Air France-KLM profit falls 26% to 775 million due to oil prices

Air France-KLM reported a 26% drop in net profit to €775 million due to rising oil prices, despite a 7.5% increase in revenue to €26.7 billion. The airline carried 80.3 million passengers, a 2.7% increase, with an occupancy rate of 87.5%. KLM announced a restructuring affecting 5,000 jobs to cut costs, with CEO Marjan Rintel warning that the airline's future is uncertain. The restructuring includes transferring jobs and increasing productivity by 8% by 2028. KLM aims to improve operational results to between €1 billion and €1.4 billion annually, while renewing its fleet to better meet demand.