Air France-KLM posts record third-quarter operating profit
Between July and September, the Air France-KLM group carried 26.9 million people, 7.6% more than in the same period of 2022, while its turnover rose 6.8% to 8.66 billion euros ($9.15 billion), it said Friday in a statement.
The company achieved its highest quarterly operating profit in its history this summer, with €1.34 billion ($1.415 billion), equivalent to an operating margin of 15.5%, thanks in part to a lull in oil prices and a positive exchange rate effect that offset inflation and wage increases.
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Air France-KLM, which has yet to restore its equity, negative since the start of the health crisis, has shown its confidence in recent weeks, announcing its intention to buy at least 50 Airbus A350s and acquiring 19.9% of the Scandinavian carrier SAS.
The group also has its sights set on the airline TAP Air Portugal, which is in the process of privatization.
With information from AFP
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