Dow Jones Newswires: Air France-KLM warns of coronavirus hit as 2019 profit falls

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Air France-KLM said Thursday that profit and operating result fell in 2019, and warned on the effect of the coronavirus for 2020.

The Franco-Dutch carrier AF, -0.82%  reported a net profit of 290 million euros ($313.1 million) in 2019 down EUR130 million from with the same period a year earlier.

Its closely-watched operating result fell 19% to EUR1.14 billion, hit by rising fuel bills and pressure at its Cargo business, while revenue edged up to EUR27.19 billion.

Looking to 2020, Air France-KLM gave a first estimation of the cost of the coronavirus along with its guidance.

Due to flights suspensions to and from China, Air France-KLM estimates that the coronavirus could hit its operating result by EUR150 million to EUR200 million for February to April. It also expects unit revenue to decrease at constant currency in its first quarter because of the health crisis.

Its fuel bills should decrease by EUR300 million to EUR5.2 billion in 2020, it said.

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