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Radio France Internationale
Radio France Internationale
National
RFI

Air France-KLM reports bumper profits as French economic growth rises

Air France-KLM reported strong second quarter profits in 2023, recovering from near collapse during the Covid-19 pandemic. © AFP

Air France-KLM has announced it has doubled its year-on-year net profit in the second quarter of 2023 to €604 million, benefiting from high demand in air travel despite rising inflation which has increased costs.

The Franco-Dutch group saw its sales rise by almost 14 percent compared with the same period in 2022 to €7.6 billion, boosted by an increase in passengers and higher ticket prices, achieving a "record" operational margin of just below 10 percent.

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