Air France-KLM plans gradual capacity ramp-up after second quarter loss
Reuters
Published Jul 30, 2020 18:08
PARIS (Reuters) - Air France-KLM (PA:AIRF) reported a 1.55 billion euro (1.4 billion pounds) quarterly operating loss on Thursday, as the coronavirus crisis crippled global air travel.
Revenue plunged 83% to 1.182 billion euros in April-June, Air France-KLM said.
The Franco-Dutch airline group, which swung to a 2.61 billion euro net loss, also said it expects to operate at 45% of its year-earlier capacity in the third quarter, and at 65% in the final quarter of 2020.
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Written By: Reuters
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