Air France-KLM Losses Increase

3:15 AM ET Thu, 8 March 2012

John Strickland, director of JLS Consulting, told CNBC, "they need to take drastic action to turn these losses around, this airline with a government stake can't move as quickly as it would wish precisely because the French presidential elections are coming up. The biggest problem that they face is that their short-haul network is bleeding something between 700-800 million euros."