Wednesday, 30 April 2014 - 10:15
Air France - KLM report €610m loss
Air France-KLM has suffered another loss this last quarter. The first quarter loss amounts to €608 million, which is a fraction less than last year's loss of €641 million. The airline's turnover has also dropped slightly, to €5.5 billion. Air France-KLM says that costs are going down even further. The cargo transport sector of the airline is not recuperating as quickly as thought. International exchange rates have also had an impact on the results. The conversion of incomes in the weaker currencies of the world to the stronger Euro cost the airline €108 million, which is about two percent of the overall incomes.