Air France's revenue fell 70% in August: CEO to paper

Air France suffered a 70% fall in revenue in August as its international network operated at around 30% of full capacity, its chief executive told Italian newspaper Corriere della Sera. The carrier is still burning through E10m in cash a day but is working to limit losses, CEO Anne Rigail said in an interview published on Wednesday. The airline group has formed a new transatlantic joint venture with Delta and Virgin Atlantic, replacing a previous partnership that had included Italy's Alitalia. Rigail invited Alitalia, which is due to be nationalised, to join the new group, even if as a second level member. “Alitalia is a long-standing partner and we will propose to them to join the joint venture as an associate member. I want to maintain a strong relationship with them,” she said. Rigail ruled out an investment in Alitalia but expressed interest in its offer of rapid tests for COVID-19 for passengers flying on certain routes.<br/>