berlin (1991) (Berlin Tegel) could be separated into two companies - one focussing on traditional scheduled flights and the another on tourist destinations - German magazine Focus has reported.
Quoting senior vice president Detlef Altmann, the publication says while airline management is currently studying the plan, no concrete decisions have yet been made.
Against the backdrop of a heavy EUR231.9million (USD320million) operating loss for its 2013 Financial Year, CEO Wolfgang Prock-Schauer spoke of a fundamental need to restructure the airline and return it to profitability. The German carrier's business model currently focuses on providing short-haul point-to-point traffic in addition to some long-haul routes as well as leisure flights to holiday destinations such as Palma de Mallorca.
