Difficult first quarter for airline Air France-KLM

Higher fuel costs and a drop in cargo shipments helped airline Air France-KLM to make a €368m loss in the first quarter of 2012. Revenue was up 6% at €5.6bn.

The number of passengers using the French-Dutch airline’s services rose 5.5% and the occupancy rate rose to 81% but this was not enough to offset the impact of higher fuel costs, the company said in a statement on Friday.

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