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Air France Shows Signs of Recovery on Improved Bookings, Fares

  • Business fares jump and Asian demand revives from terror spree
  • Group’s first-quarter loss narrows at constant currencies
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Air France-KLM Group showed signs of a turnaround, with ticket-price declines almost halted in the first quarter as bookings increased and business-class fares surged.

The positive demand-trend continued into April, and Europe’s biggest carrier is also benefiting from an increase in cash flow, reduced costs and a declining fuel bill, it said in a statement Thursday. The advances build on an announcement in February that the group would relax capacity curbs and seek to win back long-haul travelers after full-year earnings rose by more than a third.