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Air France-KLM profits down 60%

Tuesday, 5 August 20083 min read

In a period that British Airways has described as “the worst trading environment ever”, Air France-KLM has reported April to June net profits were down 60% from a year ago.

Passenger numbers rose, however, despite higher fares, by 3.7% in the period.

As airlines cut routes, discuss mergers and increase fares, carriers large and small are struggling to survive.

Air France is currently in talks with French utility firm Veolia to operate rail services in a bid to defray airline costs.

By Dinah Hatch