AF - KLM gruppen går dårlig

Air France – KLM saw its losses for the second quarter grow nearly fivefold to €895 million compared to the €197 million loss of a year before. The airline group explained that €368 million had been set aside for its restructuring plan while a further €372 million was lost due to a fall in the value of fuel hedging contracts.

However there was an improvement in its operating performance where it recorded a loss of €66 million, much reduced from the year ago debit of €145 million. Revenues rose 4.5 per cent to €6.5 billion.

It describing its outlook for the remainder of the year as “uncertain” due to the global economic situation, fuel prices and the euro.