Air France-KLM experienced a loss of â¬249 million in the first quarter of 2024, an improvement from over â¬500 million in the same period last year. The Franco-Dutch aviation group achieved an 8% increase in turnover to â¬7.2 billion due to strong travel demand and lower fuel prices. With 21.8 million passengers, representing a 4.5% rise, the company benefitted from enhanced summer ticket sales. However, challenges included reduced European reservations to the U.S., estimated 2025 fuel costs of â¬6.7 billion, and constraints from plane shortages and Paris Olympic Game impacts, leading to a limited â¬317 million annual net profit for 2024.
Air France-KLM reported a significant loss of â¬249 million in Q1 2024, improving from over â¬500 million last year, attributed to rising travel demand.
The aviation group experienced an 8% turnover increase, reaching â¬7.2 billion, largely due to sustained travel demand and decreased fuel costs.
Chief executive Benjamin Smith mentioned that stronger ticket sales for summer travel significantly enhanced the financial situation of Air France-KLM.
Despite some challenges, such as decreased reservations from Europe to the US, the airline managed to increase passenger numbers by 4.5% this quarter.
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