Air France loss widens, buffeted by higher fuel costs, fierce competition

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Reuters

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ID:

1556861059923077600

Fri, 2019-05-03 05:15

PARIS: Air France-KLM blamed higher fuel costs and tough price competition as it posted a deeper first-quarter loss on Friday, but said pressure would ease in the rest of the year as rival airlines’ capacity growth slows.
The Franco-Dutch group reported a 1.9 percent drop in unit revenue for January-March, as sales failed to keep pace with its 2.3 percent expansion in flights offered. The operating loss widened to 303 million euros ($339 million) from 185 million euros.