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Air France-KLM's market capitalization of 2.3 billion euros ($2.5 billion) is less than a third of the 7 billion-euro worth of Lufthansa, whose stock rose 5.3 percent in 2015 despite labor woes, and barely one-seventh that of IAG, valued at 12.1 billion pounds ($18 billion) after a 26 percent share surge.Analysts estimate, on average, that Air France-KLM – which declined to comment for this article – lost 88 million euros in 2015, compared with net income of 1.38 billion euros at Lufthansa and 1.55 billion euros at IAG, as International Consolidated Airlines Group SA is known.The French carrier already trails 20 percent behind Lufthansa in sales, which totaled 25 billion euros in 2014, compared with 30 million euros at the German carrier.
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