Air France-KLM reports 197 mn euro quarterly loss

27th July 2011, Comments 0 comments

Air France-KLM announced Wednesday a first quarter net loss of 197 million euros ($283 million) and said the outlook was uncertain for the rest of the year.

In the same period last year, the company had reported a 736 million euro net profit.

Air France said first quarter sales this year rose 8.7 percent to 6.22 billion euros, with passenger numbers up 9.4 percent on a 10.1 percent increase in capacity.

Cargo activity rose a slight 1.9 percent on a capacity increase of 6.2 percent, the airline said.

The airline said it would reduce a planned increase in capacity for the coming months, given the destabilising effects of the Japanese earthquake, the ongoing eurozone debt crisis and turmoil in Africa and the Middle East.

© 2011 AFP

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