Air France-KLM flags ‘uncertainty’ despite cut in first quarter losses

Air France-KLM warned of “increasingly uncertain context” despite cutting first quarter operating losses by €161 million to €328 million due to reduced fuel prices and higher revenues. The improved year-on-year performance came despite a shift in Easter and Ramadan as total revenues rose by 7.7% to €7.2 billion. Passenger carryings were up by 4.5% over…