Air France-KLM improves results in second quarter

Air France-KLM has improved its results marginally in the second quarter but is introducing new cost-cutting measures.

Turnover rose 1.2% to €6.58, passenger numbers rose and fuel costs fell. Operating profit was €79m compared with a loss of the same amount in the year earlier period.

Net debt was reduced by over €600m, down from a loss of €897m a year ago to €163m this quarter.

‘For the past year our results have improved quarter after quarter, in spite of the persistently tough economic environment,’ CEO Alexandre de Juniac said in a statement. ‘Nevertheless, revenues remain below target at this stage.’

Air France-KLM says it will be introducing new cost-cutting measures and will make the details known later this year.

 

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation