Air France-KLM posted a €235 million fourth-quarter net loss, - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

February 22, 2013 - 01:00 PM ET

Air France-KLM posted a €235 million fourth-quarter net loss, narrower than the €259 million loss reported for the three-month period ending Dec. 31, 2011. The company's 2012 full-year loss widened to €1.2 billion from €809 million in 2011, amid a "sharp increase" in fuel costs, "a slowdown in global growth," a "recession in Europe" and €471 million in charges related to its restructuring. Fourth quarter unit revenue for the airline group's passenger business grew nearly 6 percent year over year while traffic and capacity remained largely flat. "In 2013 we will maintain strict discipline in terms of capacity management, investments and costs," according to Air France-KLM chairman Jean-Cyril Spinetta. "2013 will also see the full implementation of all our projects. It is therefore a crucial year for the success of the Transform plan, and the return to sustainable profitability."

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
More than 50,000 companies enrolled in Uber for Business during the first year of the program,... read more »
Uber’s business model could be found unlawful now that a judge has expanded the plaintiff pool in a lawsuit... read more »
Kazakhstan national carrier Air Astana has introduced an online-auction model for business class upgrades on select routes,... read more »
Amtrak will change Amtrak Guest Rewards’ redemption structure and boost travelers’ points-earning potential,... read more »
Qantas reported a pre-tax profit of A$975 million (US$716 million) for its 2015 fiscal year, a turnaround from a A$646 million loss the prior year.... read more »
Former U.S. Secretary of Transportation Ray LaHood has joined regional air transportation network OneJet as a senior advisor,... read more »
The Federal Aviation Administration blames a recent software upgrade at a Virginia radar facility for a system outage that caused hundreds of delays... read more »
The average domestic U.S. airfare increased 1.7 percent year over year to $388 during the first quarter,... read more »
Regional air transportation network OneJet will add service to Nashville on Sept. 8,... read more »
United Airlines has launched a subsidiary that will manage its ground-handling services at select airports,... read more »
Construction on a new central terminal for New York City’s LaGuardia Airport will begin in 2016,... read more »