16-Feb-2009 12:20 PM
Air France-KLM hits the skids
Analysis
Air France-KLM has delivered further capacity and job cuts, as anticipated, as it unveiled a heavy operating loss in the third quarter, due to weak premium demand, a slump in cargo traffic and a poor performance in the domestic market. Air France-KLM's third quarter EUR194 million operating loss compared to a year-earlier profit of EUR311 million.
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