Air France-KLM’s operating loss widened to €303 million in the first quarter of 2019, from €118 million experienced in the first three months last year. The group also posted a 1.9% drop in unit revenue for the quarter, which the company has blamed the drop on higher fuel costs and price competition. Air France-KLM said its fuel bill grew by €140 million to €1.2 billion in the quarter. The group did however post a revenue rise of 3.1% to almost €6 billion. Air France-KLM chief executive Ben Smith said: “The first quarter has been challenging for the European airline industry
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.