Air-France-KLM has announced it is to axe a further 1,700 jobs in 2010, due to disappointing second quarter results.

In its second quarter results, airline Air France-KLM has announced it is to cut 1,700 jobs in 2010 after making a substantial net loss between July and September.

Air France-KLM states that unit revenues and business traffic continues to be impacted by the recession.

In the three months to 30 September, Air France-KLM made a net loss of €147 million (£131m), compared with the €27m loss made in the same period a year earlier.

The airline has adopted several cost reduction methods in a bid to counteract the effects of the global recession. Earlier this year, Air France-KLM already announced the axing of 3,000 positions in the year to 31 March 2010.

The company will ask 1,700 employees to take a voluntary redundancy, which will be effective in 2010.

Pierre-Henri Gourgeon, CEO of Air France-KLM, commented on the results: “Lack of visibility over the timing and strength of the economic recovery means we must pursue our efforts in terms of cost reduction.

“Our objective is to return to operating break-even, excluding the impact of the pre-2009 fuel hedges, by the beginning of the next financial year.”