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Air France-KLM expecting positive operating results for FY2010-11

27-Oct-2010 12:52 PM

Air France-KLM CEO Pierre-Henri Gourgeon advised (26-Oct-2010) in an update of the group's activity to the Board that the group has upwardly revised its operating result expectations for the 12 months ending 31-Mar-2011. Air France-KLM now expects operating results to be positive, except in the case of a major adverse event, given the revenue performance of recent months, together with the current level of forward bookings. The group prevously stated in Jul-2010 it expected to break even at the operating level for the year, excluding the impact of air space closure in Apr-2010 (loss estimated at EUR158 million). [more]