tv Business - News Deutsche Welle October 28, 2017 7:02am-7:15am CEST
clear for landing for good almost four decades after eben in first took off the now bankrupt adeline sees its final flight we take a look at what the end of an era in the airline industry means for the carriers star and you the consumer. also coming up another german company faces tough times three w. the world's biggest carmaker pays dearly for its emissions cheating scandal posting a dramatic drop in profits. this is your business update i'm helen on free in berlin good to have you with us it's bye-bye to the bankrupt and i made its final journey on friday night an emotional moment for the passengers on board and the stouter aside a sad moment for consumers consolidation in the enron industry means some routes
set to get pricea without doubt a sad day for the airline staff as well but the trustee of the bankruptcy says the bulk of jobs could be saved so for now their future remains up in the air. too and it's a bitter end for many air berlin employees and some are not mincing their words about c.e.o. thomas. louis freeh. before you leave the. news. in the. you know even though took the helm of air berlin earlier this year is guaranteed at least four point five million euros of bad thousands of employees are furious that they are being left high and dry. three out of four of the eight thousand air
berlin employees will lose their jobs look tons and two german states declined funds to guarantee employment for a few months more customers may also get a real deal. they felt by consumers less on offer less flights on offer over time that gap will be partially filled by mainly by lost tons and tons as a low cost affiliate euro wings and possibly by easy jet or commodore but negotiations are ongoing and it's far from certain whether that is going to be successful time has run out for air berlin and its rivals are lining up for its remaining assets but the real painful consumers may only be beginning after roll industry experts predict travelers will have not only few options but also more expensive ones as germany's second largest airline disappears. while on its final day of business and then achieve what it rightly could and its
prime sell tickets at a price high enough to make a profit the add ons last flight was sold out for weeks some say it's going to six times the usual foot so time to take a look back at a company that started out small and many say try to get to break. it all began in one thousand nine hundred seventy eight when air berlin usa was born a charter airline with two planes and seventy eight employees the first flight took tourists from berlin to the spanish island of mine yorka the carrier soon became known for flying to europe's warmer regions like the mediterranean in one thousand nine hundred ninety eight the holiday charter airline entered an era of transformation and began offering more flights and more destinations by two thousand and three air berlin was the second largest carrier in germany. three years later it went public on the frankfurt stock exchange and was valued at more
than five hundred million euros air berlin continued to expand with acquisitions that included german leisure airline l t u but the airline has been running in the red since two thousand and eight that forced former c.e.o. and founder you off him to step down and twenty eleven that same year new chairman made on signed a groundbreaking deal with gulf airline he had one of the leading carriers in the middle east became the largest shareholder of air berlin. it's a milestone in the history of air travel in aeronautic history. with the deal air berlin joined the one world airline alliance but business didn't improve despite cost saving measures and restructuring efforts in twenty fifteen air berlin posted a record loss of four hundred fifty million euros eight he had once again came to the rescue but to no avail air berlin began making headlines for all the wrong reasons canceled flights lost luggage customer confidence and satisfaction dwindled
the airline went bust after negotiations that rivals considered unfair lufthansa acquired eighty one aircraft and routes from its former rival now many flights within germany will only be offered by one carrier and a lot of passengers fear their berlin's demise will soon lead to a big hike in ticket prices. or the amazon microsoft and google's parent company alphabet have in common well over three american companies just keep on growing turning and better results quarter after quarter beating analysts expect ations and the stock market well it. sales like prime day help attract customers and are driving amazon's profit to new heights but amazon isn't just making money with direct sales it's also earning more with online advertising and turning up the pressure on market leader google amazon recently
opened a new office in new york with around two thousand employees dedicated to selling ads. and amazon cloud services remains the market leader when it comes to helping smaller companies into the cloud over the last three months amazon earned over two hundred fifty million dollars with demand for cloud services growing by the day microsoft is also doing solid business with its cloud solution its flagship cloud platform is called and helps companies manage their websites and company data microsoft boss such an agenda has managed to successfully shift the tech giant away from its dependency on windows to a one stop shop for digital enterprise last quarter microsoft earnings topped six point six billion dollars google's parent company that made a name for itself with its search engine but it's profiting from the expanding ad
market targeting smartphones and tablets its quarterly profits put it well ahead of its competition and six point seven billion dollars in the third quarter. we can bring in our financial correspondent who is that now you take is back with a bang strong earnings all trade press. it was an exceptional day for tech stocks and companies and that especially true for amazon the stock gained almost one hundred thirty dollars a good thirteen percent and that stock is valued now at one thousand one hundred dollars by the way this price increase means that the market valuation of amazon just on friday alone increased by a good sixty billion dollars that is basically what the federal express his words in general but also the other stocks and microsoft was a gain of
a good six percent intel up seven percent and alphabet also trading up by a good four percent so it was really an incredible day for tech stocks shortly before the weekend yes go to new york thanks and have a great weekend. well tech stocks doing well but v.w. net profits collapsed last quarter down over fifty three percent to ring in a little over a billion euros now that is geo in part to higher costs from the diesel gate scandal the german car maker is currently refitting hundreds of thousands of cars rigged to cheat on those and nation status is certainly dented fox fog and reputation especially in the united states. and rachel stu it sent us this report. in a quiet corner of baltimore port thousands of folks back in cars are sitting idle it's a kind of car purgatory will they ever make it back onto the road or are they destined
for the scrappy. nearly half a million cars were affected by the diesel gate scandal in the u.s. the disgraced models have landed in sites like this across the country gathering dust while the company works out what to do with them. in july the u.s. government approved a fix for many of these cars but customers be willing to give these diesels a second chance oh no never i wouldn't even consider buying a boat in period i mean if there are facts and i could be assured that there are facts i'm not sure about buying a diesel car in general but that's how i feel that's just like fake lead data and you can't really get away with that so i wouldn't really trust i won't trust. the bill for clearing up after diesel gate is already pushing thirty billion dollars mounting costs are taking their toll on v.w. with the company returning lower than expected third quarter results folks wagons north american group declined an interview but told the w.
our top priority is to make the settlement process a seamless and convenient as possible we are working hard and dedicating substantial resources to make sure this is the case. but how is this affecting the company's ability to focus on the future of many manufacturers are investing huge amounts in emerging technologies such as automation and electric vehicles competition from silicon valley companies like tesla and google means traditional car makers are under pressure to keep up. china is going to have all electric cars produced by twenty forty. by twenty thirty they clearly want to have only electric cars so in europe there are really good incentives. if they want to survive they have to follow these technologies. parts of the v.w. diesel settlement didn't clue to commitment to invest in zero emissions technology and the funding of environmental projects but for now a top priority for v.w.
reformation day on d w. the programs of when the clocks marking its five hundredth anniversary we're going live to the commemoration ceremony that bag will be documentaries magazines and talk shows focusing on luther and the groundbreaking events he helped set in motion reformation day october thirty first g.w. . new on d w make him famous stars emmy and now. him in vegas house of music. be the best. glavine and unplugged. three night groups starting november third on t.w. . going to the double your we speak your language our spanish program only until.
own words will inform us openness and i can later always close to the action but i'm not going to bite my part of the folk at one before like you can get that up to the minute news and opinions of the background to political developments w d w we bring you most of the oil. slick and fresh d.w. because of me speak your language being dug up. for content in dari pashto and order prospects for returning our web special refugee journeys of life in germany and the prospects for those returning home. join the discussion along t w dot com and on facebook. prospects.