Wednesday, 1 August 2018

Second quarter revenues up for KLM

Air France-KLM saw positive movements in the second quarter of 2018 according to its latest figures.  The group saw revenues climb up 4.0% at constant currency, whereas the number of passengers was only slightly up by .8%  with a total of 26 million people carried.

The Group delivered an operating result at a similar level to last year before the impact of Air France strikes: its operating result 1 at 345 million euros, 241 million euros lower than last year, including a strike impact of around 260 million euros.
Unit costs1 up 2.4% at constant currency, fuel and pension charges, with underlying structural unit cost savings of -0.7% offset by a strike effect of +3.1%.  

"KLM’s financial results for the first half of 2018 are a little higher compared to KLM’s record results the same period last year. We can certainly be satisfied and proud of this result, especially considering the negative influence of higher fuel prices. All KLM staff are to be congratulated on this wonderful joint achievement. We are well on track for 2018 and the near future." said KLM President & CEO, Pieter Elbers.

Full details are here.