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Aircraft and transport: redundancy plan causes heavy loss quarter for Air France-KLM
Paris, France - "An improvement in our productivity and costs is necessary"
The French-Dutch group Air France-KLM, which represents the largest European airline, announced record losses in the second quarter of 2012: the 895-million-Euro (roughly 1.1 billion dollars or 700 million pounds) in-the-red quarter balance from March to June represent a 494% increase if compared to the same period in 2011. The balance is made heavier by the 368 million Euro needed to cover redundancy...
AVIONEWS - World Aeronautical Press Agency - 1143971
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency