More passengers Air France-KLM, turnover up

KLM’s turnover elevated by a 3rd to 2.5 billion euros. The capability of KLM plane elevated by fifteen p.c. Turnover elevated additional as a result of fuller plane and better ticket costs. However jet gas particularly price rather more initially of this yr. KLM, for instance, spent 79 p.c extra on that, additionally as a result of it has to fly round Russia on totally different routes.

Bookings for the present interval and the summer time quarter are additionally going properly, each at KLM and sister firm Air France. They’re greater than final yr. Air France-KLM due to this fact hardly notices the excessive inflation and financial savings that customers make. The demand for air journey in the summertime stays sturdy, additionally outdoors Europe.

That is very true for subsidiary Transavia, as a result of regardless of the issues with canceled flights, capability this quarter is a few fifth greater than final yr. That progress was even larger within the first quarter, however the flights are however additionally fuller. And ticket gross sales by September are forward of final yr.

Transavia’s outcomes lagged considerably within the first quarter, however that has to do with the truth that Transavia is a vacation flyer. That airline is extra affected by trade fee variations as a result of, not like Air France and KLM, it sells all tickets in euros.

With the reimbursement of all money owed assured by the Dutch and French governments, Air France-KLM’s debt burden has additionally fallen sharply. On the finish of March, it amounted to round 5.5 billion euros. That’s 1.5 instances working revenue and that’s on the decrease finish of what the aviation group wished to realize this yr.