Airline announces €809m loss

Air France-KLM posted an €809m net loss for 2011 in what the company acknowledged was a “tough year” for the carrier squeezed by volatile fuel prices, political upheaval and a struggling global economy.

The Franco-Dutch airline said today that it posted a 4.5% increase in revenue to €24.7bn, but that increase was not enough to offset the high cost of jet fuel.