Air France-KLM widens net loss

Air France-KLM Group has widened its full year net loss of €809m in 2011 to a loss of €1.2 billion last year. The loss was due to exceptional items, including a €471 million restructuring provision, a €173 million goodwill write-down from the acquisition of VLM Airlines and a €97 million gain from the sale of Amadeus shares. The airline was also hit by €100 million non-cash hit charge due to changes in pension reporting rules. Revenue increased by 5.2% to €25.6 billion and operating expenses rose by a similar amount (4.9%) to €25.9 billion, which caused an operating loss of