Photo: Courtesy, Michael Lindner, Air France. Boosted by a €1.03 billion capital gain from the sale of its 23.1% stake in Amadeus, Air France KLM Group posted a net profit of €736 million ($953 million) for its fiscal first quarter ended June 30, reversed from a €426 million deficit in the year-ago period. In addition to the gain from the Amadeus IPO (ATW Daily News, April 15), the company cited a “strong recovery” in both passenger and cargo traffic, with ...

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