Coronavirus provokes steep losses at Air France-KLM

AFP

2020/05/07 | 196 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Coronavirus provokes steep losses at Air France-KLM © Le Journal de l'Aviation - All rights reserved

Air France-KLM Thursday posted sharply higher first-quarter losses as the coronavirus pandemic trampled on global travel.The airline group said it had suffered a net loss of 1.8 billion euros ($1.94 billion) in the first three months of the year, more than five times its 324-million-euro loss in the first quarter of 2019.Air France-KLM highlighted 455 million euros in fuel purchases that were never used because of the pandemic.The first-quarter result underscored the effect of the virus cris...(…)

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