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 in June will offer multicourse meal service and complimentary beer and wine... read more »
U.S. airlines in February improved both their on-time performance and baggage handling year over year,... read more »
Southwest Airlines further has expanded operations at Dallas Love Field,... read more »
The U.S. Federal Aviation Administration has granted American Airlines and US Airways a single operating certificate,... read more »
Alaska Airlines in March was the most punctual major North American airline, with an on-time arrival rate of 86.8 percent,... read more »
The U.S. Department of Transportation on March 27 tentatively sustained Delta Air Lines' right to serve Tokyo’s Haneda Airport from Seattle,... read more »
Germanwings owner Lufthansa Group, in coordination with industry and government regulators, adopted a rule... read more »
GroundLink appointed two regional sales managers.... read more »
The U.S. Federal Aviation Administration projects U.S. air carrier traffic will increase by an average of 2.5 percent annually... read more »
The Lufthansa Group this week reported a net profit of €55 million for 2014, down 82.4 percent... read more »
U.S. air travel volume this spring will reach its highest level in seven years,... read more »