Signs that the aviation industry is still struggling to recover from the worldwide recession were made stark in the latest figures released by Air France-KLM who have posted a record loss of £1.33 billion. The loss is nearly double the 811m-euro loss reported for the previous financial year. The Dutch airline merged with its rival European counterpart in 2004. The loss is being blamed on huge fall is air traffic, particularly cargo, and the rocketing cost of fuel. The airline also suffered a tragic fatal loss when an Air France Airbus A330 from Rio – Paris crashed in the Atlantic Ocean. Air France-KLM is particularly popular with long haul budget travellers living in the UK regions due to the frequent flights to their Paris and Amsterdam hubs and onwards to the rest of the world.
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