Air France-KLM SA reports Q3 results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2024
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Source: SeekingAlpha
Financial Performance: Air France-KLM reported a Q3 net income of €824M and revenue of €9B, with a 3.6% increase in group capacity and an operating result of €1,180M, maintaining an operating margin of 13.1%.
Operational Challenges: The company faces rising unit costs due to higher staff and operational expenses, prompting measures to improve KLM's performance, while also completing the acquisition of a 19.9% stake in SAS AB.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
