Shares in Air France-KLM fell almost 6 per cent after the group warned overcapacity on some routes and currency swings would offset most of the gain from lower oil prices this year, prompting it to strengthen cost cuts while easing a key debt reduction goal.
In early trading following the release of lower 2014 core revenue and earnings, shares in Europe’s second-largest traditional carrier were down 4.4 per cent at €7.238.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.