HomeTravel NewsAir France KLM beats profit expectations for 2021

Air France KLM beats profit expectations for 2021

Air France-KLM has beaten its profit expectations for 2021 as transatlantic travel resumes.

The airline revealed a profit of 178 million in its annual reports.

 It turned a positive operating result in its fourth quarter as revenue more than doubled, following eased air travel restrictions.

The group was able to close 2021 with positive earnings of €745 million, up €2.4 billion from the year before.

Chief executive Benjamin Smith said: “For the first time since the beginning of the pandemic, the group posted better than pre-Covid results, with a positive operating result.

“While the end of the quarter saw the return of travel restrictions along with the Omicron variant, the overall performance reflects both the pent-up demand for travel and the outcome of our transformation efforts.”

The airline hopes to strengthen these figures and break-even in 2022.


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