Airberlin announced plans to cut "more than one million seats" during the remainder of 2011,

including suspension of unprofitable routes. The airline cited high fuel costs and the negative impact of a German aviation tax. For the second quarter, Airberlin recorded a 27 percent year-over-year jump in revenue to €1.1 billion, but company's net financial result was a €47.3 million loss, wider than the €39.7 million loss from a year earlier. The airline also announced that CEO Joachim Hunold on Sept. 1 will step down, to be succeeded in the interim by Airberlin board member Hartmut Mehdorn.