TOULOUSE: Air France-KLM Group reported a 35% earnings increase for 2016 and said it will boost passenger capacity this year in an effort to win back the initiative in the lucrative long-haul market.
Operating profit increased to 1.05 billion euros (US$1.1bil) from 780 million euros in 2015, helped by a lower fuel bill and productivity gains at Dutch arm KLM, Europe’s biggest airline yesterday. Analysts had predicted a figure of about 950 million euros, based on eight estimates compiled by Bloomberg.
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