Air France-KLM (AKH) posted another month of declining passenger traffic, joining British Airways. Shares in Air France-KLM fell 2.1% yesterday on the news that this was the sixth consecutive month where passenger numbers were down. The number of passengers carried fell 7% to 6.4 million and the load factor, a measure of how full an airline's planes are, slipped to 80.3% from 81.4%.
The short base for Air France-KLM (as measured by Percent Shares Outstanding on Loan) has risen 22% over the past month and now stands at 9.07% below the 52 Week high of 10.58% which was hit on June 24th 2009. The short base for Air France-KLM is higher than other European airline companies; British Airways (5.5%), Deutsche Lufthansa (2.7%) and Austrian Airlines (0.1%).