Air France-KLM Q1 2024 results [Yahoo! Finance]
AIR FRANCE-KLM ADS (AFLYY)
NASDAQ:AMEX Investor Relations:
airfranceklm.com/en/contacting-investor-relations-department
Company Research
Source: Yahoo! Finance
Group capacity increased by 4.5% compared to last year with load factor at 86% Increase of passengers carried to 20.9m, +6.2% compared to last year Group Passenger unit revenue up +2.1% compared to last year Group revenues at €6.7bn, up 5.1% compared to last year Operating result at -€489m impacted by disruption costs and cargo unit revenue reduction Positive recurring adjusted operating free cash flow driven by promising peak summer ticket sales at €0.6bn Stable Net debt/EBITDA ratio of 1.3x Continued fleet renewal resulting in 21% new generation aircraft, +4pt compared to last year Commenting on the results, Mr. Benjamin Smith, Group CEO , said: “Despite a challenging start to the year with persistent geopolitical tensions, Air France-KLM recorded further revenue growth this quarter, capitalizing on a structurally robust travel demand. However, as anticipated, our operating income was impacted by disruption costs and a slower Cargo business. We nonetheless remain
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