- CNTV English - CCTV News

Air France posts 736 mln euros profit in Q1

07-28-2010 08:50 BJT

PARIS, July 27 (Xinhua) -- Paris-based Europe's leading airline Air France-KLM announced Tuesday a net profit of 736 million euros (956 million U.S. dollars) in the first quarter of 2010-11 financial year (April-June), versus a drop of 426 million euros registered in the same period a year before.

"Activity in the First Quarter saw a strong recovery in both passenger and cargo, in spite of the five day closure of European air space following the Icelandic volcano eruption," the Franco- Dutch joint venture said in a statement.

The ash cloud from the Iceland volcano Eyjafjoll had forced the European authorities to close their airspace for five days, causing disruption of air traffic in Europe, as well as general loss to the airlines.

The Tuesday result, covering operation from April to June, is " positive" after taking into account the Madrid-based Amadeus operation, benefiting from a gain of 1.03 billion euros, said the Air France-KLM.

The Spanish travel booking agency Amadeus, which the Air France- KLM founded with other airlines, has started trading in stock market since late April and has boosted income for its shareholder the Air France-KLM, which suffered a loss of 252 million euros without it.

From April to June, Air France-KLM posted a turnover of 5.72 billion euros, representing a growth of 10.7 percent against 5.17 billion euros in 2009-10 financial year.

The operating result improved significantly from a loss of 496 million euros to a loss of 132 million euros, according to the company's figures.

Air France-KLM suffered a net loss of 1.56 billion euros during the year 2009-10, jumping from a decline of 811 million euros in 2008-09, due to the global financial crisis and the crash of an Airbus A330 running by Air France with 228 people on board killed on June 1, 2009.

In this year's first quarter result, the total turnover of the Franco-Dutch airline is down by 15 percent to 20.99 billion euros, compared to 24.69 billion euros in financial year of 2008-09. (1 U. S. dollars = 0.7698 euros)

Editor:Jin Lin |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program