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Air France-KLM beats profit forecasts

Air France-KLM posted a third-quarter operating profit that beat analyst expectations. Its Dutch arm KLM announced a restructuring plan to cut jobs and boost earnings.

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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 a third-quarter operating profit of €1.34 billion on Thursday, beating the €1.1 billion analyst consensus. The carrier's shares jumped 13% in morning trading after its Dutch unit unveiled a €1 billion restructuring plan.