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
United Airlines added 50 76-seat Embraer 175 aircraft to operate under the United Express brand... read more »
Indirect group purchasing organization Corporate United has launched a car rental program for members via an agreement with Enterprise Holdings,... read more »
Alaska Airlines in August was the most punctual among the nine North American network carriers with an on-time performance ratio of 88.2 percent,... read more »
WestJet is adding a $25 first-checked-bag fee for passengers traveling on Econo fares for domestic flights and flights between Canada and the United States,... read more »
The U.S. Department of Transportation tentatively approved an application by Brazilian airline Azul Linhas Aéreas Brasileiras to launch U.S. service,... read more »
Concur partnered with French taxi service Taxis G7.... read more »
Hertz Global Holdings chairman and CEO Mark Frissora has stepped down for "personal reasons,"... read more »
Virgin Atlantic plans to boost services on North Atlantic routes while ceasing flights to Cape Town, Mumbai, Tokyo and Vancouver.... read more »
Cathay Pacific and Dragonair will allow passengers to keep small electronic devices on in airplane mode during taxi, takeoff and landing beginning Sept. 15,... read more »
Airberlin promoted Roberto Cuesta Jr. to vice president of sales and marketing for the Americas,... read more »
Ryanair detailed the components of a new set of services designed for business travelers, available immediately.... read more »