Air France-KLM suffers less loss in first quarter

Turnover rose to more than 4.4 billion euros, almost twice as much as a year ago. “This confirms that the recovery has started,” said CEO Ben Smith. “Despite the challenging market, with the continuing effect of the coronavirus, the situation in Ukraine and the sharply rising fuel price, we achieved a good operating result.”

Ticket sales were particularly good in March, with a notable increase in the number of business travelers. The total number of passengers transported rose to more than 14.5 million, a plus of more than two hundred percent. Capacity increased by 67 percent.

The KLM Group posted an operating profit for the third consecutive quarter. In Q1, the Dutch branch of Air France-KLM came in at a plus of 3 million euros, compared to an operating loss of 337 million a year earlier. In total, 4.8 million passengers were transported.

“These figures for the first quarter clearly give cause for optimism. Despite the geopolitical tensions, high inflation and rising costs, the recovery continues to be strong. journey,” said KLM CEO Pieter Elbers.

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