Air France profits from KLM buy
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Air France's 800m euro merger with KLM seems to be paying off as it reports upbeat second-quarter profits and forecasts full-year growth.
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Air France-Klm e compagnia bandiera perdono in borsa
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Air France-KLM  on Thursday posted a 32.5 percent rise in 2006-07 operating profit, led by passenger traffic growth, and announced a plan to save 1.4 billion euros over three years, boosting its shares.
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The French government has announced its selling 17.7 percent of Air France-KLM Group, the manager of the sale said. France is going to sell â¬693 million of the Europe&#39;s biggest airline, or $922 million of
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Ryanair, Europe's biggest budget airline, reports a 33% rise in profits, lifted by higher ticket prices and charges.
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HervÃ© Gaymard, France&#39;s new finance minister, yesterday made his first move towards reducing the state&#39;s hefty budget deficit by selling almost half of the government&#39;s holding in Air France-KLM for a total of â¬682m ($906m).
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German airline Lufthansa posted a 125 million euro ($155 million) net profit in the third quarter, more than making up losses from a year ago thanks to stronger demand for air travel, the company said Thursday.
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French auto group PSA Peugeot Citroen reported on Wednesday a near five-fold profits leap on cost-cutting and strong sales.
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German airline Lufthansa posted a euro125 million (US$155 million) net profit in the third quarter, more than making up losses from a year ago thanks to stronger demand for air travel, the company said Thursday.
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Air Berlin reports a return to profit as new routes and the acquisition of a rival airline boost sales.
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Air France-KLM appeared best placed to buy Alitalia, ahead of Italian company Air One, as Alitalia's board prepared to meet on Friday on which rescue plan to recommend to the government.
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Air France-KLM said Thursday that fiscal second-quarter profit rose 26 percent, but shares of Europe's biggest airline fell as much as 8 percent after it announced tentative talks on a tie-up with Alitalia.
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Air France KLM said it is looking at the possibility of a tie-up with Spanish airline Iberia, which is already a takeover target.
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Air France has exercised an option to buy four Boeing long-haul 777-300s, with a combined catalog price of 872-982 million dollars (669-753.4 million euros), the French airline told AFP.
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Air France KLM said on Wednesday it would slash KLM ticket prices to all 66 European destinations from Amsterdam by around 40 percent on Jan. 1 in an attempt to compete more effectively with low-cost carriers.
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The French government said it would sell part of its 44 percent stake in Air France-KLM, the recently combined airline group.
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Tra le due compagnie, progressione maggiore per KLM