Air France cuts losses to €248m on less travel restrictionsEuropost
The lifting of travel bans and restrictions related to pandemic helped Air France - KLM to reduce its losses in the middle of 2021. As most European nations eased travel restrictions the transport sector is finding solid ground to spur its recovery, Reuters elaborated. The French-Dutch carrier announced positive second quarter results which proved smaller losses and raising cash from operations.
"Obviously the first quarter was terrible and probably even more so for KLM due to the very specific measure of double testing," Pieter Elbers, head of the group's Dutch unit, said referring to a requirement in the Netherlands for passengers to provide two negative tests on return flights. Air France - KLM posted losses before interest, tax, depreciation and amortisation of 248 million euros for the quarter - marking a 532-million-euro improvement from heavy losses a year earlier when the pandemic had triggered global lockdowns. "In the second quarter we see a significant improvement. We see the numbers picking up even within the second quarter, June was better than April and in July, the first week of July, Amsterdam was the busiest airport in Europe," he added.
But he noted that people were still reluctant to travel and called for European countries to reopen the borders. "What we see now is that the uncertainty around the Delta variant, what measures are going to be taken, is of course creating some confusion for customers. That's why European countries need to step up and say 'this is what we are going to do.'"