PARIS--Franco-Dutch airline group Air France-KLM (AF.FR) will
continue to cut costs after it managed to trim losses in the second
quarter, it said Friday.
Despite negative foreign-exchange affects Air France-KLM cut
operating costs 3.8%. It spent 5.6% less for fuel and 3.4% for
employee costs.
Second-quarter net loss was 6 million euro ($8.1 million)
compared with 158 million euro loss in the same period a year ago.
Revenue fell to 6.45 billion euro from 6.54 billion euro. Currency
swings chopped 168 million euro from sales revenue.
"Despite a tough operating environment the Air France-KLM Group
maintained the momentum of its recovery in the first half of 2014,"
Chief Executive Alexandre de Juniac said in a statement.
In the first half of the year net loss narrowed to 614 million
euro compared with 799 million euro.
Europe's largest airline by traffic has suffered losses on
short- and medium-haul routes because of competition from discount
carriers.
Earlier this month it lowered expectations for the year
following weak bookings.
Write to Inti Landauro at inti.landauro@wsj.com
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