Air France-KLM announced it has beaten its own profit forecasts for the first quarter following a boom in travel bookings. In the three months ended 31 March, the French-Dutch power house posted a €221m (£188m) ebitda, a 135 per cent increase on last year's losses worth €628m. Despite taking a hit as a result of the ongoing impact of both the pandemic and the war in Ukraine, Air France-KLM said it has managed to soften the blow to its earnings after it hiked its fares. "In spite of a challenging context, the group posted once again a positive ebitda and recorded strong bookings for the following quarter," said chief executive Benjamin Smith. "This paves the way for a successful summer season."

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