Air France-KLM reported higher than consensus Q3 results, specifically in terms of operating income which increased by 39% yoy thanks to lower fuel costs and quite tight cost control. Revenues increased by a reasonable 4%, in line with consensus but, more important, is the unit revenue per ASK and RPK growth which have been strong in Q3 and in the first 9 months. This is a sign of the return of France as a major tourist destination and of the upward pressure associated with this. What also be
03 Nov 2017
Continuous operating trend and improving financial situation
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Continuous operating trend and improving financial situation
Air France-KLM SA (AFK:WBO) | 0 0 (-5.7%) | Mkt Cap: 4,338m
- Published:
03 Nov 2017 -
Author:
Marc Laubel -
Pages:
3
Air France-KLM reported higher than consensus Q3 results, specifically in terms of operating income which increased by 39% yoy thanks to lower fuel costs and quite tight cost control. Revenues increased by a reasonable 4%, in line with consensus but, more important, is the unit revenue per ASK and RPK growth which have been strong in Q3 and in the first 9 months. This is a sign of the return of France as a major tourist destination and of the upward pressure associated with this. What also be