Air France-KLM Q3 actually fell within all expectations post downward revision of targets for 2014 in July, and in line with targets but for the €500m cost of the two week pilot strikes in September 2014, broken down by the airline as €330m in lost revenue and €170m of lost forward bookings. Full Year EBITDA looks to be coming in at €1.7-1.8bn – that is €500m off of the 2.3bn revised target set in July. This is actually a good performance given the headwinds of home market economic stagnation which in part is causing significant FX losses that amounted to

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