Air France warns on fuel prices

Shares in Air France KLM have fallen almost 9% after the warned fuel prices would hit its profits this year.

The group reported pre-tax profits of 1.15bn euros ($1.81bn;

It reported operating profits of 1.41bn euros, but predicted that it would make only 1bn euros in the coming year.

Air France KLM also blamed the slowdown in the US economy for damaging its outlook for the current year.