21 Mai 2009
Ai France KLM makes first loss in 6 years
Air France KLM, Europe’s biggest airline carrier posted net losses of 814 million euros in 2008/2009 fiscal year, the first losses since its merger in 2003 and said it would continue to its cost-saving strategy which includes a reduction of headcount in the coming year.
With its financial performance severely crippled by financial crisis, the French-Dutch group suffered a net loss of 814 million euro in 12 months to March, in contrast with 756 million euro profit a year earlier.
In an effort to reduce costs in 2009/2010, the group continued to reduce headcounts, freeze salaries by using internal mobility and requesting staff to take a furlough, said Pierre-Henri Gourgeon.
In 2008/2009, 2,700 workers were laid off, the head of airline carrier said.
The European airline companies are likely to post an aggregated operating loss of 1.8 billion euros in first quarter, while Air France KLM and British Airways will probable seek for financial aid by 2010, a recent Citigroup report showed.
In an effort to reduce costs in 2009/2010, the group continued to reduce headcounts, freeze salaries by using internal mobility and requesting staff to take a furlough, said Pierre-Henri Gourgeon.
In 2008/2009, 2,700 workers were laid off, the head of airline carrier said.
The European airline companies are likely to post an aggregated operating loss of 1.8 billion euros in first quarter, while Air France KLM and British Airways will probable seek for financial aid by 2010, a recent Citigroup report showed.