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BCN-04
FRANCE-NETHERLANDS-AVIATION-HEALTH-VIRUS-EARNINGS
Pandemic pushes Air France-KLM deep into red in 2020
PARIS, Feb 18, 2021 (BSS/AFP) – Air France-KLM said Thursday it booked a net
loss of 7.1 billion euros ($8.6 billion) in 2020, compared with a bottom-line
profit of 290 million euros a year earlier as the coronavirus pandemic
“severely impacted” the aviation industry.
“2020 tested the Air France-KLM group with the most severe crisis ever
experienced by the air transport industry,” said chief executive Benjamin
Smith in a statement after the airline’s revenues plunged by nearly 60
percent.
BSS/AFP/MSY/1250 hrs