For the first time since the start of the COVID-19 pandemic, Air France-KLM has achieved a significant increase in revenue growth and positive operating results due to the less stringent rules that have been imposed over the past two months within the European continent and further in the world.
According to Air France-KLM Group’s third-quarter review, shortly after the US announced that the country would reopen its borders to travelers from 26 countries in the Schengen area, bookings increased rapidly for November.
In addition, the Christmas and holiday season also contributed to an increase in bookings, along with the reopening of Canada and Singapore, TheSchengen.com reports.
Therefore, due to the increase in the number of people wishing to travel during the holiday season, the group expects a 70 per cent to 75 per cent increase in available passenger mileage of the Air France – KLM network for the fourth quarter of 2021 compared to 2019. .
With regard to available mileage capacity in the third quarter, the review showed an increase of about 63.7 percent compared to the same period last year.
“For the first time since the start of the Covid-19 crisis, third-quarter results show a positive operating result that encourages us to continue our efforts,” said Benjamin Smith, Group CEO of Air France-KLM, Air France-KLM’s board of directors.
As for revenue, the group revealed that its growth rose by 89.8 percent in constant currency to nearly 3.8 million euros. This means that third-quarter revenue is currently €4,567 million, an increase of €2,043 million over last year.
Similarly, the operating result increased by €1,179 million compared to 2020 and is now €132 million.
Moreover, on a constant currency and fuel price basis, unit costs during the third quarter decreased by 24.4 percent compared to the same quarter last year.
Through the same report, it was emphasized that sustainability is a key component of the group’s recovery strategy and an essential component of its structural transformation plan.
Therefore, the group has set goals to reduce its environmental footprint as well as deepen its societal and social contribution.
“Air France-KLM Group has committed to setting greenhouse gas emissions reduction targets in line with the Paris Agreements and based on scientific data (through the Science-Based Targets Initiative). This new commitment comes in addition to our goal of zero net emissions by 2050, Smith said.
Previously, Air France banned cloth face masks during its flights because they did not provide sufficient protection for passengers. The airline clarified that everyone over the age of 11 needs to wear a surgical mask or other authorized masks at the airport and during their flight.