Two weeks of coronavirus shutdown were enough to hit Air France-KLM with an 815 million-euro ($880 million) first-quarter operating loss, the airline group said on Thursday - predicting demand could take 'several years' to recover.
) with an 815 million-euro first-quarter operating loss, the airline group said on Thursday - predicting demand could take “several years” to recover.
Many major airlines have sought government help as they struggle to slash costs and conserve cash in response to the unprecedented global crisis. Capacity will still be down 80% in the third quarter, the group predicted, with customers returning only gradually.
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