Air France-KLM can look back on a stable third quarter, with strong summer demand and fewer operational disruptions. It shows the financial results as the airline group produced a €931 million net profit, up €431 million year on year. This makes this Q3 the best in the group’s history. As in the previous quarters, Air France did better than KLM.
Group CEO Ben Smith was most pleased with the results, which confirm that the group maximized the good momentum in Q3. The consolidated net profit of €931 million compares to €460 million in Q3 2022. Total revenues were up seven percent to €8.660 billion from €8.112 billion, while total expenses increased 3.6 percent to €6.667 billion from €6.434 billion. EBITDA is €1.993 billion versus €1.667 billion, the operating profit was €1.344 billion versus €1.0 billion. This brings the operating margin to 15.5 percent. Unit revenues were up 3.3 percent.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
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