July 30, 2020

2.6-billion euro loss for Air France-KLM in virus-hit 2nd quarter

Paris (AFP) – Air France-KLM on Thursday announced a second-quarter loss of 2.6 billion euros ($3.1 billion), thanks to grounded flights during the virus pandemic, adding that the twin airlines must “significantly reduce” the workforce.”Activity levels were close to zero in April and May 2020,” compared to last year, rising to just eight percent in June as government progressively eased their COVID-19 lockdown rules, the Franco-Dutch airline group said in its report.”Nevertheless, there is limited visibility on the demand recovery curve as customer booking behaviour is much more short-term ori…

source https://this.kiji.is/en/661647968781812833?c=648607265489716321

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