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Air France-KLM buoyed by first profit since 2010

Air
TTG Staff
18 February 2016

Airline group Air France-KLM has swung into profit after it was helped by low fuel prices.

An Air France A380

The company’s move back into the black came despite problems with unions and the terrorist attacks in Paris.

A net loss of €225 million last year was turned into a profit of €118 million. Revenue rose from €24.9 billion to €26 billion. The company’s fuel bill fell 6.7% to €6.2 billion.

Net debt across the group was cut by more than €1 billion to €4.3 billion.

Chairman and chief executive Alexandre de Juniac, said he was pleased with the results but warned that the future remained uncertain.