New profit warning from Air France-KLM

Air France-KLM expects to book an operating loss of some €200m in its current book year which ends on March 31, the airlines said in a statement.

The company earlier said it expected to make an operational profit but downwardly revised the actual figure twice.
‘The initial weeks of March – traditionally one of the busier months – show a further decline. These lower activity levels have been accompanied by a significant deterioration in unit revenues both in passenger and cargo, notably as a result of the decline in business travel and international trade,’ the airline said.
‘This year, will begin in a context of unprecedented difficulty, with little visibility on how the economy will evolve and on the volatility of factors such as currencies and the oil price,’ CEO Pierre-Henri Gourgeon said in the statement.

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