Air France-KLM reported earnings of €316 million for the fourth quarter of 2014

as the carrier continued to feel the effects of a 14-day pilot strike in September. The strike cut about €95 million from the company's earnings during the quarter. Total passenger revenues during the quarter increased 0.3 percent year over year to €4.86 billion. Capacity declined 0.2 percent, traffic increased 0.7 percent and the company's load factor increased 0.7 percentage points to 83.2 percent. Revenue per available seat kilometer declined 0.7 percent, and cost per available seat kilometer increased 0.3 percent. For the full year, Air-France KLM reported a loss of €198 million, compared with a loss of €1.82 billion in 2013. Executives said they plan to scale back investments by €300 million per year during the next two years.