Air France-KLM warns of challenging year ahead

Courtesy Topix - Business News  Thu, 05/22/2008 - 23:52

Air France-KLM said Thursday it expects the coming year to be 'challenging' amid sharply higher oil prices and a sluggish global economy which contributed to a net loss in its fiscal fourth quarter.

Europe's largest airline said in a statement that it lost 542 million euros ($853.81 million) in the three months ending March 31, compared with a profit of 44 million euros a year earlier.

CEO Jean-Cyril Spinetta said the group expects operating profit for the coming...


 

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