Air France-KLM Profit Triples as Cuts Loom
Air France-KLM Group said its third-quarter profit tripled to the highest level in at least a decade, spurred by strong summer sales, lower fuel prices and a lull in industrial action that hurt year-ago figures. Earnings before interest and tax rose to 898 million euros ($980 million) from 247 million euros in the equivalent period in 2014, when a weeks-long pilot strike wiped 330 million euros from earnings, Europe’s biggest carrier said in a statement. Analysts had predicted a figure of 808 million euros, on average.
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