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Air France-KLM Cargo cuts loss but remains in the red

from Lloyd's Loading List

Air France-KLM Cargo reduced its operating loss to €66 million in the second quarter (April-June 2016) of its financial year amid further cuts in its freighter fleet. It represented an improvement of €21 million on a like-for-like basis on the loss incurred in the corresponding quarter last year, "resulting from a strong decrease in unit costs (-14.0 percent) due to the restructuring measures taken." Cargo revenues amounted to €507 milliion, down 14 percent. more

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