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Aviation group Air France-KLM made a profit for the first time since the coronavirus crisis

Air France-KLM’s turnover rose sharply. The limited capacity in relation to the much higher demand meant that the airline group could charge higher prices for tickets.

The good results and a share issue, among other things, ensured that Air France-KLM could further repay the state aid they received during the coronavirus pandemic. KLM’s debt is completely repaid. Air France repaid another 1.6 billion euros and expected to repay more in the third quarter.

The airlines expect to book a solid profit again this quarter and close the whole of 2022 profitably.

The problems at airports did mean that Air France-KLM had to allocate 70 million euros for compensation for travelers. That is much more than usual. Air France-KLM expects to spend less on compensation in the third quarter. Many flights have already been canceled, so they expect fewer surprises.

Although the problems at Schiphol are decreasing, the consequences of the personnel shortages in aviation will be felt for a long time, like elsewhere in society.

https://nltimes.nl/2022/07/29/air-france-klm-books-profit-despite-airport-chaos-staff-shortages-long-term-problem

Air France-KLM books profit despite airport chaos; Staff shortages a long-t…
Aviation group Air France-KLM made a profit for the first time since the coronavirus crisis. Both KLM, which previously …
NL TimesNLTIMES.NL
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