31-Jul-2009 3:10 PM
European markets rebound, Air France-KLM, Lufthansa and British Airways gain
Analysis
Shares in Air France-KLM jumped 2.8% yesterday, as the carrier revealed it could expect unit revenues to stabilise in 2HFY2009/10 after big falls in the first quarter, if the global economy starts a gradual recovery at the end of 2009. The carrier's unit revenue dropped 13.9% year-on-year for the three months ended 30-Jun-09. Air France-KLM reported an operating loss of EUR496 million for the period (compared to a profit of EUR201 million in the previous corresponding period.
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