Air France-KLM Posts Wider Q4 Net Loss

Air France-KLM AFLYY posted a wider fourth-quarter net loss. Air France-KLM posted a quarterly net loss of EUR1.18 billion, versus a restated loss of EUR244 million in the year-ago period. Its earnings before interest, taxes, depreciation and amortization climbed to EUR381 million versus EUR281 million. The company's revenue slipped to EUR6.12 billion versus EUR6.26 billion. Air France-KLM shares closed at $12.37 yesterday.