Showing posts with label long-haul routes. Show all posts
Showing posts with label long-haul routes. Show all posts

Tuesday, 8 July 2014

Air France-KLM shares hit by profit warning

Shares in Franco-Dutch airline group Air France-KLM fell over 5% on Tuesday after it issued a profit warning.
The firm said that it expected rising competition from other airlines on long-haul flights, weak cargo demand, and currency restrictions in Venezuela to hit its earnings.
Air France-KLM revised its yearly earnings forecast down from 2.5bn euros to between 2.2 and 2.3bn euros.
The warning came just weeks after a