International News

Air France KLM trims loss, warns of turbulence

PARIS, (APP/AFP) – Air France-KLM announced
Wednesday it had trimmed losses in the first quarter of 2016 but the airline said passenger traffic to Paris had been affected by terror attacks in Europe and it warned of a difficult year ahead.
The Franco-Dutch group warned of doubts over fuel prices, some bloated
routes and uncertainty over the economic and politics.
The carrier enjoyed lower fuel prices but said this was likely to be offset
over the rest of the year by pressure on revenue and by the negative impact of currency swings.
Air France-KLM reported a net loss of 155 million euros ($178 million) in
the three-month period, which was overshadowed by a deadly attack on Brussels airport. The loss compared to a loss of 559 million euros in the same period a year earlier.