Its tough out there..........
Air France posts Q1 loss of euro426 million
PARIS — Air France-KLM on Thursday reported a bigger-than-expected net loss of euro426 million ($598 million) in the three months through June as premium class travel and its cargo business continued to take a battering.
The loss announced by Europe’s biggest airline group in its fiscal first quarter compares with a euro168 million profit a year earlier.
Singapore Airlines swung to a net loss of S$307 million ($212 million) during its fiscal first quarter, its first quarterly loss since the SARS crisis in 2003.
The net loss for the three months ended 30 June was in contrast to a S$358.6 million net profit a year before. It recorded an operating loss of S$319 million for the first quarter, against an operating profit of $343 million in 2008
But well done to ..............
Germany's leading airline, Lufthansa, reported disappointing results Thursday in response to a global travel slump and pledged to cut costs sharply.
The latest figures made the carrier's full-year target of an operating profit harder to reach but it nonetheless maintained the forecast.
"a net profit of 40 million euros (56 million dollars) in the second quarter of 2009, down 88.1 percent from a year earlier but much better than analyst forecasts for a loss of 18 million euros.
T'bug