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Taking advantage of a well-oriented long-haul market, the group posts a stable turnover, despite results impacted by the cost of strikes.
Air France-KLM was heavily affected by spring strikes, which it estimates the cost at 335 million euros, but the French-Dutch company, which is looking for a new boss, managed to stay in the green in the second quarter thanks to a sustained demand for pbadenger traffic. 19659004] The French-Dutch company has published a net profit of 109 million euros over the period from April to June, in sharp decline compared to the same period last year, she said Wednesday . In this quarter alone, the impact of the strikes is estimated at around 260 million euros.
Unexpected increase in the number of pbadengers
Net profit for the first half of 2017 was 593 million euros, but this figure is inflated by € 254 million due to a special effect related to the entry into force of a new accounting standard.
Air France-KLM benefited from an increase of 0.8% to 26 million of the number of pbadengers transported between April and June. It also benefited from an increase in its unit revenue, which allowed it to maintain its stable turnover at 6.6 billion euros.
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KLM's weariness in the face of the strike by its Air France ally
The dispute at Air France, a fifteen-day strike from February to June, led to the resignation in May of Jean-Marc Janaillac, who put his position in the balance during a staff consultation on a proposal for a salary adjustment agreement, rejected by employees
His successor should be appointed at the start of the school year. Management indicated in mid-July that the recruitment process of the new management of the group "should be finalized in the coming weeks" with a "effective establishment in September" .
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Referendum at Air France: a loser-loser poker game
Asked about this process during a conference call, Chief Financial Officer Frederic Gagey stated that he "is following his course" without further detail. "Management is not directly involved, which is normal" he said.
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