Air France-KLM Q1 results

Air France-KLM reported Q1 revenues of €5.65bn, up 1.8% over the same period last year. The airline group reported an EBITDA loss of €21 million, an improvement of €29 million compared to the year-ago period. The Passenger network had the largest contribution to the improvement of EBITDA, up €58 million, whereas cargo EBITDA decreased by €30 million. At €85 million, maintenance achieved a good performance on EBITDA level, up €9 million. The group posted an operating loss of €417 million, an improvement of €109 million euros on a like-for-like basis. There was a net negative currency impact of €81 million