This Tuesday, Oct. 23, 2012 photo, shows a Ford Explorer with Goodyear tires in Jackson, Miss. Goodyear reports earnings, Tuesday, Feb. 12, 2013. (AP Photo/Rogelio V. Solis)
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This Tuesday, Oct. 23, 2012 photo, shows a Ford Explorer with Goodyear tires in Jackson, Miss. Goodyear reports earnings, Tuesday, Feb. 12, 2013. (AP Photo/Rogelio V. Solis)
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In this Monday, Jan. 28, 2013 file photo, cars move along an assembly line at the General Motors Fairfax plant in Kansas City, Kan. General Motors releases its fourth quarter of 2012 financial earnings, Thursday, Feb. 14, 2013. (AP Photo/Orlin Wagner, File)
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FILE - Ford Motor Company's logo is shown atop its world headquarters in Dearborn, Mich., in this June 5, 2003 file photo. Ford's net income fell from $13.6 billion in the same quarter last year, but that figure included a big accounting-related gain it was announced Tuesday Jan. 29, 2013. Without that gain, Ford's earnings were up from $1 billion in the fourth quarter of last year. (AP Photo/Paul Sancya)
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British Prime Minister, David Cameron, gestures as he speaks to the assembly of the 43rd Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, Thursday, Jan. 24, 2013. (AP Photo/Michel Euler)
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This Tuesday, Oct. 23, 2012, photo, shows a Ford Explorer with Goodyear tires in Jackson, Miss. Goodyear Tire & Rubber Co. said Friday, Oct. 26, 2012 that its third-quarter net income fell by nearly one-third as lower tire sales in Europe offset cost savings and higher North American profits. The company's results fell short of Wall Street expectations, and it said in a statement that more cost cuts are coming because of economic uncertainty. (AP Photo/Rogelio V. Solis)
Job cut costs swell 2012 loss at Air France-KLM
PARIS (AP) — Costs associated with cutting jobs, higher fuel prices and weakness in Europe have combined to swell losses at airline
Air France-KLM.
The Paris-based company says Friday it made a net loss of €1.13 billion ($1.49 billion) in 2012 from €809 million the year before. However, it says it performed better at the operating level, trimming losses to €300 million from €353 million as it made more revenue from each seat, particularly on North American routes.
The Franco-Dutch airline, which is one year into a three-year turnaround plan, says it is hoping to strengthen its position this year by paying down debt and reducing staff costs further.
Air France-KLM is struggling to compete against low-cost carriers and has said it expects to cut about 5,000 people in its workforce of 49,000.
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