Air France raises fiscal year financial forecast

Air France KLM Group raised its financial forecast for its fiscal year ending March 31, 2011 and stated that “given the revenue performance of recent months, together with the current level of forward bookings,” it is now expecting a “positive” operating result except in the case of a major adverse event. At the end of July, the group predicted it would reach breakeven at the operating level excluding the impact of air space closure in April. It estimated the loss ...