Air France-KLM reports a full-year loss

Air France-KLM has posted a full-year net loss of €198 million. The airline group has been impacted by the 14-day strike last September, which cost €425million, a sluggish economic environment and negative foreign exchange effects. Still, the €198 million loss was a marked improvement on a €1.2 billion net loss for 2013. “The full year 2014 results speak for themselves: Despite the challenging economic and competitive context, once corrected for the impact of the Air France pilot strike, EBITDA is up by more than 50% in three years,” Air France-KLM chairman and CEO Alexandre de Juniac said. Long-haul overcapacity contributed