Tag is: 2024

Air France-KLM sees improvement in performance as passenger demand grows

by the Logistics TransportIn the the General Assembly

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.”

Is this the most affordable country to buy a house in Europe?

by the Logistics TransportIn the Category: Logistics

According to a new report from BestBrokers ⁇ , Denmark is the most affordable country to buy a house in Europe according to the average income.

According to the findings of BestBrokers ⁇ , the IMF, real estate price expert Numbeo and TradingEconomics ⁇ in data, the average price of a 100-square-meter property corresponds to a net salary of 114 in Denmark ⁇ , ranking the Northern country as the most affordable country to buy a house in Europe ⁇ . .

Meanwhile, Denmark became the most expensive country in the EU in 2023 ⁇ (prices for goods and services according to Eurostat ⁇ %It was over 43) and the annual average earnings was the seventh highest in Europe.

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In the report, ⁇ As prices and incomes differ significantly from one country to another, the BestBrokers team decided to examine the real estate market based on how many months of salary is required to buy a house in various European countries. ⁇

The affordable price ranking is based on data that examines ⁇ real ⁇ mortgage interest rates, which are housing loan interest rates adjusted for housing prices, average net monthly income, inflation and inflation across 62 countries in the world.

Where in Europe does it take the longest to save money to buy a house?

According to this report, Ireland and Sweden are the second and third most affordable countries in Europe, capable of buying a 100-square-meter house with a net salary of 123 and 129, respectively. That's about a 10-year annual salary.

But there's one small problem, and that's that the census is purely theoretical. This means that spending on food, housing, childcare, or anything a person might need or want doesn't count.

In Europe, the Czech Republic and Slovakia are in the last place. In the latter, the average cost of a house of 100 square meters is 297 times the average salary that can be earned in almost 25 years. If someone can save half of their net salary, they'll still be thinking about the 50 years they've spent saving heavily to own a family home.

Real mortgage interest rates for the third quarter of 2024 in Europe

One of the most important data to analyze home prices and affordability was the counting of real mortgages in each country. The study used data on mortgage rates and projected inflation rates for the third quarter of 2024 to learn about the ⁇ real ⁇ mortgage rates for the third quarter of 2024 in various countries.

The report says that the actual mortgage interest rate reflects the actual cost of funds for the borrower and the actual return for the lender.

According to the report, the highest real mortgage interest rate is in Russia, where the state-sponsored mortgage program ended in July 2024.

According to the report, the nominal mortgage rate for the third quarter of 2024 %It's expected to be around 20.3. Do this for me %They adjusted it with projected inflation of 8 ⁇ , which means that the real mortgage rate is 2024 ⁇ te %He predicted it would be at 12.3. July-September 2024 period.

According to this calculation, real mortgage rates are high among other European countries. %6.65 in Latvia and %Poland is 5.1. In Germany it is 1.85% and in England it is 1.77%. the French (France%1,13), from Italy (%0.99) and the Netherlands (%0.96) in Europe's next largest economies. %It is around 1.

For example, in Belgium (-%0.52) and in Sweden (-%1.21) Negative real mortgage rates: ⁇ Do not suggest that there home buyers will eventually not pay interest on their mortgages; instead of borrowing the actual (nominal) cost may have fallen ⁇ he read the study.

How much does a 100-square-meter house cost per month around the world?

The country in the world where it is most convenient to buy a house according to the fees is South Africa, where people need 71 times the average fee to own a property of 100 square meters.

The United States ranked second in this ranking. However, property prices vary greatly from state to state. The report found that people in the U.S. need an average wage of 76 months to buy a home. This is equivalent to about six years of annual salary.

At the bottom of the ranking is Nepal, with 684 salaries required to buy a house. He is followed by Turkey with 631 people.Equivalent to 52.5 years of earnings.

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