Airline Air France-KLM profit doubles

Air France-KLM saw net profit double to almost €736m in the second quarter of its current financial year, with turnover up 5.8% to €6.49bn, the company announced on Thursday.

Fuel hedging measures succeeded in limiting the increased costs of kerosene to 1.8% despite a sharp rise in world oil prices, the company said. The low dollar exchange rate was also an advantage as oil is paid for in dollars.
Net profit over the first half-year was up 86% to €1.15bn on a turnover rise of 4.2% to €12.43bn. The positive results are mainly due to a 4.7% increase in passenger volumes. Air cargo was down 2.9% in the first half.

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