Losses worsen for Air France-KLM

Air France-KLM says its losses mounted sharply in the first quarter compared with a year earlier, when earnings were boosted by a gain in the value of oil price hedging contracts the airline uses to manage its fuel costs.

Losses worsen for Air France-KLM
Fri, 03 May, 2013 - 09:31

Air France-KLM says its losses mounted sharply in the first quarter compared with a year earlier, when earnings were boosted by a gain in the value of oil price hedging contracts the airline uses to manage its fuel costs.

Air France-KLM says it lost €630m in the January-March quarter, compared with a loss of €379m a year earlier.

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