Air France-KLM slowly crawling out of a very deep hole
Air France-KLM reported “some signs of recovery in activity” during the Dec-2009 quarter (its fiscal third quarter), but it expects to report a fourth quarter loss on par with last year’s result as the economic environment “remains difficult”. The airline stated the trend in unit passenger revenues was “more favourable" than in the previous two quarters, but they remained well below last year's level.
