Air Transport World

Air France optimistic after '83 turnaround.

PARIS--Air France made a remarkable financial recovery during fiscal 1983, producing a slim profit equivalent to $9.9 million, compared with a heavy loss of $99 million during 1982. Forecast for the current year is break-even, or a small profit, with passenger traffic up 2% and freight up 6%. The airline's turnaround has been achieved with none of the deep surgery on staff numbers practiced by many of the other big internaitonal airlines, Pierre Giraudet, chairman, noted when the results were presented here. This, he said, had left the fabric of the airline untouched, ready for the economic take-off which would come with the end of the recession.

During 1984 AF will take delivery of three of five Airbus Industrie A310s which it has on order, and in u985 it expects, according to Henri Sauvan, managing director, to make payments for the renewal of its fleet including the 25 Airbus A320s it has on order. AF senior executives with whom ATW spoke here reiterated the importance to the airline of the 150-seat A320, mainly as a replacement for its older Boeing 727s. …

Log in to your account to read this article – and millions more.