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...Air France-KLM chief executive Ben Smith called for a level playing field at an industry conference last month....
...“He didn’t know the big fortunes of France a few years ago and now he does,” said Niel....
...In August, the Financial Times reported that Europe’s three major airline groups — Air France-KLM, IAG and Lufthansa — had recorded a drop in the rate of recovery in corporate travel this year because of...
...In the first nine months of 2023, Air France-KLM’s cargo revenues were down 31 per cent on the previous year....
...But Air France-KLM chief executive Ben Smith rejected the suggestion that the airline was deliberately misleading on its green credentials....
...But the bosses of Lufthansa and Air France-KLM said their airlines have slashed their direct flights to many major Asian economies because of competition from Gulf airlines, which often offer cheaper fares...
...Rival Air France-KLM also reported booming demand for travel on Thursday, but its shares fell nearly 10 per cent in morning trading after the company posted a €256mn fourth-quarter loss, which it blamed...
...Attention will focus on the impact of geopolitical uncertainty on Air France-KLM and IAG....
...Air France-KLM would own 20 per cent, while the Danish government — the sole Scandinavian nation still invested in the airline — would own 26 per cent....
...Business passengers in particular had continued to stick to Air France-KLM routes, he added....
...Air France-KLM also posted strong full-year earnings but swung to a loss in the fourth quarter on higher costs and geopolitical uncertainty....
...Benjamin Smith, chief executive of Air France-KLM, which paid $145mn for its stake and some convertible debt, said: “Air France-KLM looks forward to establishing strong commercial ties with SAS....
...Air France-KLM reported rising revenues and a record operating margin in the second quarter, as passenger numbers increased and demand for long-haul flights, including to and from North America, rebounded...
...Air France-KLM and Etihad did not immediately respond to a request for comment....
...Air France-KLM: Shares lost 4.3 per cent after JP Morgan cuts its rating to underweight from overweight....
...Meanwhile, Air France-KLM said operating profit more than doubled to €733mn in the second quarter, a record....
...The region’s big national airline groups, British Airways owner IAG, Air France-KLM and Lufthansa, are still flying smaller schedules than in 2019, after cautiously rebuilding their businesses from the pandemic...
...After buying planes to launch an air cargo venture in 2022 he also took a stake in Air France-KLM and formed a much-vaunted joint venture....
...This summer, they braved delays, queues and rising ticket prices to fill airline seats in droves, say British Airways owner IAG and Air France-KLM. Both reported strong results on Friday....
...Results: Charles Schwab Q1, Goldman Sachs Q1, M&T Bank Q1, Tuesday Canada: The government finance minister Chrystia Freeland presents the annual state budget to parliament China: quarterly GDP data France...
...France-KLM....
...Air France-KLM has projected strong summer bookings with buoyant demand from higher-spending travellers in business class looking to travel to Paris in particular....
...At rival Air France-KLM, the load factor in premium cabins was higher in every quarter of 2023 than in 2019....
...IAG, Lufthansa, Air France-KLM, easyJet and Ryanair have been contacted for comment....
...IAG and Air France-KLM have also reported record sales over the summer....
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