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Lufthansa and Air France-KLM defy trade war worries

European airlines Lufthansa and Air France-KLM reported higher second-quarter profits today defying worries that economic uncertainty and US tariffs might hit transatlantic travel.

Business • 31 Jul

Air France-KLM to take majority stake in SAS

Air France-KLM said today it plans to increase its stake in Scandinavian airline SAS to 60.5%, up from 19.9% currently, by acquiring the stakes held by top shareholder Castlelake and Lind Invest.

Business • 04 Jul

Europeans are booking fewer trips to the US since President Donald Trump entered office in January this year over fears tied to political risk and possible immigration challenges.

Economic worries may hit airline results as bookings drop

European airlines are set to report first-quarter results in the coming weeks, offering outlooks for the lucrative travel season amidst growing worries that economic uncertainty could slow demand and threaten earnings.

Business • 23 Apr

In November, the airline said discussions were underway about commercial cooperation with Air Europa

Air France-KLM in ongoing talks with Air Europa

Air France-KLM has met with Air Europa and is continuing talks about taking a stake in the Spanish carrier as it looks to expand its footprint in the Iberian peninsula, Chief Executive Ben Smith told Reuters today.

Business • 18 Mar

KLM today deemed its annual performance as 'disappointing' and warned cost pressures continued

Air France-KLM annual results top expectations

Air France-KLM have reported better than expected annual results today, citing reduced costs and a strong fourth quarter performance while its Dutch unit flagged ongoing pressures on profitability.

Business • 06 Mar

Air Europa is 20% owned by Aer Lingus and British Airways-parent IAG

Lufthansa in talks with Air Europa to buy stake - sources

German airline group Lufthansa is in talks with Spanish carrier Air Europa about the possibility of acquiring a minority stake, according to two sources with knowledge of the talks.

Business • 28 Jan

IAG dropped its plan in August to take over Air Europa after European anti-trust watchdog said the remedies offered by the airline group were not enough

Air Europa's owner confirms interest from Air France-KLM

Spanish airline Air Europa's owner Globalia said today there was an interest from Air France-KLM in potentially taking a stake in the airline.

Business • 27 Nov 24

The French-Dutch airline group's shares fell 11% and could see their biggest daily drop in over two years if the losses persist.

Air France-KLM warns of higher annual costs

Air France-KLM has reported a bigger-than-expected drop in its quarterly operating result and warned that this year's costs would be higher than previously projected.

Business • 07 Nov 24

KLM said it would 'reconsider and postpone' all investments, such as those in a new headquarters and maintenance buildings

Dutch airline KLM to cut investments due to rising costs

Dutch airline KLM will cut costs and postpone investments because of the rising cost of equipment, staff and airport fees, it said today.

Business • 03 Oct 24

Air France is seeing a €40m revenue hit from the Olympic Games in Paris, which open tomorrow

Air France-KLM misses profit forecast on higher costs

Airline group Air France-KLM has today reported a worse-than-expected 30% drop in quarterly operating profit, as higher labour and fuel costs erode margins even as revenues are boosted by higher fares.

Business • 25 Jul 24

Lufthansa is to cut operating costs, pause new projects and increase scrutiny on additional administrative staffing

Lufthansa, Air France-KLM to cut costs after tough Q1

Two of Europe's top airline groups, Lufthansa and Air France-KLM, today announced plans to cut costs after reporting wider first-quarter losses as they faced high customer payouts due to flight disruptions and labour disputes.

Business • 30 Apr 24

The Dutch court agreed with the greenwashing cliam, but did not impose any punishment on the airline - the Dutch arm of Air France-KLM

KLM ads misleading in 'greenwashing' case - court

A Dutch court ruled today that KLM had misled customers with an advertising campaign aimed at improving the company's environmental image, in a case of so-called "greenwashing".

Business • 20 Mar 24

Air France-KLM faced higher costs tied to supply chain-related disruptions during 2023

Air France-KLM posts record 2023 revenues

Air France-KLM swung to an unexpected loss in the last quarter of 2023, hit by higher costs and disruptions caused by conflict in the Middle East, sending its shares down 10% this morning.

