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Air France-KLM Returns To Profit

Air France-KLM returned to profit in 2015, helped by a drop in its fuel bill and growth in passenger traffic.

The carrier had an operating profit of EUR€816 million (USD$909 million), compared with a loss of EUR€129 million in 2014.

The airline forecast a reduction of between 0.8 and 1.2 percent in unit costs, "further significant net debt reduction" and free operating cash flow generation after disposals of between EUR€0.6 billion and EUR€1.0 billion in 2016.

(Reuters)