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The carrier said pricing and cost discipline helped to largely offset the sharp increase in fuel prices.
Air France-KLM cut full-year capacity guidance on Thursday despite a lower than expected drop in second-quarter profit after revenue gains from premium and long-haul travel.
Portugal is set to receive binding bids on Wednesday from Air France-KLM and Lufthansa for a minority stake in TAP, kicking off the final battle for one of Europe's few remaining standalone flag carriers.
Investors have continued to unwind bearish bets against European airlines over the past month, according to Citi. The bank published fresh positioning data, drawn from its quantitative team, showing how investors are betting on the sector.
Lufthansa has a strong interest in acquiring a minority stake in Portugal's flag carrier TAP and plans a maintenance hub in the country, its CEO said on Monday, as the German group readies a rival bid to Air France-KLM.
In an interview at the IATA annual meeting in Rio de Janeiro, Air France-KLM CEO Benjamin Smith said the airline may need to raise ticket prices to compensate for rising fuel costs sparked by war in the Middle East. The carrier is also looking to reopen routes to the region when it's safer.
Air France-KLM CEO Ben Smith speaks at the International Air Transport Association (IATA) saying "we'll make do" with the availability of fuel and the that he expects 5-10% of customers to return, when flights through the Gulf return to full capacity.
Air France-KLM CEO Benjamin Smith discussed the airline's cautious approach to resuming flights in the Gulf region, confirming the return to Riyadh while other destinations like Dubai, Tel Aviv, and Beirut remain closed. -------- More on Bloomberg Television and Markets Like this video?
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