Air France-KLM posts €368m loss

Air France-KLM posted a first-quarter net loss of €368m today, saying that high fuel costs and a continued drop in cargo had cut into its profits.

The Franco-Dutch airline said revenue grew 6% to €5.6bn, but that was not enough to offset the continued slide in the income column. The group made a net loss of €367m in the first quarter of last year.