Air France-KLM Q2 operating profit up as growth plans take shape
Air France-KLM posted a Q2 operating profit of E400m (US$446m), a nearly 16% increase from E346N a year ago, as revenue gains and lower unit costs offset a higher fuel bill. The results came a day after the group signed an MOU for 60 Airbus A220s and as its pilots approved fleet growth plans for LCC subsidiary Transavia France. Total revenue at constant currency was up 4.5% year-over-year to E7b. Passenger unit revenue rose 0.8% as unit costs, on a constant currency and fuel price basis, declined 2.3%. Fuel costs were up nearly 19% YOY. The group said cost-cutting measures and the high basis of comparison because of last year’s Air France strikes—which had a E260m negative impact on the Q2 2018 operating profit—contributed to the improved results. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-08-01/sky/air-france-klm-q2-operating-profit-up-as-growth-plans-take-shape
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Air France-KLM Q2 operating profit up as growth plans take shape
Air France-KLM posted a Q2 operating profit of E400m (US$446m), a nearly 16% increase from E346N a year ago, as revenue gains and lower unit costs offset a higher fuel bill. The results came a day after the group signed an MOU for 60 Airbus A220s and as its pilots approved fleet growth plans for LCC subsidiary Transavia France. Total revenue at constant currency was up 4.5% year-over-year to E7b. Passenger unit revenue rose 0.8% as unit costs, on a constant currency and fuel price basis, declined 2.3%. Fuel costs were up nearly 19% YOY. The group said cost-cutting measures and the high basis of comparison because of last year’s Air France strikes—which had a E260m negative impact on the Q2 2018 operating profit—contributed to the improved results. <br/>
