airberlin: another record loss, but "Jack of all trades" may have a chance to escape Groundhog Day

German airline airberlin has reported a net loss of €781m ($847m) for 2016, a 75% increase on the previous year. The company has reported net losses in eight of the past nine years, losing a total of €1.9bn in the five years since Etihad became a shareholder. The airline has a restructuring plan in place and sufficient liquidity to continue, but the losses for Q1 2017 are expected to be worse than those for the same period last year.