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

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