Air Berlin Benefitting From Lufthansa Strike

Air Berlin is benefitting from a strike at German rival Lufthansa, according to chief executive Stefan Pichler.

"Short-term bookings are looking good for us," Pichler told journalists in Berlin after the carrier reported third quarter results.

"I'm guessing if you flew here, you arrived on an Air Berlin plane," he quipped, referring to Lufthansa's cancellation of almost 1,000 short and long-haul flights on Wednesday as a result of an ongoing strike.