Terrorism has not been ruled out as a cause, although officials say the most likely cause is bad weather.
The black box was recovered from the wreckage, in the Gossi region near the border with Burkina Faso, and is being taken to the northern city of Gao, where a French contingent is based, Hollande told reporters after a crisis meeting with top ministers.
"There are, alas, no survivors," Hollande said. "I share the pain of families living through this terrible ordeal." Nearly half of the passengers aboard the flight were French, many headed on to Europe after arriving in the Algerian capital from the Burkina Faso capital, Ouagadougou.
"There are hypotheses, notably weather-related, but we don't rule out anything because we want to know what happened," Hollande said.
"What we know is that the debris is concentrated in a limited space, but it is too soon to draw conclusions," he added.
Interior Minister Bernard Cazeneuve added, speaking to RTL radio: "Terrorist groups are in the zone. ... We know these groups are hostile to Western interests."
The MD-83 aircraft, owned by Spanish company Swiftair and leased by Algeria's flagship carrier, disappeared from radar less than an hour after it took off yesterday from Ouagadougou for Algiers. The plane had requested permission to change course due to bad weather.
A French Reaper drone based in Niger initially spotted the wreckage, French Transport Minister Frederic Cuvillier told France-Info radio today.
Two helicopter teams also overflew, noting that the wreckage was in a concentrated area. A column of soldiers in some 30 vehicles were dispatched to the site, he said.
"We sent men, with the agreement of the Mali government, to the site, and they found the wreckage of the plane with the help of the inhabitants of the area," said General Gilbert Diendere, a close aide to Burkina Faso President Blaise Compaore and head of the crisis committee set up to investigate the flight.
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