Wednesday, July 27, 2016

Air France reduced its losses in the first half – Les Echos

So that Air France is facing a new strike next week is expected to affect 13 % of its flights, the Air France-KLM group announced Wednesday morning it had reduced its net loss in the first half. It reached 114 million euros against 638 million a year ago, according to figures released Wednesday. However, an improvement that comes as the airline group reported a deterioration in unit revenues in the second quarter because of the context in Europe since the attack against the Brussels airport late March and overcapacity in the market.

concrete sales recessed spring of 2.6% in the first half to 11.82 billion euros, down 5.2% 6.22 billion euros in the second quarter. “Over the past six months, the savings on the fuel bill (858 million euros excluding foreign exchange) were partially offset by pressure on unit revenues (negative impact of 419 million euros excluding foreign exchange) and effect negative currency (negative impact of € 125 million), 37% savings in the fuel bill is well preserved, “explains the group ..

disaffection of Asian customers

the operating result rose in the green in the first half to 218 million euros against a loss of 238 million in the first half of 2015.

However the future is far from rosy. If the group in a statement said that “the global context in 2016 remains highly uncertain in the light of geopolitical and economic environment (…) resulting in increased pressure on unit revenues with particular concern about the destination France”, the CFO Pierre-François Rocciali is not very optimistic about the expected revenue this summer.

“Our reservations coefficients are lower than last year. We filled our late on July, but by degrading the recipe and it is always late on August, “he has indeed told reporters. “It’s a fine pilot. It’s pretty easy to fill planes: just lower prices. The goal is to do it while preserving the recipe, “said he detailed.

In case the disaffection of Asian customers. A sharp decline of Japanese customers since the attack against Charlie Hebdo in January 2015, Air France has seen added to the second quarter a decline in attendance of Chinese travelers, noting a 50% drop in group bookings volumes .

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