09-Jul-2009 1:30 PM
Air France-KLM suffers amid “brutal” environment; Lufthansa shares steady, British Airways slips
Analysis
Air France-KLM shares fell a further 2.8% yesterday, as "brutal" and "very large" reductions in demand for cargo and premium travel, respectively, according to CEO, Pierre-Henri Gourgeon, raise investor concerns about a recovery for the carrier. The carrier announced it may introduce measures, including reduced working hours, in reaction to the weak economic and demand conditions.
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