Air France: 3.7% rise in quarterly sales
(CercleFinance.com) - Group sales amounted to E9bn in Q3, up 3.
7% y-o-y.
Unit costs were up +3.4% on 2023, 'impacted by continued higher cost levels for personnel, operations and maintenance at KLM, it says.
In Q3 2024, capacity in Available Seat Kilometers (ASK) rose by 3.4% y-o-y.
Air France-KLM welcomed 27.9 million passengers in Q3 2024, 3.5% more than the previous year. Capacity increased by 3.6% and traffic by 3.1%.
Operating income stood at E1,180m, with an operating margin of 13.1%. Operating income was similar to the previous year, excluding the 160 ME impact of the Olympic Games on revenues, as the group points out.
It forecasts capacity in Available Seat Kilometers for the Air France-KLM Group, including Transavia, will increase by 4% in 2024 compared with 2023. For 2024 as a whole, the group expects unit costs to rise by around +3% compared with 2023 (previously +2%).
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7% y-o-y.
Unit costs were up +3.4% on 2023, 'impacted by continued higher cost levels for personnel, operations and maintenance at KLM, it says.
In Q3 2024, capacity in Available Seat Kilometers (ASK) rose by 3.4% y-o-y.
Air France-KLM welcomed 27.9 million passengers in Q3 2024, 3.5% more than the previous year. Capacity increased by 3.6% and traffic by 3.1%.
Operating income stood at E1,180m, with an operating margin of 13.1%. Operating income was similar to the previous year, excluding the 160 ME impact of the Olympic Games on revenues, as the group points out.
It forecasts capacity in Available Seat Kilometers for the Air France-KLM Group, including Transavia, will increase by 4% in 2024 compared with 2023. For 2024 as a whole, the group expects unit costs to rise by around +3% compared with 2023 (previously +2%).
Copyright (c) 2024 CercleFinance.com. All rights reserved.