Air France-KLM reports $1 billion loss
AIR FRANCE-KLM today reported a $1 billion loss for 2011, which the struggling airline called a ``tough year'' beset by volatile fuel prices, political upheaval and a lacklustre global economy.
Air France-KLM, the world's biggest airline, warned yesterday that operating profit would fall by about a third this year because of fuel costs, and its shares slumped for a three-day loss of about 16 per cent.