Air France-KLM added the new lockdown imposed by the French government amid rising cases of coronavirus across Europe will weigh on performance through the fourth quarter of this year.
Air France-KLM has reported a €1.5 billion loss for the second quarter as the Covid-19 continues to take a huge toll on the global aviation sector.
Air France-KLM has reported a first quarter operating loss of €815 million as the coronavirus pandemic begins to show up in financial results. Though only the last two weeks of the three-month period were impacted, the carrier reported substantial losses.
Air France-KLM has secured at least €7 billion in government funds as the group seeks to overcome a collapse in travel demand in the midst of the coronavirus pandemic. The Franco-Dutch airline group is struggling to stay afloat because amid a raft of limitations on travel.
Air France-KLM has reported a 31 per cent drop in net profit, to €290 million, for 2019. The news comes on the back of a falloff in freight and rising fuel bills.
Virgin Atlantic, Delta, Air France and KLM have launched a new expanded joint venture. The deal is designed to offer a greater choice of routes and loyalty options when travelling between Europe, the United Kingdom and North America.
Air France-KLM has firmed up an order for 60 Airbus A220-300 aircraft to modernise its single-aisle fleet. The aircraft are intended to be operated by Air France.
Air France-KLM has reported disappointing third quarter financial results, with net profits dropping €420 million to €366 million for the three months to September 30th. There was, however, a two per cent gain in revenue to €7.7 billion.
Air France-KLM Group has signed a memorandum of understanding for 60 Airbus A220-300 aircraft to modernise its fleet. As part of a wider fleet simplification, Air France also announced plans to retire its ten Airbus A380s by 2022.
Virgin Atlantic is partnering with Air France-KLM to enhance the bluebiz small and medium-sized enterprise corporate loyalty programme in the UK. These up-and-coming businesses have always been key to the Virgin Atlantic brand, the airline said.
The commission concluded the transaction would raise no competition concerns in the European Economic Area.