Air France-KLM losses widen as fuel costs rise

[mhm]

Air France-KLM, the Franco-Dutch airline, says it made a big loss in 2012, blaming sharply rising fuel costs and trouble with its cargo business.

Net losses increased 47% to 1.19bn euros (£1bn; $1.57bn), after a 471m-euro restructuring charge and a 890m-euro increase in its fuel bill.

But operating losses fell to 300m euros, from 353m euros the year before.
http://www.bbc.co.uk/news/business-21544331