Air France-KLM returns to profit

Group forecasts “further significant net debt reduction”
The fall in fuel prices and growth in its passenger traffic helped Air France-KLM return to profit in 2015. It has posted a healthy operating profit of €816 million, compared with a loss of €129 million in 2014.
For 2016, the airline group forecasts “further significant net debt reduction”, a reduction of between 0.8 and 1.2 percent in unit costs and cash flow generation after disposals of between €0.6 billion and €1.0 billion.
Yesterday, two unions warned that Air France was planning next week to announce a plan to cut 1,400 jobs through voluntary redundancies, mostly among its ground staff.
Reuters

x

Check Also

Ryanair’s cabin baggage rules change

Passengers no longer able to carry two cabin bags on board

Bergen two new routes, Billund one

Air France and Wizz Air announce fresh expansions

TORP, Sandefjord, lufthavn, airport, passengers, rise, increase, Rygge, low-cost, Ryanair, power, Oslo

Oslo Torp: 35% more passengers

Record year for Oslo’s second airport

KLM pioneers AI in social media

Artificial intelligence answers passengers’ questions

Sri Lanka invests in shipwreck tourism

Country has hundreds of possible shipwreck dive sites

Facebook, messenger, chatbot, travel industry, mobile, hotels

Travel industry sees chatbot boom

Airlines, hotels and travel agents making use of new trend