Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- Mission-critical Apps in the Cloud
- Mobile Device Management
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
Job cut costs swell 2012 loss at Air France-KLM
Friday - 2/22/2013, 11:20am EST
PARIS (AP) -- Costs associated with cutting jobs, higher fuel prices and weakness in Europe have combined to swell losses at airline Air France-KLM.
The Paris-based company says Friday it made a net loss of EUR1.13 billion ($1.49 billion) in 2012 from EUR809 million the year before. However, it says it performed better at the operating level, trimming losses to EUR300 million from EUR353 million as it made more revenue from each seat, particularly on North American routes.
The Franco-Dutch airline, which is one year into a three-year turnaround plan, says it is hoping to strengthen its position this year by paying down debt and reducing staff costs further.
Air France-KLM is struggling to compete against low-cost carriers and has said it expects to cut about 5,000 people in its workforce of 49,000.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.