Airline Air France-KLM posted a loss of €1.8bn last year, an increase of €600m on 2012. But turnover rose very slightly to €25.5bn, the airline said on Thursday.
The loss is largely due to a tax write-off of €937m. The airline has also been hit by the impact of the strong euro and currency effects, which added €100m to the losses.
The Dutch side of the operation, KLM, did make a profit this year, the Financieele Dagblad says.
Market conditions remain difficult and the airline is concentrating on making cost savings this year, chief executive Alexandre de Juniac said.
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