Earnings reports
Volkswagen AG says its net profit increased 41 percent for 2012 to $28.7 billion on a 21 percent rise in revenues. Volkswagen said revenues were up to $254.2 billion.
Air France-KLM said it made a net loss of $1.49 billion in 2012 from $1.07 million the year before. However, it says it performed better at the operating level, trimming losses to $395 million from $465 million as it made more revenue from each seat, particularly on North American routes.