Air France-KLM reports net loss in 3rd quarter
Air France-KLM reported Wednesday a net loss of euro295 million ($406 million)in the fiscal third quarter as a record drop in passenger traffic last year offset the airline’s efforts to trim costs and cut capacity.
Europe’s largest airline said revenue continued to fall in the three-month period ending December 31, but cost cuts helped bring down its losses from the euro508 million it posted in the year earlier period. It was the Paris-based carrier’s fifth straight quarter loss, as the air travel industry continues to struggle from the global economic downturn.
Revenue fell 16 percent to euro5.2 billion in the quarter as both the airline’s passenger and cargo operations continued to lose money.
Passenger operations reported a 4 percent drop in traffic in the period, while the cargo business saw traffic fall 14.4 percent, Air France-KLM said in a statement. [Read the full article]
CKF Bancorp, Inc. (OTCBB:CKFB – News), parent company of Central Kentucky Federal Savings Bank, announces that its Board of Directors has declared a semi-annual cash dividend of $ .01 per share, payable on February 12, 2010, to shareholders of record as of February 10, 2010.
William H. Johnson, President and Chief Executive Officer of the Company, stated that the Board of Directors determined that the payment of this dividend was appropriate in light of the Company capital position and financial condition. Though the Company remains well capitalized as defined by regulation, the Board deems it prudent given the banking industry current economic condition to preserve capital by paying a minimal dividend.
Central Kentucky Federal Savings Bank’s main office is located at 340 W. Main Street, Danville, Kentucky. [Read the full article]
United Community Financial Corp. (NASDAQ: UCFC – News), holding company of The Home Savings Loan Company, is announcing its participation at the ABA Community Bank Investor Conference 2010.
The conference will be held February 17-18, 2010 at The Westin New York at Times Square Hotel in New York City. Douglas M. McKay, UCFC Chairman of the Board and CEO, and James R. Reske, Chief Financial Officer of UCFC, are scheduled to make an investor presentation on February 18th beginning at 10:00 AM Eastern Standard Time. The presentation, which is expected to take approximately 25 minutes with 5 minutes being allotted afterwards for questions, will also be available at www.ucfconline.com beginning February 18, 2010. [Read the full article]
Meta challenged financial institution clients to submit stories of how they were able to help an individual or group by placing a custom large Gift Card order. The winning “Best Experience Story Challenge” story was submitted by Donna Gross of Hartford Savings Bank, Hartford, Wisconsin.
Meta would like to applaud Donna Gross of the Hartford Savings Bank. Donna identified the needs of the Slinger High School Marching Band (SAMBA) in Slinger, Wisconsin as they were preparing to take a trip to London, England. Donna looked for ways that she could help, and used the Large Order process to accomplish her goals while driving additional card sales from friends and family in support of the trip. [Read the full article]