Air France-KLM records massive loss induring pandemic-hit year

Αssociated Press  reports from Paris that Air France-KLM plunged to a 7.1 billion euro ($8.5 billion) loss in 2020 as the global pandemic grounded planes and halted travel plans worldwide causing a 67% slump in passenger numbers at the French-Dutch aviation giant.

The year 2020 “tested the Air France-KLM Group with the most severe crisis ever experienced by the air transport industry,” CEO Ben Smith said Thursday. 

Both the French and Dutch governments pledged billions in support last year to help the carriers survive the brutal downturn in air traffic caused by the coronavirus.

Smith said the carriers now are looking for an improvement in 2021 “as soon as vaccination is deployed on a large scale and borders once again reopen.”

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