Business • 29 Feb 24

Air France-KLM said it plans to to continue to invest in its fleet renewal

Air France-KLM forecasts pick up in margins for 2026-28

Air France-KLM has today forecast a pick up in operating margin for 2026-28 ahead of an investor day in Paris, predicting results would improve by €2 billion over the next five years and sending its shares higher.

Business • 14 Dec 23

SAS last year filed for bankruptcy protection in the US

SAS posts bigger Q4 loss, eyes end to Chapter 11

Scandinavian airline SAS has today reported a bigger than expected pretax loss in the fourth quarter as high fuel costs and a weak Swedish currency weighed on its results.

Business • 30 Nov 23

SAS, Scandinavia's biggest carrier, filed for bankruptcy protection in the US in the middle of last year

SAS gets US court nod for $1.2 billion lifeline

Scandinavian airline SAS said it has received US bankruptcy court approval for its 13.2 billion Swedish crowns ($1.3 billion) investment agreement with a consortium of Castlelake, Air France-KLM, Lind Invest and the Danish state.

Business • 22 Nov 23

Air France-KLM reported an operating profit of €1.34 billion for the third quarter, up 31% year-on-year but 2% below analysts' consensus forecast

Air France-KLM shares hit new low as Q3 underwhelms

Shares in Air France-KLM fell as much as 8% to an all-time low today as record third-quarter profits just missed expectations and some analysts worried about rising fuel costs and a lack of profit guidance for the fourth quarter.

Business • 27 Oct 23

Aer Lingus owner IAG is due to report quarterly results tomorrow

Jet fuel costs could cloud European airlines' earnings

Europe's major airlines are set for another bumper quarterly earnings season after a summer of record post-pandemic travel, but turmoil in Israel, the spillover impact on oil prices and worries about a global recession may cloud the outlook.

Business • 26 Oct 23

SAS, ravaged by the pandemic and pressured by low-cost rivals, had sought bankruptcy protection last year

Apollo seeking to join airline SAS investor consortium

US private equity firm Apollo Global Management is seeking to join the consortium that Scandinavian airline SAS last week picked to take it through bankruptcy proceedings, according to a source familiar with the matter.

Business • 16 Oct 23

US investment firm Castlelake and Air France-KLM are set to become new major shareholders in SAS alongside the Danish state following bankruptcy proceedings

SAS shares plunge 95% as restructuring wipes out owners

SAS shares slumped by as much as 95% today after the airline announced a financial restructuring on Tuesday to prevent bankruptcy, bringing on board big new investors and wiping out the stakes of its more than 250,000 owners.

Business • 04 Oct 23

Air France-KLM has inked a deal with Airbus for 50 new A350 planes

Air France-KLM says it plans to buy 50 Airbus A350 jets

Air France-KLM said it plans to order 50 Airbus A350 long-haul jets, together with purchase rights for an additional 40, in its largest-ever wide-body purchase as the Franco-Dutch group revamps its long-haul fleet.

Business • 26 Sep 23

Air France-KLM carried 24.7 million passengers in the second quarter, up 8.2% from a year earlier

Air France-KLM's robust Q2 profit overshadowed by costs

Air France-KLM's much higher-than-expected quarterly earnings today were overshadowed by its upward revision of unit costs due to inflationary pressures.

Business • 28 Jul 23

Air traffic controller strikes in France have led to delays and limited flights across the country, causing more air space congestion in Europe

European airlines call for prevention of more strikes

European airlines are calling on the European Commission to take more action to mitigate the impact of strikes on travel this summer, trade group Airlines for Europe (A4E) said in a statement today.

Business • 16 May 23

Air France-KLM said it was seeing strong summer ticket sales after its Q1 revenue rose 42% year-on-year to €6.33 billion

European airlines see strong summer bookings

Aer Lingus-owner IAG and Air France-KLM reported bumper summer bookings as travellers pressed ahead with holiday plans despite a cost-of-living crisis.

Business • 05 May 23

Air France-KLM's revenue grew 42% year-on-year to €6.33 billion - just beating expectations

Air France-KLM's first quarter revenue jumps 42%

Air France-KLM has today reported better-than-expected first-quarter revenue and robust cash flow as it benefited from a global recovery in air travel and strong summer ticket sales.

Business • 05 May 23