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Air France KLM Group optimistic after return to profit

Air
Gary Noakes
17 February 2022

Air France KLM soared back into profit last year, hailing a “turning point” in the pandemic.

Air France KLM Group, which includes Transavia, is back in profit

The group ended 2021 with a pre-tax profit of €745 million, compared with a loss of €1.69 billion in 2020. In the fourth quarter, profits hit €827 million, compared with a deficit of €409 million year on year. Full year passenger numbers were 44.7 million, up 31%.

It said: “The recovery was visible since June which continued in the second semester and thanks to less tight travel restrictions, the group was able to capture the recovery in a profitable way.” 

Group chief executive Benjamin Smith added: “The fourth quarter 2021 marked a turning point for Air France KLM.