6-Apr-2010 2:02 PM

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

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.  

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More