Air France-KLM, Europe's largest airline, yesterday unveiled a net loss of €147m ($219.8m) in its second quarter after suffering a further drop in revenues from its cargo operations and large losses on its fuel hedges.
Like most other airlines, the Franco-Dutch group has been suffering from a sharp contraction in air travel, with the global downturn weighing on passenger numbers, particularly lucrative business travellers, and average ticket prices.
