Air France-KLM profit tumbles 96% on charges, fuel
Air France-KLM profit tumbles 96% on charges, fuel November 20th, 2008 LONDON (MarketWatch) — Air France-KLM said fiscal second-quarter net income dropped 96% to 28 million euros ($35 million), while revenue rose 3% to 6.69 billion euros. The airline took a 438 million euro charge relating to a change in the value of hedging instruments, and the year-earlier quarter included gains of 212 million euros from selling its Amadeus stake. Excluding one-time items, its profit would have dropped 49
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