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Air France-KLM reports loss as fuel costs rise

10 May 2012

Airline group Air France-KLM has reported a loss for the first three months of the year, following higher fuel costs and a drop in cargo traffic.

Its first-quarter net loss was 368m euros ($483m;£299m), almost the same as a year before, although revenue rose 6% to 5.6bn euros.

Higher workforce costs because of a 2011 pay rise also affected profits.

source: bbc.co.uk

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