(ANSA) – ROME, MAY 05 – Air France-KLM recorded net losses of 552 million euros in the first quarter of the year compared to 930 million in the same period of the previous year, while revenues increased to 4.445 billion (2.284 more than last year). Adjusted operating free cash flow improved by € 1,974 million.
Net financial debt fell to € 7.7 billion, down by € 0.6 billion compared to the end of 2021.
The recovery accelerated in March with very dynamic bookings for the summer season. The company expects a good trend for the remainder of 2022 with strong summer demand resulting in higher performance levels than 2019 with a break even in the second quarter and a “significantly positive result” in the third. As of March 31, 2022, we read “the Group has 10.8 billion euros of liquidity and sufficient credit lines available”. (HANDLE).
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
