Air France-KLM Group reports profit as 2022 revenues soar
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Loading... - Isabella Borja
- 20 Feb 2023
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Air France-KLM Group has reported a return to profit for 2022, along with its highest fourth-quarter revenues in history.
The airline group flew 83.3 million passengers last year, which was 86.5% above the number reported in 2021.
Net income was €728 million, compared to a loss of more than €3 billion in 2021.
Group revenues for 2022 were €26.4 billion, up 84% year on year, driven by an increase in capacity, load factor and passenger yield.
In Q4 2022, revenues were up 47% year on year to €7.1 billion, – a record level, “despite a difficult context”, said the airline group.
Benjamin Smith, group chief executive, said: “Throughout 2022, Air France-KLM once again demonstrated its resilience and agility in a context of unprecedented crises.
“In spite of the Omicron strain, the war in Ukraine, the inflationary situation and the operational disruptions at major international airports last summer, our group and its airlines were able to successfully capture a strong demand for travel.
“On the financial side, we successfully undertook major operations to both restore our equity and consolidate our balance sheet while continuing to pay back the state aids we received.
“All the while, we moved forward with our transformation efforts at every level of our group to emerge stronger and more efficient from the pandemic as a leader of sustainable aviation. Read More…
