Citing sharp declines in volume and unit revenue for both passenger and cargo transport, Air France KLM yesterday announced a €431 million consolidated net loss in its fiscal first quarter ended June 30, a marked deterioration from the €132 million profit earned in the year-ago period. Results were reported on a pro forma basis and include the addition of Martinair, which AF KLM now wholly owns (ATWOnline, Dec. 18, 2008), but exclude its 25% stake in Alitalia (ATWOnline, March ...

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