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KLM cuts flights after profits warning

KLM is cutting flights between Aberdeen and Stavanger,
Norway, after warning it will report a loss this year due to poor economic
conditions and high oil prices.

The Dutch flag carrier had been expected to report an
operating profit, but it is now saying this is unlikely despite recording a
year-on-year increase in transatlantic traffic for December.  

The company said: “During the quarter ending
December, the industry has experienced adverse changes in the operating
environment.”

All passengers booked onto
future Aberdeen to Stavanger services will be offered a refund or the
opportunity to fly on the Braathens service between the two destinations.

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