{
KLM

Companies

}
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Air France-Klm reports profit decline amid rising costs and operational challenges

Air France-Klm reported a decline in third-quarter profits to 1.18 billion euros, down from 1.34 billion euros, primarily due to rising costs at KLM and regulatory restrictions at Schiphol Airport. Despite a 4% revenue increase to 9 billion euros, net income fell to 824 million euros, prompting the launch of the "Back on Track" program to enhance productivity and long-haul operations. The airline faces ongoing challenges from rising operating costs and market uncertainties, necessitating strategic adaptations to regain competitiveness.
Gaeta
Euro KLM Air France-KLM SA NLD FRA Ben Smith
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09:10 08.11.2024
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