Air France KLM warned that its operating result in the fiscal third quarter ended Dec. 31 "likely" will be negative, although it said the full-year result "should remain positive." "The deterioration in the economic environment during the third quarter has led to a slight weakening in passenger unit revenues and a strong decline in cargo revenue," AF KLM said yesterday, adding that unit costs "were not able to benefit from lower oil prices because of the negative effect of the oil hedges." ...

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