Air France-KLM Q2 operating profit drops 30% to €513M due to higher fuel and labor costs, Olympic Games impact leading to a hiring freeze and cost cuts.
Air France-KLM reported a Q2 operating profit drop of 30% to €513M, citing higher fuel and labor costs. The company estimates a €200M summer loss due to the Olympic Games in Paris, impacting its Q2 results and leading to a hiring freeze and cost cuts. Despite the challenges, Air France-KLM's Q2 revenue increased by 4% to almost €8B, with a 4.4% increase in passengers compared to 2022.
July 25, 2024
5 Articles