Air France-KLM reduces losses in the first quarter of 2016

In the first quarter of 2016, Air France-KLM Group has reduced the losses to 155 million euro, a sharp decrease from the 559 million cases of red in the same period last year.

The Dutch French group accounts improved primarily due to lower fuel prices, while weighing on the outlook for the full year the threat of terrorism, which has decreased the passengers, and currency uncertainties related to the value of the euro, which could void the benefits of a cheaper raw.

In the first quarter of 2016, Air France-KLM posted a sales increase of 0.4 percent, rose to 5.6 billion euro, transporting 19 million and 896mila passengers, up 4.6 percent over the same period 2015. Increased by 0.3 per cent capacity, in line with the recovery plan Perform 2020, which provides for an increase of 2.3 per cent per annum of places available between 2017 and 2020.

Remain unchanged for now the economic forecasts for 2016, including a cut of 1% unit costs and a significant reduction of the debt, now at an altitude of 4.16 billion.

Despite the positive numbers, the company will soon have to confront the Unions: from June 1 will start the deduction of salary of the pilots, as announced in recent days by the head of human resources Gilles Gateau. The categories of workers, who have already agreed a cut in jobs, have vowed to battle the new CEO Marc Janaillac, which from July will take the place of Alexandre de Juniac, ready to leave the company to guide the IATA, the International Association of air transport.