Crisis hits including Air France-KLM hard

Growth of the world economy falters and there has also Air France-KLM lot of burden. Unlike many competitors knew the Franco-Dutch airline in the past six months over from the red to continue. However, profit significantly compared to last year. Air France-KLM posted in the first half of its fiscal year broken a net profit of 196 million euros, against 1.15 billion euros a year earlier. That figure is more like a write-fuel options of 361 million euros processed. Without non-recurring items profit was 385 million euros, almost half less than last year. In order to absorb price buys Air France-KLM strategic fuel in the longer term. That offered protection when oil prices rose strongly, as in the past summer when a record of 147 dollars per barrel was reached, but in the current situation with a sharp drop in oil prices earlier disabilities. The company looks at whether its fuel policy to adapt to market conditions. Satisfied top Despite the sharp profit decline, the top of Air France-KLM satisfied. Operations Director Pierre-Henri Gourgeon, who in January CEO Jean-Cyril Spinetta, the latter said the results, significantly, given the difficult economic circumstances''. The company expects profit in the year to close, although its growth has had to significantly adjust downwards. Spinetta himself stressed that his company the deteriorating economic climate better than the main offers many competitors. ,, Air France-KLM is on the squad'', he said. ,, We have everything in the house for stronger from the current crisis and to put less affected than our competitors.''He pointed to include the strong network of Air France-KLM, which operates many different markets. Austerity Air France-KLM savings this year or 260 million euros extra to keep it. To execute a more cautious and personnel, the purchase of new computers and vehicles from. ,, Al, I realize that we contribute to the misery''said KLM CEO Peter Hartman. ,, It is not the first crisis, a special''said Hartman. But he said that the malaise also offers opportunities for Air France-KLM. ,, Others to fall, that opens opportunities for us.''