Arab Today, arab today air franceklm losses mounted in 2012
Last Updated : GMT 21:11:40
Arab Today, arab today
Arab Today, arab today

Air France-KLM losses mounted in 2012

Arab Today, arab today

Arab Today, arab today Air France-KLM losses mounted in 2012

Paris - KUNA

Air France-KLM accumulated steep losses in 2012, with a soaring fuel bill and charges related to its restructuring programme plunging the airline nearly 1.2 billion euros (1.6 billion dollars) into the red. The losses were up sharply over 2011, when the airline lost 809 million euros, according to German press agency ‘dpa’. On the operating front, the group fared better. Operating losses fell from 353 million euros to 300 million euros over the year, exceeding analysts’ expectations. The airline also improved its seat occupancy rate, while revenues rose 5.2 per cent to 25.6 billion euros. Chief executive Jean-Cyril Spinetta said that the benefits of the company’s restructuring plan were being to show. “Most importantly, it was a year in which our fundamentals were restored, as the first, necessary step towards the recovery of our group,” he said. “In 2013 we will maintain strict discipline in terms of capacity management, investments and costs. 2013 will also see the full implementation of all our projects. It is therefore a crucial year for the success of the Transform plan, and the return to sustainable profitability,” he said. Air France-KLM is seeking to cut costs by 2 billion euros by 2015. Apart from shrinking its fleet and cutting back on planned investment, the group has announced plans to cut 5,122 jobs on the Air France side, mostly through voluntary redundancies and not replacing departing workers.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today air franceklm losses mounted in 2012 Arab Today, arab today air franceklm losses mounted in 2012

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today air franceklm losses mounted in 2012 Arab Today, arab today air franceklm losses mounted in 2012

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday