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Europe’s biggest airline, Air France-KLM, admits that it may have been a little too cautious in its profit predictions for the year, and analysts agree. For the first-quarter, ending June 30, the airline said that its operating profit hit 26 million euros. This does not include the 158 million euros the volcanic ash cloud cost the carrier, but the result is strong compared to the period a year earlier when the airline announced a loss of 496 million euros. Air France-KLM said the better than expected performance was mainly due to a return of the business traveller and an increase in [...]