TOULOUSE: Air France-KLM Group announced its first annual operating profit since 2010, beating analyst estimates as fuel costs fell and terrorist attacks in Paris failed to hold back fourth-quarter earnings. It said a pay deal with pilots is still crucial to remain competitive when the oil price rises again.
Shares of Europe’s biggest carrier rose the most in five months after it posted earnings before interest and tax of 816 million euros (US$908mil) for 2015, compared with a year- earlier loss of 129 million euros.
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