PARIS - Air France-KLM returned to profit in its last year as rising global economy lifted traffic and helped offset a euro1 billion rise in fuel costs, the airline said Thursday.
Largest airline of Europe by passengers, said in a statement that it made a net profit of the (872 million) million euro613 for the 12 months ending 31 March, in contrast to the net loss of euro1.6 billion a year earlierWhen the global economic crisis hammered goods and passenger traffic.
Air France-KLM has warned that "uncertainties" including the impact long term of the earthquake of the Japan, crises in the Middle East, Africa and the high fuel prices could weigh on its performance this year. The company provides an operating profit higher than the euro122 million it made last year.
Air France-KLM had warned in February that he would miss the improved targeted in its operating profit due to problems of security in North Africa and revenues lower than expected in the fourth quarter by overcapacity by his rivals.
Air fourth-quarter results were hit by the earthquake in the Japan and disorders in the Middle East and Africa. Passenger operations lost euro367 million in the quarter, the airline said, while euro9 million lost cargo activities.
In March, a French judge filed charges of manslaughter against Air France preliminary and constructor of Airbus in connection with the June, 2009 crash of Air France flight 447 of Rio de Janeiro to Paris Jet. The accident killed 228 people and was the worst in the history of Air France. Investigators last month found wreckage of the jet on the Atlantic floor about 4 000 metres down and raised successfully data recorders of flight of the jet, which researchers are now studying in a bid to finally discover what caused the accident.
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