Air France-KLM has reduced its capacity growth outlook for the full year and says the Olympic Games have had a €40 million impact on its Q2 operating margin.
Air France-KLM reports results for a third quarter marked by activity, including the announcement of plans to take a 20% stake in SAS Scandinavian Airlines.
As it posted a big increase in quarterly profit, Air France-KLM reported that capacity across its airlines reached 92% of 2019 levels in the second quarter.
The common aviation area agreement eliminates restrictions on services between the European Union and Armenia, opening up the potential for new routes and carriers to enter the market.
The Netherlands-based LCC is focused on restarting as many routes as possible this summer, with an ambition of growing capacity to 80% of 2019 levels by the third quarter of 2021.
This week: Air France-KLM drops Virgin Atlantic deal plans; Ryanair to close two bases; Transavia to start Brussels service; codeshare agreed between Gulf Air and Middle East Airlines and more.
Israel Airport Authority is close to completing one of the country’s most significant infrastructure projects and one of Europe’s few green field airports to be opened since the turn of the millennium.
CEO Jean-Marc Janaillac has launched an initiative to tackle the airline's issues head-on, mainly cutting costs and growing long-haul operations. Air France-KLM returned to net profit for the first time in six financial years last year, turning a net loss of €225 million in 2014 to a positive net result of €118 million.