Air France-KLM reports €197 million quarterly loss
AFP · 28 Jul 2011, 11:15
Published: 28 Jul 2011 12:15 GMT+02:00
Updated: 28 Jul 2011 11:15 GMT+02:00
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.