Air France-KLM has reported impressive second-quarter results, exceeding analysts' expectations. The airline group achieved significant growth in revenue, driven by increased passenger numbers, higher load factors, and strong yields.
Revenue and Profit Figures
In the three months ending June, Air France-KLM recorded revenue of €7.62 billion, a year-on-year increase of 14%. This positive performance can be attributed to the handling of 24.7 million passengers during the quarter, marking an 8.2% growth compared to the previous year.
The airline group also witnessed a remarkable surge in net profit, which jumped by 86% to reach €604 million. Operating profit saw an even more substantial increase of 90%, amounting to €733 million and achieving a margin of 9.6%.
Outlook and Future Prospects
Despite the challenging circumstances caused by the pandemic, Air France-KLM remains optimistic about its future prospects. Chief Executive Benjamin Smith expressed satisfaction with the improved situation at airports this summer, particularly at the hub in Amsterdam Schiphol Airport. Smith emphasized that this season serves as a preparation phase for 2024, when France will host the Olympic and Paralympic Games, where Air France is an official partner.
Looking ahead, Air France-KLM maintains its forecast for available seat kilometers to be at approximately 95% of pre-pandemic levels in 2019, indicating a positive outlook for the rest of the year.
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