PARIS (dpa-AFX) – The airline Air France-KLM grew significantly in the summer thanks to good demand after the Corona crisis. Sales in the third quarter rose by around seven percent compared to the previous year to almost 8.7 billion euros, as Lufthansa’s competitor (Lufthansa) announced on Friday in Paris. In terms of operating profit, Air France-KLM even managed to jump by almost a third to a good 1.3 billion euros because disruptions to operations were no longer as costly. However, industry experts had hoped for a little more. Last summer, Air France-KLM had to contend with a large number of cancellations and delays at Amsterdam Airport. The surplus has now doubled to 931 million euros.
Management is sticking to its annual goal of a seat availability of around 95 percent of the pre-Corona level. In the third quarter, CEO Benjamin Smith barely missed the goal he had set for the group. In addition to Air France and KLM, the group also includes the low-cost airline Transavia, whose planes have been particularly well utilized for months.
At the beginning of October, Air France-KLM announced that it would secure up to almost a fifth of the shares in the Scandinavian airline SAS (SAS AB). Other investors and the Danish state are also involved in the project. In doing so, SAS is breaking with decades of tradition: In 1997, the airline was one of five founders of the Star aviation alliance alongside Air Canada (Air Canada Voting and Variable Voting), Lufthansa, Thai Airways (Thai Airways International PCL) and United Airways (United Airlines). Alliance. In the future, SAS is likely to move under the umbrella of the Skyteam alliance, to which Air France-KLM belongs./ngu/stw/mis
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