Air Berlin PLC announced group earnings results for the year 2016. For the year, the company realized group revenue of EUR 3.79 billion for financial year 2016 against EUR 4.08 billion a year ago. The operating loss (LBIT) amounted to EUR 667.1 million compared to EUR 307.0 million in financial year 2015. EBITDAR amounted to EUR 90.6 million in financial year 2016 against EUR 358.9 million a year ago. Negative EBITDA was EUR 581.2 million against EUR 260.9 million a year ago. The loss before tax in financial year 2016 amounted to EUR 806.9 million against EUR 430.7 million a year ago. The loss for the period (net financial result) for financial year 2016 amounted to EUR 781.9 million against EUR 446.6 million a year ago. Undiluted and diluted loss per share based on an annual average of 116,800,508 shares outstanding thus amounted to EUR 6.93 compared to EUR 4.04 in financial year 2015. As of 31 December 2016, net debt was EUR 1,175.5 million against EUR 877.9 million a year ago. As at 31 December 2016, the equity attributable to the shareholders of the company amounted to negative EUR 685.8 million against positive EUR 16.6 million a year ago. The company reported earnings results for the first quarter of 2017. The company has generated group revenue of EUR 649.6 million in the first quarter of 2017 compared to EUR 737.1 million in the first quarter of 2016. The operating loss (LBIT) amounted to EUR 272.3 million in the first quarter of 2017 compared to EUR 172.2 million in the first quarter of 2016. Compared to the first quarter of 2016, EBITDAR decreased from EUR 7.7 million to negative EUR 93.8 million. The loss before tax in the first quarter of 2017 amounted to EUR 284.4 million compared to EUR 180.2 million in the first quarter of 2016. The loss for the period in the first quarter of 2017 amounted to EUR 293.3 million compared to EUR 182.3 million in the first quarter of 2016. Undiluted and diluted loss per share based on an average number of 116,800,508 ordinary shares outstanding in the first quarter of 2017 thus amounted to EUR 2.57 compared with EUR 1.62 in the first quarter of 2016.