Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Air France-KLM reports €197 million quarterly loss

Share this article

12:15 CEST+02:00

Air France-KLM announced Wednesday a first quarter net loss of €197 million ($283 million) and said the outlook was uncertain for the rest of the year.

In the same period last year, the company had reported a €736 million net profit.

Air France said first quarter sales this year rose 8.7 percent to €6.22 billion, with passenger numbers up 9.4 percent on a 10.1 percent increase in capacity.

Cargo activity rose a slight 1.9 percent on a capacity increase of 6.2 percent, the airline said.

The airline said it would reduce a planned increase in capacity for the coming months, given the destabilising effects of the Japanese earthquake, the ongoing eurozone debt crisis and turmoil in Africa and the Middle East.

Get notified about breaking news on The Local

Share this article

Advertisement
Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement