Air France-KLM's losses narrow as passenger numbers tick up in Q1
- Economy
- DPA
- Published Date: 10:14 | 05 May 2023
- Modified Date: 10:14 | 05 May 2023
Air France-KLM on Friday posted a loss before tax of €378 million ($417 million) for the first quarter, narrower than the €546 million a year ago, boosted by higher capacity and load factor.
The Franco-Dutch air carrier had a net loss of €344 million, or €0.14 per share, for the quarter compared with €552 million in the previous year.
Air France-KLM saw 19.7 million passengers in the quarter, which was 35.3% higher year-on-year. Capacity increased by 19.8%.
Quarterly revenues increased 42% to €6.3 billion from €4.4 billion last year.
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