One of Europe's largest airline Air France- KLM has posted a wider first quarter operating loss. Air France-KLM sales are showing little sign so far of the travel recovery it still hopes to see by summer, with the group also confirming it's intention to raise more capital within months.

World Business Watch: Air France-KLM falls further into red as European recovery lags

The French government has reached the outline of a deal with the European Commission on a state-backed refinancing package to help strengthen Air France-KLM’s balance sheet.

World Business Watch:  Reports say France, Brussels agree on Air France-KLM refinancing

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World Business Watch: Air France-KLM falls further into red as European recovery lags

World Business Watch: Reports say France, Brussels agree on Air France-KLM refinancing