Operations halted: An Air France aircraft near Air France-KLM headquarters at Roissy-Charles de Gaulle Airport, north of Paris. The airline has opted for bailouts as it faces its worst-ever crisis. — AFP
PARIS: Air France-KLM has warned that demand for air travel will take several years to recover, hammering home the devastation being wrought on the aviation industry by the coronavirus pandemic.
The Paris-based carrier scrapped its full-year outlook yesterday and forecast a “significantly higher” loss in the second quarter than in the first three months of the year. The impact of fuel “over-hedging” drove the first-quarter net loss to €1.8bil (US$1.94bil), according to a statement.
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