SInGAPORE_AIR
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Air France KLM Posts US$1 Billion Profit Q2

Thu Nov 22, 2007 10:30 am

An shockingly good result from Air France KLM Group. US$1 Billion in just three months!




Air France Second-Quarter Profit Doubles; Shares Jump (Update3)


By Andrea Rothman

Net income for the three months ended Sept. 30 rose to 736 million euros ($1.09 billion), or 2.64 euros a share, from 374 million euros, or 1.41 euros, a year earlier, the Paris- based company said in a statement today. Analysts surveyed by Bloomberg had predicted a profit of 644 million euros.

Bloomberg
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kl911
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RE: Air France KLM Posts US$1 Billion Profit Q2

Thu Nov 22, 2007 10:51 am

Great! A perfect reason to get rid of the high fuel surcharges. ( Not only KL/AF btw..)

Everytime I see an oilcompany announce massive profits I wonder why the fuel prices are that high..  Smile

KL911
 
PHKLM
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RE: Air France KLM Posts US$1 Billion Profit Q2

Thu Nov 22, 2007 10:57 am



Quoting KL911 (Reply 1):
Everytime I see an oilcompany announce massive profits I wonder why the fuel prices are that high

Well, the profits are that high because of high fuel prices. That's cause and effect in this case, it really would be strange to have high profits and therefore high fuel prices. Fuel prices aren't dictated by production costs, but both political and economic factors. The price to produce a barrel of oil hasn't significantly risen over the last year, the oil price did. There's your extra profit margin.
 
kl911
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RE: Air France KLM Posts US$1 Billion Profit Q2

Thu Nov 22, 2007 11:20 am

Last few times KLM was the big moneymaker ( compared to it's size ) What's the breakdown between KL and AF this time?

KL911
 
lamedianaranja
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RE: Air France KLM Posts US$1 Billion Profit Q2

Thu Nov 22, 2007 12:22 pm

I wish that all skies were orange and blue!!
 
Beaucaire
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RE: Air France KLM Posts US$1 Billion Profit Q2

Thu Nov 22, 2007 12:47 pm

amazingly small interest for a record result ,considering all airlines have to operate in a quite hostile envirenment (rise in kesosine-price,economical struggles..)
It's a brillant achievement for AF/KLM and the team Spinetta-Van Wijk are doing a great job (of course all employees do bear their fair part in the merit !
Please respect animals - don't eat them...
 
AFC_Ajax00
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RE: Air France KLM Posts US$1 Billion Profit Q2

Thu Nov 22, 2007 1:44 pm



Quoting KL911 (Reply 3):
Last few times KLM was the big moneymaker ( compared to it's size ) What's the breakdown between KL and AF this time?

KL911

I can't give specifics but relatively speaking it still swings in KLM's favor. They have really put into place an efficient and streamlined organization, both prior to the merger and in the time since.
Once you have tasted flight, you will walk the earth with your eyes turned skyward; for there you long to return
 
b777a340fan
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RE: Air France KLM Posts US$1 Billion Profit Q2

Thu Nov 22, 2007 7:38 pm



Quoting AFC_Ajax00 (Reply 6):
I can't give specifics but relatively speaking it still swings in KLM's favor. They have really put into place an efficient and streamlined organization, both prior to the merger and in the time since.

Hmm, I would've thought that it was the other way around.... interesting, good news for the both of them though Big grin
 
Beaucaire
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RE: Air France KLM Posts US$1 Billion Profit Q2

Fri Nov 23, 2007 7:00 am

passage of interview to FT by AF's General Manager :
"Air France managing director Pierre-Henri Gourgeon told this news service last week that Alitalia is potentially more attractive to the French airline than Iberia, adding that the airline has hired an investment bank to study the Italian deal, but not the Spanish one."
Please respect animals - don't eat them...
 
FlyASAGuy2005
Posts: 3964
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RE: Air France KLM Posts US$1 Billion Profit Q2

Fri Nov 23, 2007 5:39 pm

Good for them. glad to see that everyone is doing well this quarter (and hopfully though the rest of next year). I just hope they pass some of this along to the passengers and employees.
What gets measured gets done.

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