Air France-KLM raises full year targets

Air France-KLM has bounced back into profit in its second quarter and has raised its financial targets.

The carrier recorded a net profit of €290 million in the June-September period after a loss of €147 million a year earlier. Sales rose by 18.6% to €6.64 billion.

The global recession forced the carrier into severe capacity cutbacks and cost-cutting on short- and medium-haul flights last year.

The airline is now looking to an operating profit of more than €300 million in its financial year to March 2011.


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