Q3 2024 results press release
Portfolio Pulse from
Air France-KLM reported stable Q3 2024 operating results at €1.2 billion, excluding the Olympic Games impact. Group revenues increased by 3.7% to €9.0 billion, with a load factor of 89%. However, unit costs rose by 3.4% due to higher staff, operation, and maintenance costs at KLM. Measures are being taken to improve KLM's performance.
November 07, 2024 | 7:30 am
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NEUTRAL IMPACT
Air France-KLM's Q3 2024 results show stable operating results at €1.2 billion, with a 3.7% increase in revenues. However, unit costs rose by 3.4% due to higher costs at KLM. Measures are being taken to improve KLM's performance.
The stable operating result and revenue growth are positive, but the increase in unit costs and the need for measures to improve KLM's performance may offset these gains. The overall impact on AFLYY's stock price is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100