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.

Air Berlin, said to be the second biggest carrier in Germany, has knocked the doors of court to seek compensation from the makers of new international airport in Berlin.

Air Berlin has alleged that the airport's opening has been repeatedly delayed by the consortium. Air Berlin's Chief Executive Hartmut Mehdorn said they waited a lot and now they want their compensation through courts.

On Tuesday, Air Berlin Plc, which credits to be the second largest airline company of Germany, has notified a hike in the fleet capacity utilization as well as number of passengers in August whereas capacity has observed a decline year-over-year.

The company sources have claimed to successfully transport around 1% more passengers, not less than 3,759,405, as compared to the same time period of last year. Simultaneously, the fleet capacity utilization was observed to touch 85.1%, during the August.

Air Berlin PLC, Germany’s second largest airline has announced that its CEO will quit from his position and the airline has been planning to cut a few routes due to the losses occurred from the increase in the fuel prices.

Joachim Hunold, the founder of Air Berlin will be resigning from his position of CEO on September 1. Hartmut Mehdorn, a former Chief Executive of Germany's national railway will be taking his position.

The news of the CEO’s resignation came after the announcement of the weak second-quarter results and the plans of a few cut backs of the routes.