Friday, July 24, 2015 - 09:44
Another quarter ends in a loss for Air France-KLM
Despite a slight increase in turnover, the first two quarters of this year ended in a loss for Air France-KLM. In the first quarter the airlines suffered a loss of 559 million euros, in the second quarter the loss was 79 million euros. Turnover increased by 3 percent to 6.64 billion euros. The number of passengers increased slightly in the second quarter. Air France-KLM CEO Alexandre de Juniac said this to NOS. There have been no real improvements and it is forcing the airline to take additional measures. According to De Juniac, the figures in the first half of the year were influenced by the fluctuating exchange rates, fuel prices and continued pressure on revenues. "On this crucial point in the history of Air France-KLM we are counting on the spirit of responsibility and commitment of the employees", De Juniac said to the broadcaster. Earlier this month KLM announced that the airline will be decreasing the number of flights in its winter schedule in an effort to compensate for falling revenues. KLM CEO Pieter Elbers also stated that KLM will be announcing further restructuring measures in September.