Despite what it called its responsiveness to unprecedented conditions in the second half of its fiscal year ended March 31, Air France KLM Group incurred its first loss since the 2003 merger, an €814 million ($1.1 billion) deficit that compares to a €756 million profit in 2007-08. Its operating loss amounted to €129 million, reversed from a €1.41 billion operating profit the prior year. "The financial year 2008-09 was one of contrasting halves, with a resilient ...

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