Air France-KLM: Q3 earnings up 1.5%.
(CercleFinance.com) - Air France-KLM has published Q3 2017 net income group share of 552 million euros, up 1.
5%, with operating profit of 1,022 million euros, up 38.7%.
Revenues reached 6,205 million euros, up 4.2% (+4.9% at constant exchange rates), with a 1.6-point improvement in the company's load factor, while unit revenue per seat-kilometre offered rose by 4.1% at constant exchange rates.
Regarding its outlook, this year Air France-KLM expects operating free cash flow to be above its level last year, with adjusted net debt on EBITDAR of between 2.2x and 2.3x at end-2017 (prior to the acquisition of 31% of Virgin Atlantic's capital.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
5%, with operating profit of 1,022 million euros, up 38.7%.
Revenues reached 6,205 million euros, up 4.2% (+4.9% at constant exchange rates), with a 1.6-point improvement in the company's load factor, while unit revenue per seat-kilometre offered rose by 4.1% at constant exchange rates.
Regarding its outlook, this year Air France-KLM expects operating free cash flow to be above its level last year, with adjusted net debt on EBITDAR of between 2.2x and 2.3x at end-2017 (prior to the acquisition of 31% of Virgin Atlantic's capital.
Copyright (c) 2017 CercleFinance.com. All rights reserved.