Leaderless and strike-hit Air France-KLM beats the odds to report higher traffic
Paris — Air France-KLM, hit by strikes and without a CE since May, reported higher traffic figures on Monday, which lifted its battered shares. But sources voiced caution about the possible appointment of a top French transport executive as its new boss. The company said the group overall — comprising the networks of Air France-KLM, Hop! and Transavia — carried 9.3-million passengers in June, up 3.7% from a year earlier. The overall load factor, a measure of the extent to which an airline has filled its aircraft, rose to 89.3% in June from 87.7% in 2017, it said. The higher figures lifted Air France-KLM shares, which were up 7.2% in morning trading, but they remain down about 40% so far in 2018, mainly due to the effect of the strikes on the firm. "Overall, June’s traffic statistics are a return to normality and highlight the favourable market conditions that exist despite the strike which impacted April and May results," wrote Irish brokerage Goodbody in a note. "Discussions on a n...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.