Air Berlin of Germany is all set to bring back itself to profits before next year and will be rolling out its plan by December end.

Abu Dhabi-based carrier Etihad owns it partly. Chief Executive of the firm, Hartmut Mehdorn said that the plan may lead to cutting down of 900 jobs. Air Berlin has incurred profits of 4.5% since last year because of cut in costs. However, the net debt also gained a 5% increase over the three months and reached to 853 million euros, that is almost four and a half times of its shares.

It was told by the Chief Financial Officer, Ulf Huettmeyer that Topbonus frequent flyer programme will help in reducing the operating loss in the year and will reach 160 million Euros, above the analysis done.

The giant is also considering structural changes so that focus could be on the core business. Therefore, it is deciding to send home 10% of its workers i. e. a major loss of 900 jobs.

The airline has already taken $200 million out of total $255 million financing facilities for five years but as of now, it hasn't been reported to demand of any further loans. Company's shares have reduced by 38% this year while its rival Lufthansa has observed almost equal rise.