20-May-2009 3:25 PM
Air France-KLM faces “low visibility” outlook. Loss of EUR574 million in 1Q09
Analysis
Air France-KLM Group reported the first full year's operating loss in five years of existence, at EUR129 million. But the bad news was not surprisingly in the final quarter of the Air France-KLM financial year, the first three months of this calendar year. There will be no profit this year, as the airline scales back on capacity to help it stem the bleeding.
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