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Pilots strike: Air France suffers profit loss by £328m

Pilots strike: Air France suffers profit loss by £328m

PARIS: Air France-KLM has said pilots’ strike caused it £328m loss in operating profit in the third quarter. The airline said operating profit fell to €247m from €641m a year ago.

It added the combined effect of the strike and seasonal dip in fourth-quarter demand would remove €500m from its €2.3b earnings target for 2014. The airline said it will also adjust investments and cut costs in 2015.