Air France-KLM (AFLYY.PK) lost €809M ($1.06B) during 2011 due to high fuel prices and reduced...


Air France-KLM (AFLYY.PK) lost €809M ($1.06B) during 2011 due to high fuel prices and reduced fares, blowing through the estimate by analysts for a loss of €669M by the carrier. The company will only lift capacity by at most 2% and reign in spending over the next 3 years, according to execs. Shares +0.9% in Paris trading, -63% over 52-weeks.

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