This article describes a way to use airberlin's status match in its loyalty program to gain access to oneworld Alliance lounges by joining rewards programs honored by both airberlin and the Alliance, such as Alaska Airlines, Delta Air Lines or United Airlines.
German carrier airberlin will focus on core markets and cut capacity by 5%, mostly on money-losing routes, said its CEO, Wolfgang Prock-Schauer. In addition, the carrier said German officials have reversed an earlier decision and will now permit airberlin to continue its codeshare arrangement with Etihad Airways for the winter.
Etihad Airways, which owns 29% of AirBerlin, is providing another $415 million to the struggling airline in the form of bonds which are convertible toward stock. The move follows losses at AirBerlin, leaving the future uncertain. "We have to thoroughly evaluate our possible courses of action including our long-term business model," Air Berlin CEO Wolfgang Prock-Schauer said.
It looks as if airberlin's plans to cut jobs and deploy other cost-saving measures are paying off, this feature says. Shares have risen nearly 11% -- to their highest level in more than nine months -- since Deutsche Bank said the reductions would bear fruit. "We expect gradual results improvements which should bring Air Berlin back into profitability in 2014," said analyst Michael Kuhn in a message to clients.
Air France-KLM, Etihad Airways and airberlin have entered into code-share deals to add more destinations to their rosters. Etihad fliers can take KLM's daily Amsterdam-to-Abu Dhabi flight, while Air France customers will be able to travel on Etihad flights between Paris Charles de Gaulle Airport and Abu Dhabi. In their own deal, Air France and airberlin will let passengers fly on all the routes between France and Germany operated by each other.