Strategic Meetings Summit London, 26 September,
September 29 2022, Kimpton Fitzroy London
Friday 30 September 2022, JW Marriott Grosvenor
Air France – KLM has halved its losses for the first six months of the year and posted an increase in revenue.
According to the group’s first half year results, it recorded an ‘adjusted’ operating loss of €342 million, an improvement of €344 million from six months earlier.
The airline recorded revenues of €12.01 billion an increase of 1 per cent from the previous time last year.
The positive results come after a turbulent year in which the company has issued profit warnings, seen sharp drops in its share price and cut over 2,000 staff.
Air France – KLM chairman and CEO Alexandre de Juniac, said: “Despite a tough operating environment, the Air France-KLM Group maintained the momentum of its recovery in the first half of 2014, by halving its operating loss.
“Quarter after quarter, our results are consistently reflecting the benefits of the productivity measures implemented under Transform 2015.”
Air France reported an operating loss of €180 million from revenue of €7.6 billion and KLM an operating loss of €34 million out of a turnover of €4.56 billion.