Air France - KLM Q2 Loss Shrinks; Predicts Operating Profit For FY
PARIS (dpa-AFX) - Franco-Dutch airline Air France - KLM (AFLYY.PK, AFRAF.PK) reported that its net loss, Group share for the second quarter reduced significantly to 163 million euros, from the prior year's loss of 895 million euros, on a published basis, with loss per share narrowing significantly to 0.55 euros, from a 3.02 euros loss in the year-ago period.
Thanks to a reduction in unit cost, the operating result was positive at 79 million euros, whereas the adjusted operating result stood at 159 million euros.
During the recent quarter, total Group revenues were 6.58 billion euros, against 6.50 billion euros at June 30, 2012. Passenger traffic for the period rose 3.2% for a capacity increase of 2.6%, enabling a 0.5 point growth in load factor to 83.2%.
Based on strict capacity discipline, a good level of bookings for the summer season, slightly higher unit revenues in the passenger business and a fuel bill of nearly 4.8 billion dollars based on the forward curve at July 19, 2013, the Group said it aims for an improvement in the second half 2013 operating result in line with that of the first half.
Meanwhile, Transform 2015 is fully on track, with cost reduction measures, the industrial plan and initiatives to win back the firm's customers all underway within the planned timeframe.
Copyright RTT News/dpa-AFX