Air France-KLM recorded a profit of €118 million ($130.8 million) for 2015, reversed from a loss of €225 million for the preceding year. But taxes, low-cost competition, airspace congestion and recent terrorist attacks continue to make the European air transport industry a tough business, particularly for the legacy carriers. Despite that, and while Air France continues its cost restructuring efforts, KLM has made progress with its labor costs and is expanding its network and ...

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