€505 million third-quarter loss prompts capacity cut, payroll reduction at AF KLM
Stating that results for the fiscal third quarter ended Dec. 31 reflect "the increasing severity of the economic downturn," Air France KLM reported a €505 million ($649.4 million) net loss compared to a €139 million profit in the year-ago period. The substantial deficit was created in part by major...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
