Oh dear. Money seems to be getting tighter at Air France-KLM Group today after their annual numbers have been annouced.
And it’s not good news with a massive loss of €1.55 Billion Euro.
This is blamed on a mixture of things that they could come up with inculding
- Falling air trafic
- Low cargo yields
- Fuel Prices up, down and everywhere
- And the AF447 incident.
The cheichief executive, Pierre-Henri Gourgeon, saidfinancial year would go down as the company’s “annus horribilis”, posting a bigger loss than in 1993 (before it’s pre-mmerger days), and double it’s losses from last year of €881 Million Euros.
That’s a lot of coins to loose down the back of the sofa…
