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Air France-KLM profits down 60%

August 5, 2008

Passenger numbers rose, however, despite higher fares, by 3.7% in the period.

As airlines cut routes, discuss mergers and increase fares, carriers large and small are struggling to survive.

Air France is currently in talks with French utility firm Veolia to operate rail services in a bid to defray airline costs.

Source: Dinah Hatch TravelMole