China News Agency, Paris, February 18 (Reporter Li Yang) Air France-KLM (Air France-KLM Group), headquartered in France, announced the 2020 full-year financial report on the 18th local time.
Due to the severe impact of the new crown pneumonia epidemic, Air France-KLM has a net loss of 7.1 billion euros in 2020.
Air France-KLM CEO Benjamin Smith said on the same day that Air France-KLM suffered "the most severe crisis test in the history of the air transport industry" in 2020.
He said that Air France-KLM made up for the decline in flight bookings by adjusting flight schedules and increasing cargo traffic.
Smith said that Air France-KLM has received the support of the French and Dutch governments and is currently seeking to reduce costs, secure the cash chain and continue its transformation plan.
He said that air carriers look forward to large-scale COVID-19 vaccination and the reopening of borders between countries, and the situation of the air transport industry is expected to improve in 2021.
Air France-KLM’s 2020 financial report shows that Air France-KLM’s turnover for the year fell 59% compared to 2019 to 11.1 billion euros; net debt rose to 11 billion euros, an increase of 4.9 billion euros from 2019; the number of passengers dropped by 67 % To 34 million people.
In addition to the impact of the epidemic, the loss caused by the pre-purchase of aviation kerosene by Air France-KLM in 2020, the expenses of restructuring, the end of the operation of Airbus A380 passenger aircraft and the retirement of the fleet have all caused the group's losses to soar in 2020.
Air France-KLM will lay off 10% of its workforce in 2020, or 8,700 full-time positions; Air France-KLM plans to lay off another 6000 employees in the "next years".
Air France-KLM expects that the continued existence of travel control measures will make the first quarter of 2021 still full of challenges.
Air France-KLM has received financial support from France and the Netherlands in 2020, and the group is discussing a new support plan with the European Union.