Air France-KLM will need to raise up to €2bn in 2022 – report

Franco-Dutch airline group Air France-KLM will need to raise additional capital of between €1 billion and €2 billion in 2022 to weather the downturn in air travel caused by the Covid-19 pandemic, Les Echos reported on Thursday.

The paper reported that this would likely not be the last capital issue as the airline would need another €4 billion-€6 billion to remain a top industry player.

The airline has already received more than €14 billion in support from the French and Dutch governments since the start of the Covid crisis.

A spokesman for the group could not immediately be reached.

Cathay Pacific Airways cuts cargo capacity to 20% of pre-pandemic level

---

Sizing up Elon Musk’s new plant and semiconductor supplies

---

Knock airport handled 175,000 passengers in 2021 as Covid hit travel

---

Ryanair flies 9.5m passengers in December

---

In December, Air France-KLM redeemed €500 million from an earlier French state loan issued to help the airline cope with the fallout from the pandemic, and said it could also raise new equity.

– Reuters