Air France-KLM's operating loss increased to 1.18 billion euros from 815 million in the first quarter of 2020, which was only partially affected by the onset of the pandemic. Revenue fell 57% to 2.16 billion euros.
Air France-KLM is seeking shareholder approval this month to raise more equity and hybrid capital, in a process its CFO said would see debt and state support "gradually transformed into market-credible products" as the outlook improves. The quarterly numbers beat the 2.07 billion in revenue and 1.31-billion-euro operating loss expected by analysts, according to the median of 12 estimates in a company poll.
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