Air France-KLM post record €7bn loss as coronavirus halts travel

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(Dutch News)

Airline Air France-KLM posted a loss of €7.1bn last year, as coronavirus halted travel and planes that did fly had low capacity. The number of passengers fell by 67% last year, while freight transport was down 21%, the airline said.

The combined workforce had also been reduced by 8,700 by the end of the year, as jobs were axed to cut costs. The Dutch arm of the operation, KLM, also published sales figures, showing turnover down by half to almost €5bn.

‘KLM’s financial results show just how serious the situation is,’ said KLM chief executive Pieter Elbers.

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