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Good 3rd Quarter For AF/KL And LH

Posted: Wed Oct 31, 2012 1:31 pm
by UALWN
Both AK/KL and LH have posted better than expected results for the 3rd quarter of 2012, with operating profits over €500M. See
http://www.bloomberg.com/news/2012-1...n-job-cuts-traffic.html?cmpid=yhoo

Good 3rd Quarter For AF/KL And LH

Posted: Wed Oct 31, 2012 9:08 pm
by Pihero
This is the sort of news - and thread - people aren't interested in : "What ? Some good news from AF without an order for some extra 77ws or 787s? Are you out of your minds ? "

[Edited 2012-10-31 14:09:25]

Good 3rd Quarter For AF/KL And LH

Posted: Wed Oct 31, 2012 9:19 pm
by delimit
Oh don't worry. Someone creative will find reason in a link to bash AF , or make a joke about spending the profit on that thing people always, infallibly think is somehow funny the one thousandth time

I give it 5 more posts

Good 3rd Quarter For AF/KL And LH

Posted: Wed Oct 31, 2012 9:51 pm
by DeltaMD90
Quoting Delimit (Reply 2):
Oh don't worry. Someone creative will find reason in a link to bash AF , or make a joke about spending the profit on that thing people always, infallibly think is somehow funny the one thousandth time

Not trying to do that, but I was under the impression that AF/KL wasn't doing that well... is there something hidden in the numbers or did they really do well? (And was it KL keeping AF afloat or is that just a rumor too.)

Good job nevertheless. I didn't think they were doing that well, I've always heard they were bleeding money

Good 3rd Quarter For AF/KL And LH

Posted: Wed Oct 31, 2012 10:30 pm
by Aesma
From the link :

The French company’s earnings jump may be “a result of the first measures implemented, even before the job-cuts plan, with more flexibility and a wage freeze.”

Good 3rd Quarter For AF/KL And LH

Posted: Thu Nov 01, 2012 2:52 pm
by Burkhard
Quoting DeltaMD90 (Reply 3):
is there something hidden in the numbers or did they really do well?

... only that the so called Euro Crisis is a pure invention of the US/UK mass media to manipulate politics in the interest of their share holders...

Good 3rd Quarter For AF/KL And LH

Posted: Thu Nov 01, 2012 2:57 pm
by MaverickM11
Is it? This says they've lost $1.2B in the last nine months. Even excluding the restructuring costs it still looks a little grim.

http://atwonline.com/airline-finance...r.com&YM_MID=1349284&sfvc4enews=42

Good 3rd Quarter For AF/KL And LH

Posted: Thu Nov 01, 2012 3:07 pm
by KFlyer
AF-KL did lose over $1B for the nine months ending 30 Sep. However they had a Q3 better than last year. So things are slightly improving, but definitely not satisfactory yet. If I'm not mistaken, AF-KL only had an EBITDAR profit and was not at least operationally profitable. And definitely not profitable at a net level. LH in comparison did report a net profit.

Good 3rd Quarter For AF/KL And LH

Posted: Thu Nov 01, 2012 3:11 pm
by EPA001
Quoting KFlyer (Reply 7):
So things are slightly improving, but definitely not satisfactory yet

That is also the way I see it. They are starting to turn around the losses, but they are not out of the woods yet. LH is in a better shape with also much more profit then AF-KLM over the last 12 or 24 months.

But I am happy with the message that AF-KLM are starting to get in a better financial shape, because they need it.

Good 3rd Quarter For AF/KL And LH

Posted: Thu Nov 01, 2012 6:58 pm
by greenwichsud
Quoting Burkhard (Reply 5):
Quoting Burkhard (Reply 5):
... only that the so called Euro Crisis is a pure invention of the US/UK mass media to manipulate politics in the interest of their share holders...

..so Merkel, Hollande et. al are just pawns in a media game? All that time spent and it was just a figment of their imagination. Thanks for enlightening us!

  

[Edited 2012-11-01 11:59:37]