Financial Times FT.com

Air France-KLM issues new profit warning

By Kevin Done, Aerospace Correspondent

Published: January 20 2009 10:24 | Last updated: January 20 2009 10:24

Air France-KLM, the largest European airline, issued a further profit warning on Tuesday reflecting the weakening demand for air travel as the performance of the global economy worsens.

It said in a statement that it expected to report an operating loss for its third quarter from October to December. It still expected to remain in operating profit for the full year to the end of March, but warned the level of profit would depend on how the economic situation evolved in the coming weeks.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this