Air France-KLM reported a first-quarter net loss of €320 million ($358 million), widened from a €269 loss in the 2018 quarter, and the group’s CEO said investors will receive a strategy update later this year. “As anticipated, the first quarter has been challenging for the European airline industry, including the Air France-KLM group, as substantial industry capacity growth in the off-peak business period led to unit revenue pressure,” CEO Ben Smith said in a May ...

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