Passenger Revenue Boost for Air France-KLM
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Air France-KLM on Monday posted a 61 percent rise in revenue in the group&#39;s fiscal second quarter, boosted by the merger between the French and Dutch carriers and a strong rise in passenger and cargo revenue.
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PARIS, Aug 18  - Air France said Wednesday it was increasing its fuel surcharge by EUR 12 (USD 14.82) on long-haul flights from Monday until there is a month-long dip in oil prices.
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Aug. 18 (Bloomberg) -- Air France and its KLM Royal Dutch Airlines NV unit are imposing fare surcharges to help pay for higher fuel costs, following similar moves by British Airways Plc and Deutsche Lufthansa AG, amid record-high crude oil prices.
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The airline said earnings were hurt by higher oil prices, strikes and special items, but said its operating profit rose as it attracted more passengers.
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Â· Above-inflation fare rises will stay, passengers told Â· New focus on 'carbon, capacity and customers'
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Budget airline Easyjet says rising passenger numbers will deliver pre-tax profit growth of 40-50% this year.
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Low-cost airline Easyjet says strong passenger numbers mean it will make better-than-expected annual profits.
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German stocks rose, led by TUI AG after the tour operator&#39;s German low-cost airline unit said it plans to boost the number of passengers on its flights by about 40 percent next year amid higher demand.
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No-frills airline Ryanair posted a forecast-beating jump in half-year profit after its low fares drew in summer passengers and was surprisingly upbeat on the full year, boosting its shares.
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France is selling almost half its stake in Air France KLM, in a deal set to raise at least 700 million euros ($933 million), sources close to the operation said.
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Air France-KLM, the world's largest airline by revenues, came a step closer Friday to controlling the near-bankrupt Alitalia after the Italian government said it could begin exclusive takeover talks.
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Higher passenger numbers helped Irish budget airline Ryanair increase earnings by 14.9 percent in the latest quarter despite rising fuel costs, the company said Tuesday.
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Scandinavian Airlines, which is part of travel conglomerate SAS AB, said Tuesday it flew 2.5 million passengers last month, an increase of 1.6 percent compared to November 2003.
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Continental Airlines  posted a better-than-expected 15 percent increase in quarterly earnings on Thursday on strong demand for trans-Atlantic and other international flights.
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Air France-KLM's  bid for Alitalia  includes a share swap and a capital hike of 750 million euros ($1.09 billion), with up to 1,700 job cuts, Air France's Chairman Jean-Cyril Spinetta was quoted as saying.
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Air France-KLM's  bid for loss-making Alitalia  includes a share swap and a capital hike of 750 million euros ($1.09 billion), with up to 1,700 job cuts, Air France's Chairman Jean-Cyril Spinetta was quoted as saying.
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European no-frills airline Ryanair&#39;s profits have risen a forecast-beating 18 percent in the first half of the year, the carrier has announced, with an upbeat view for the full year also cheering investors.