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Air France-KLM to breakeven in current fiscal year (to Mar-2011): reports

6-Apr-2010 2:02 PM

Air France-KLM reportedly presented its budget to the company’s board, outlining that it expects to break even in the current fiscal year (12 months to Mar-2011), following a loss of EUR1.3-1.4 billion in the 12 months ended 31-Mar-2010 (La Tribune, 01-Apr-2010). The budget reportedly estimates that while KLM will be profitable in the 12 months ended Mar-2011, Air France will report a loss of approximately USD100 million. Meanwhile, the carrier has reportedly failed to sell six aircraft to Eagle, a unit of Germany’s DVB Bank.