Air France-KLM widens net loss in Q1
Air France-KLM has reported a E216m (US$236m) Q1 net loss, widened from a E155m loss in the year-ago period. The group said Q1 trading was “resilient” and that unit revenues had begun to stabilise at -0.5%, following a decline since the end of 2016. Q1 revenue increased 1.9% to E5.7b, while total expenses rose 2.6% to E5.9b, producing an operating loss of E143m, deepened from a E99m operating loss in the prior-year quarter. “The operating result was notably impacted by currency effects, which had a negative impact of E72m,” Air France-KLM said. At constant currency the operating loss would have been E28m up on the comparable quarter. Air France-KLM described its passenger numbers as “solid,” increasing 5.2% to 20.9m. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-05-05/sky/air-france-klm-widens-net-loss-in-q1
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Air France-KLM widens net loss in Q1
Air France-KLM has reported a E216m (US$236m) Q1 net loss, widened from a E155m loss in the year-ago period. The group said Q1 trading was “resilient” and that unit revenues had begun to stabilise at -0.5%, following a decline since the end of 2016. Q1 revenue increased 1.9% to E5.7b, while total expenses rose 2.6% to E5.9b, producing an operating loss of E143m, deepened from a E99m operating loss in the prior-year quarter. “The operating result was notably impacted by currency effects, which had a negative impact of E72m,” Air France-KLM said. At constant currency the operating loss would have been E28m up on the comparable quarter. Air France-KLM described its passenger numbers as “solid,” increasing 5.2% to 20.9m. <br/>
