Have there ever been as many brackets, denoting year-on-year declines, as there will be in airlines’ financial results this year?
And the numbers are big: Air France-KLM has just announced its 2020 results, which make for rather sobering reading.
Its ebitda loss was a mammoth €1.7bn ($2.05bn), on revenues down nearly 60%, at €11.1bn. Net debt is €11bn, up €4.9bn from the end of 2019.
There was, of course, some better news. Cargo …

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Source: The Loadstar