The financial situation turns grimmer at Air France-KLM (AFLYY.PK) with its net debt widening by...

|About: Air France-KLM ADR (AFLYY)|By:, SA News Editor

The financial situation turns grimmer at Air France-KLM (AFLYY.PK) with its net debt widening by €2B ($2.61B) to €6.5B ($8.48B) last year. The carrier is postponing delivery on jets from Boeing and Airbus, as well as overhauling operations in a desperate bid to cut costs to the bone.