Air France-KLM profits down 60%
In a period that British Airways has described as “the worst trading environment everâ€, Air France-KLM has reported April to June net profits were down 60% from a year ago.
Passenger numbers rose, however, despite higher fares, by 3.7% in the period.
As airlines cut routes, discuss mergers and increase fares, carriers large and small are struggling to survive.
Air France is currently in talks with French utility firm Veolia to operate rail services in a bid to defray airline costs.
By Dinah Hatch
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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