Air France-KLM Beats Profit Views

Air France-KLM posted a higher than expected third-quarter operating profit driven by strong demand and premium offerings. However, the airline group cut its capacity growth forecast for the year and raised its projected fuel bill.

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A logo is seen on the facade of Air France-KLM building during the presentation of the group's annual results in Paris, France, February 17, 2023. REUTERS/Benoit Tessier

AIR FRANCE-KLM posted an operating profit of €1.34 billion for the third quarter, beating analyst expectations of €1.1 billion. Strong demand for premium offerings and long-haul routes drove the earnings beat despite rising industry fuel pressures. The carrier's performance reflects resilience across European network operators as passenger yields remain elevated.