The company announced on Thursday that Air France-KLM will increase ’'s revenue by 2024. %It announced an increase of 4.8 to 31.5 billion Euro’.
In 2024, earnings before interest, tax, depreciation and depreciation (EBITDA) amounted to 4.2 billion euros, an increase of 36 million euros annually.
They come in the fourth quarter. %Increased by 6.4 to 7.9 billion Euro’.
The main reason for this was the strong demand for passengers, especially in premium cabins and in the North Atlantic market.
Shares of Air France-KLM’ on Thursday morning Increased above ’.
A less positive development is that revenue from the firm's operating activities amounted to €1.6 billion at 2024’, indicating a decline of €111 million.
Net income in 2024’te was 489m euros, down 501m euros.
The airline's cargo division also experienced a strong peak season in 2024’te compared to the previous year, partly driven by growing Asian demand.
Aside from increasing e-commerce orders, disruptions in ocean shipping, which continue mostly due to unrest in the Red Sea ’, have contributed to better cargo performance.
Air France-KLM’'s fuel costs in the fourth quarter were also lower than expected.
Air France-KLM CEO Benjamin Smith said in a statement that ’Air France-KLM achieved a particularly strong result in the fourth quarter of 2024“, completing a year shaped by both operational and external challenges. Throughout these downsides, we have remained true to our commitment to delivering world-class, customer-centric service and advancing our sustainability roadmap through continuous fleet renewal and ambitious SAF initiatives, ” said.
“We have also expanded our global reach by offering new routes and strengthening strategic partnerships, including our recent acquisition of a minority stake in SAS’, which is already delivering promising results. We will continue to implement our strategic roadmap for 2025’te and continue the transformation as our number one priority. In this context, we maintain our confidence in achieving our medium-term goals through a disciplined approach to capital allocation and cost efficiency, ” said.
KLM reports disappointing results for 2024
KLM posted weak earnings for 2024, falling 234m euros to 416m euros as a result of the activity.
They will come %Although it increased by 5.4 percent, earnings were still limited due to increased equipment, airport fees, and staff costs.
The airline plans to increase the EBITDA ’ to “ 450 million euros in the near term, and will be operating between 2026 and 2028. %He announced that he was targeting 8 profit margins.
This is expected to go a long way in supporting the airline's future strategic and fleet renewal plans.
KLM CEO ’ Marjan Rintel, our “2024 results show two different aspects. On the one hand, we still have our flight capacity. %We don't work at 100’, and costs continue to rise sharply. As a result, we risk not earning enough to continue investing in our future, but I am confident that our plans will help us improve our operations and finances in the long run, ” said.
The year “2024 also brought good news and progress. We saw increased customer demand for airline tickets, provided operational improvements, welcomed the first Airbus A321neo’ and successfully completed the transformation of our highest-rated class, our Premium Comfort Class.”
