Air France's revenue fell 70% in August - CEO -

Air France suffered a 70% fall in revenue in August while filling only about 30% of the seats on its intercontinental routes, its CEO said today. 

The carrier, part of the Air France-KLM group, is still burning through €10m in cash a day but is working to limit losses, CEO Anne Rigail said in an interview published today. 

It has formed a new transatlantic joint venture with Delta Air Lines and Virgin Atlantic, replacing a partnership that also involved Italy’s Alitalia. 

Rigail invited Alitalia, which is due to be nationalised, to join the new group, even if as a second level member. 

“Alitalia is a long-standing partner and we will propose to them to join the joint venture as an associate member. I want to maintain a strong relationship with them,” she said. 

Rigail ruled out an investment in Alitalia but expressed interest in its offer of rapid tests for Covid-19 for passengers flying on certain routes. 

“Before we have a vaccine we could reopen some routes with rapid tests as (Alitalia) is experiencing in Milan and Rome,” she told Italian newspaper Corriere della Sera.