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>> AIR FRANCE Latest News

JUL 08, 2014 - Yahoo! News

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Air France warns on profit as overcapacity hits prices

By Andrew Callus and Tim Hepher PARIS (Reuters) - An Air France-KLM profit warning bruised European airline shares on Tuesday, as the latest evidence of overcapacity set the stage for possible further job cuts. Europe's second-largest traditional network carrier warned its 2014 profits could be as much as 12 percent lower than previously predicted, mainly as a result of overcapacity and resulting weak prices in both the passenger and cargo sectors. Shares in the Franco-Dutch group fell more than five percent to 8.9 euros in early trading, reaching their lowest level since late February ... Read More

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