Air France-KLM expects a return to profitability for the full year and is adding transatlantic seats as an easing of travel rules revives prospects for the struggling carrier.
While the carrier declined to provide an outlook for 2022 because of uncertainty about the reopening of most Asian countries, it said demand during the summer high season was above expectations. Europe eased border curbs during that time and vaccinations emboldened governments to relax restrictions. The US is set to reciprocate starting on November 8.
Third-quarter earnings before interest, taxes, depreciation and amortisation of €796m were positive for the first time since the pandemic began and beat estimates compiled by Bloomberg. The airline expects the figure to be positive in the fourth quarter and slightly positive for the year.Air France-KLM saw a surge in ticket purchases for short and medium-haul flights over the summer as well as for long-haul destinations, which account for about three quarters of profit margins, Zaat said.
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