Air France-KLM continues to recover and maintains good prospects for the near future
-
Loading... - Juan Delgado
- 04 Nov 2022
- 54 Views
- 0 Like
- 0 Comment
Air France-KLM reported its financial and operating results for the third quarter of 2022. The company highlighted the «solid results, driven by favourable travel demand and the continued transformation» of the company created by the merger of the largest airlines in France and the Netherlands.
«Thanks to solid preparation and to our agile approach to capacity, Air France-KLM was able to make the most of the strong travel demand this quarter», said Benjamin Smith, the company’s CEO.
The Air France-KLM executive highlighted the improvements in the operation after a difficult start to the year. However, he stressed that the situation remains unsatisfactory at some of the key points for its activity, such as Amsterdam-Schiphol Airport, KLM’s main base of operations.
Smith also praised the strong performance despite rising fuel prices and a general increase in inflation.
Air France-KLM’s key financial and operating results in the third quarter 2022
- Revenues of 8.1 billion euros, 503 million higher than reported in the same quarter of 2019.
- Operating income of 1.024 million euros, an increase of 897 million compared to 2021, with an operating margin 12.6% higher than in the same period of 2019.
- Net revenues reached 460 million euros during the third quarter, an increase of 653 million compared to the same period in 2021.
- The airline’s total capacity already reached 89% of the total available capacity in 2019.
- Air France-KLM carried 25 million passengers in the third quarter, 47.6% more than during the same period in 2021. Read More...
