Air France-KLM books Q1 loss, says transformation strategy on track

Airline Air France-KLM made a net loss of €630m in the first three months of this year but says the results of a major organizational shake-up are beginning to bear fruit.

The Dutch-French firm booked a first quarter operating loss of €530m, an improvement of €67m compared with the first quarter of 2012

The revamp involves the loss of 3,000 jobs in the Netherlands. This will be achieved through not replacing staff who leave and centralising support services.

The company said in a statement that the environment remains ‘difficult and uncertain’ but that its Transform 2015 strategy remains on track. The company reconfirmed its 2013 objectives to ensure ‘a reduction in unit cost on a constant currency and fuel price basis, and a reduction of net debt’.

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