February 16, 2009
Air France-KLM could delay taking delivery of several aircraft as it seeks to rein in costs in the face of the global economic downturn, financial newspaper Les Echos reported.
In an early copy of its Monday front page, Les Echos said the airline could put off the delivery of three Boeing 777-300 aircraft and one of three Boeing 777 cargo planes it has ordered, as well as one Airbus A380 superjumpo.
The newspaper gave no source for its information.
Air France-KLM swung to an expected third-quarter operating loss and abandoned some of its costly fuel price hedges, boosting its shares on Friday.
Europe's largest airline also announced EUR1.2 billion euros of capital spending cuts, half of them in the coming year, and said it would cut summer seat capacity by 2 percent, in a move adopted by many airlines to help shore up profitability.
(Reuters)
Air France-KLM could delay taking delivery of several aircraft as it seeks to rein in costs in the face of the global economic downturn, financial newspaper Les Echos reported.
In an early copy of its Monday front page, Les Echos said the airline could put off the delivery of three Boeing 777-300 aircraft and one of three Boeing 777 cargo planes it has ordered, as well as one Airbus A380 superjumpo.
The newspaper gave no source for its information.
Air France-KLM swung to an expected third-quarter operating loss and abandoned some of its costly fuel price hedges, boosting its shares on Friday.
Europe's largest airline also announced EUR1.2 billion euros of capital spending cuts, half of them in the coming year, and said it would cut summer seat capacity by 2 percent, in a move adopted by many airlines to help shore up profitability.
(Reuters)
