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Just like Lufthansa (DLAKF), Air France-KLM (AFRAF) has entered a period of stagnation, and it will take years for it to return to its pre-COVID-19 levels. Last week, Air France-KLMreported a net loss of €1.8 billion (~$1.95 billion) in Q1, and Q2 numbers are expected to be even worse. While the governments of France and Netherlands will not let the carrier to go bust due to its national importance to both countries, shareholders shouldn’t expect any returns sometime soon. If the airline was barely making any money in the last