SInGAPORE_AIR
Posts: 11621
Joined: Mon Nov 13, 2000 4:06 am

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
Anyone can fly, only the best Soar.
 
kl911
Posts: 3981
Joined: Mon Jul 21, 2003 1:10 am

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
Posts: 788
Joined: Mon Dec 26, 2005 7:28 pm

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
Posts: 3981
Joined: Mon Jul 21, 2003 1:10 am

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
Posts: 1195
Joined: Mon Nov 08, 2004 1:21 am

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
Posts: 3888
Joined: Sun Sep 14, 2003 4:48 am

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
Posts: 739
Joined: Tue Nov 21, 2000 5:33 am

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
Posts: 664
Joined: Thu Oct 27, 2005 12:42 am

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
Posts: 3888
Joined: Sun Sep 14, 2003 4:48 am

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: 3965
Joined: Sun Sep 23, 2007 4:55 am

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.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos