Air France: Profits double.
Published: 01/06/08
Air France Airlines, part of the KLM Group, earlier this year increased airfares.
Despite this in the second quarter of this year Air France doubled their profit from what was estimated. They sold even more air travel tickets to emerging economy countries such as flights to china and flights to India.
This increase in Travel tickets sold has advanced the most in 5 years. Last year the same quarter of the year made Air France 374 million euros and 1.41 Euros a share, but this year these have raised to 736 million euros and 2.64 euros a share. The predicted profit for Air France on this quarter was 644 million Euros.
Their new flight services to China, flights to India, flights to Rio De Janeiro, Latin America and Africa are said to have attracted lots of travellers plus the ease of connecting flights in Amsterdam and Paris.