Summary Box: Air France-KLM posts $483M 1Q loss

AP News
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Posted: May 04, 2012 12:23 PM
Summary Box: Air France-KLM posts $483M 1Q loss

BUMPY RIDE: Air France-KLM posted a net loss of (EURO)368 million ($483 million) in the first quarter as high fuel costs and a drop in cargo volume sliced into earnings. The airline lost (EURO)367 million a year ago.

SKY-HIGH FUEL: The fuel bill for the Air France-KLM fleet rose 18 percent to (EURO)1.7 billion.

MORE PASSANGERS: One bright spot was passenger traffic, which was up 5.5 percent, while cargo traffic dropped by 6 percent. Passenger revenue rose 8.8 percent.