Air france-klm improved its profitability,: This article explores the topic in depth.
Consequently,
Air france-klm improved its profitability. Furthermore, :
Despite its fears, the Air France-KLM group was able to amortize the effects of a more restrictive taxation on air traffic. Similarly, The company released in the second quarter an almost quadrupled net profit over a year. Nevertheless, increased by the drop in the price of fuel and by a sustained activity, especially in the upper categories.
In addition, budgetary rigor with the reduction of financial debt and better profitability per passenger ended up paying.
These elements allowed him to finish largely in the green a quarter. however, marked by geopolitical tensions, whether it be the disturbances of service to the Middle East in June due to the conflict between Iran and Israel and American bombardments in the region or persistent uncertainties around American customs duties.
Tax increase – Air france-klm improved its profitability,
The Franco-Dutch Air Group has notably had to face a sharp increase air france-klm improved its profitability, in taxes at Amsterdam-Schiphol airport. its Hub in the Netherlands and the entry into force on March 1 in France of the increase in the solidarity tax on plane tickets (TSBA) “Whose effect expected on the annual operating result is estimated between 90 and 170 million euros”, specifies Air France-KLM in its press release published Thursday.
Despite everything. over the June -June period, Air France -KLM gave net profit of 649 million euros – against 165 million euros over the same period a year earlier – and saw its turnover increased by 6.2% compared to spring 2024, to 8.4 billion euros.
In the second quarter. beyond the positive impact of the drop in fuel prices- which reduced the bill by almost 200 million euros compared to the second quarter of 2024- The group benefited from the dynamism of demand.
In total, it transported 27.3 million passengers over the period, 5.9% air france-klm improved its profitability, more than in the spring of the previous year, with a demand in particular sustained in “premium”.
Air France-KLM action around 10:00 am Thursday increased by 5.7% to 11.48 euros on the Paris Stock Exchange, after this publication.
“Air France-KLM has achieved a second solid quarter. with turnover growth and improvement in margins”welcomed the director general of the group, Benjamin Smith, quoted in a press release.
Concentration in the face of competition
Beyond its financial prospects. the group has confirmed its ambitions in the current consolidation of the air sector in Europe, always eager to strengthen around the world via “Key partnerships and joint ventures in strategic areas”souligne M. Smith.
It is with this in mind that Air France -KLM’s desire to carry its participation in the Scandinavian company. SAS – of which it has been a shareholder since 2024 – from 19.9% currently to 60.5%, as announced at the beginning air france-klm improved its profitability, of the month.
The Franco-Dutch group is also interested in the opening of the capital of the company Tap Air Portugal. whose Portuguese government wishes to disengage.
However. “Air France-KLM withdrew from the process initiated for the sale of participation in (the Spanish company) Air Europa, no agreement having been reached with Globalia”the tourist group who owns it, an Air France-KLM spokesperson told AFP.
According to the Spanish press in March. the Franco-Dutch group had made an offer in the amount of 300 million euros to acquire 51% Europa air.
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