Air France-KLM reverses losses in 1H
Air France-KLM saw a turnaround in its financial results in the 2017 first half, delivering a group net profit of E151m (US$176.8m), reversed from a loss of E114m in the same period a year ago. First-half revenue rose 4.2% year-over-year to E12.3b, up from E11.8b in 1H 2016. “In a context of solid traffic growth and enhanced unit revenue trend, Air France-KLM delivered improved operating income and operating free cash flow,” Air France-KLM chairman Jean-Marc Janaillac said. “Over the period, the group continued to execute on its strategic priorities of growing revenues and improve competitiveness. The agreement reached with Air France pilots in July allows the Group to launch the creation of [lower-cost mid- to long-haul subsidiary] Joon in line with the original schedule.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-31/sky/air-france-klm-reverses-losses-in-1h
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Air France-KLM reverses losses in 1H
Air France-KLM saw a turnaround in its financial results in the 2017 first half, delivering a group net profit of E151m (US$176.8m), reversed from a loss of E114m in the same period a year ago. First-half revenue rose 4.2% year-over-year to E12.3b, up from E11.8b in 1H 2016. “In a context of solid traffic growth and enhanced unit revenue trend, Air France-KLM delivered improved operating income and operating free cash flow,” Air France-KLM chairman Jean-Marc Janaillac said. “Over the period, the group continued to execute on its strategic priorities of growing revenues and improve competitiveness. The agreement reached with Air France pilots in July allows the Group to launch the creation of [lower-cost mid- to long-haul subsidiary] Joon in line with the original schedule.” <br/>
