Air France KLM reported strong 4th quarter 2024 earnings, with a results substantially better than market expectations.The airline group reached an operating profit of €390 million versus consensus expectations of €180 million, a very significant earnings beat.
The group reported an exceptionally strong 4th quarter, which mitigated a challenging 2024. Revenues in the 4th quarter were €7.9 billion, bringing full year revenues to €31.5 billion.Operating margin for 2024 was 5.1%, as operating revenues for the 4th quarter 2024 were €452 million higher than the prior year, in which a loss of €56 million was reported.For the full year, operating profits reached €1.6 billion, down slightly year-over-year.
Key financial Highlights for 2024
Revenues for the group increased by 6% year-over-year,
operating margin was 5.1% for the full year.
Free cash flow was €300 million
The net debt to EBITDA ratio was 1.7x.
Corporate travel recovered to 80% of pre-pandemic levels
The company is projecting an operating margin of over 8% by 2026-2028.
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