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Air France-KLM reduces losses in first quarter as travel spikes amid falling fuel prices

  • Air France-KLM reported a €249 million loss for Q1 2024, down from over €500 million in the same period last year.
  • The reduction in losses resulted from sustained travel demand and lower fuel prices amid challenges in 2024 like plane shortages and a strong dollar.
  • The group carried 21.8 million passengers between January and March 2024, up 4.5% from last year, with mixed transatlantic reservation trends.
  • Air France-KLM’s turnover rose eight percent to €7.2 billion, while 2025 fuel costs are estimated at €6.7 billion, down from €7.3 billion in 2024.
  • The improved first-quarter performance suggests a gradual financial recovery, although several 2024 constraints limited the group’s annual net profit to €317 million.
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stocktitan.net broke the news in on Wednesday, April 30, 2025.
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