Air France-KLM reports Q1 results

Air France-KLM has posted revenue of €5.55bn for the first quarter of 2013, which is stable on a like-for-like basis but represents a 2.2% decline over the €5.681bn booked in the same period last year. Currencies had a negative €108million impact on revenues, the airline said. Operating costs were reduced by 3.4% and by 2.0% on a constant currency basis. Excluding fuel, costs decreased by 2.3%, and by 1.3% on a constant currency basis. The fuel bill was €1.553bn, a drop of 6.3%, and down 3.5% on a constant currency basis. Total employee costs including temporary staff were down 3.8%