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.
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