Air France-KLM Retreats as Worries Mount on Pace of Rebound
- Company trims capacity guidance amid strikes, engine shortages
- Results contrast with IAG’s raised 2023 profit forecast
The global aviation industry has enjoyed a robust comeback since most countries lifted their coronavirus restrictions and people resumed travel for business and leisure.
Photographer: Christophe Morin/BloombergThis article is for subscribers only.
Air France-KLM left investors guessing about the strength of its recovery, abstaining from a full-year profit forecast and trimming its capacity prediction as French air-traffic control strikes and engine shortages inject uncertainty into the outlook.
Shares in the Franco-Dutch group fell as much as 6.3% , slipping to their lowest level in more than three months, as its muted assessment contrasted with a raised 2023 forecast from British Airways owner IAG SA.