Sign up for our FREE newsletter
Receive FREE Newsletter
Advanced Search
+

Air France-KLM reports €222m loss from cargo

default_image
© Khunaspix Dreamstime.
By

Poor Air France-KLM. Another set of tragic results, with losses from cargo at €222m, while the group’s overall loss (you can see the results here) was €1.19bn. The plan is to keep a tight rein on capacity, by taking a freighter out, but last year RTKs fell 6.3% while capacity was down 3.5%. It’s going to be a tough job for the new president and CEO, Camiel Eurlings.

Read more...

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    The Purse Strings RXO XPO Logistics

    Most Read

    WestJet will 'disrupt' Canada with three 737Fs, but rivals aren't scared

    The 'mother of all BAFs' looms for shippers as green targets advance

    First shipper uses new land-air corridor ex-India for Bangladesh exports

    Maersk idles more ships while NOOs see a rebound in demand

    Carriers turn their gaze back to scrubbers as voyage results tumble

    Container shipping can see ‘green shoots’ of freight demand recovery

    Forwarding M&A round-up: plenty of action making smaller headlines

    The parcel empires strike back as smaller players take stock

    Shippers advised to give strike-hit port of Hamburg a miss

    CMA CGM eyes car-carrier market boom as liners are ready to invest

    DSV buys in Arizona to boost services and cross-border LatAm trade

    Some ocean trades stabilising, but transatlantic rates still falling

    Retailers warn of challenging orderbooks amid continued high inventory

    Mind the (income) gap with Mærsk, DP-DHL & Kuehne – DSV the safest

    K+N will take financial hit to 'create critical mass' for smart labels

    Boost for Hong Kong air cargo volumes as ban on vape traffic is lifted