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European airline major Air France-KLM reported a fourth-quarter loss of €256 million ($278 million) on Thursday, compared to the prior year’s profit of €496 million. The company, which includes low-cost brand Transavia, said the latest results were impacted by the geopolitical situation in the Middle East and an increase of the unit cost, although that was partly compensated by a lower jet fuel price. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 24% to €601 million from €786 million. In the fourth quarter, revenues were up 3.9% to €7.41 billion from last year’s …

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