Aviation
Air France-KLM to rein in spending as losses widen amid conflict and rising expenses
Its operating loss in the first quarter of the year grew to €489 million
Higher operating expenses pushed operating losses at Air France-KLM higher in the first quarter of the year and spurred the carrier to announce a hiring freeze for support staff as it seeks to rein in spending.
The ongoing conflict in the Middle East and lower-than-expected revenues at its cargo unit also contributed to the carrier’s operating losses growing from €306 million in the same period a year earlier to €489 million in the first three ...