Depreciation and amortisation up by 4.1 per cent

Depreciation, amortisation and impairment came to EUR 1.7bn in the financial year (+4.1 per cent). The rise came mostly from higher depreciation on aircraft, particularly for new aircraft deliveries last year and in the current year. Of total impairment losses of EUR 59m, EUR 57m related to two Boeing 747-400s, two Airbus A340-300s, two B737-500s, five B737-300s and two A330-200s, one Canadair Regional Jet 200 and four Avro RJs which have been decommissioned or are held for disposal. Impairment losses of EUR 21m were also incurred on five B737-500s and on other aircraft and repairable spare parts for aircraft shown in the balance sheet as assets held for sale. These charges are recognised in other operating expenses.

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