Air France reported a 1.7% drop in first-quarter sales but forecast a narrower-than-expected decline in profit in the period as the carrier moves to reduce operating costs. Turnover in the three months to June 30 came in at EUR 3.315bn, down 1,7% compared to the same period 2001. It also reported a 2.8% decline in July passenger traffic from a year earlier and a fall of 3.6% in its load factor, a...