Giuseppe Sandro Mela.
2020-10-02.
«Bailout insufficient for Air France-KLM»
«$11.7B bailout package to last less than a year»
«the €10 billion ($11.7 million) aid package given to the beleaguered carriers by the French and Dutch governments will sustain them for less than a year.»
«The Franco-Dutch airlines suffered just under €4.5 billion ($5.3 billion) in losses during the first two quarters of 2020 alone»
«Air France pledged to cut an estimated 7,600 positions and KLM an estimated 5,000»
«Air France-KLM announced last month that they were they were losing €10 million ($11.75 million) per day due to the pandemic»
«Air France is 14% owned by the French government, who had already given the airline €7 billion ($8.22 million) in aid this year. KLM is equally owned by the Dutch government and has given assistance to that carrier so far this year in the amount of €3.4 billion»
«Air France suffered a 70% fall in revenue in August as its international network operated at around 30% of full capacity»
«The survival of the airlines is not a given»
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«Millions fly with China’s Airlines as pandemic drags on others.»
«The world’s harried airline bosses will look enviously to China this week as millions of people take to the skies for national holidays, helping Chinese carriers push even further ahead in their recovery from the pandemic»
«More than 15 million people are due to fly over the period, a 10% increase from last year. More than 15 million people are due to fly over the period, a 10% increase from last year»