Tougher Covid-19 travel curbs push Air France-KLM deeper into the red

Renewed Covid-19 lockdowns pushed Air France-KLM deeper into the red as it chalked up a €7.1 billion ($8.5bn) net loss for 2020 and postponed a key mid-term profitability goal, the airline group said on Thursday.

The airline group expects to fly 40 per cent of its pre-crisis capacity in January-March, as tougher travel curbs in France and beyond widen losses from the €407 million in negative earnings before interest, taxes, depreciation and amortisation recorded in the fourth quarter.

The past year has “tested the Air France-KLM Group with the most severe crisis ever experienced by the air transport industry,” chief executive Ben…

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