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Air France-KLM's May Passenger Numbers Rose 3.3% From Last Year

Published on Jun 17 2019 9:30 AM in General Industry tagged: Trending Posts / Air France-KLM

Air France-KLM's May Passenger Numbers Rose 3.3% From Last Year

Air France-KLM carried a total of 9.2 million passengers across its networks in May, which is a figure that is 3.3% higher than the figure for the same period last year.

Air France-KLM's May passenger load factor - an industry metric that measures how much of an airline's passenger carrying capacity is used - also rose 1.8 percentage points from a year earlier to 87.3%.

Earlier this week, Aer Lingus and British Airways parent company International Consolidated Airlines Group (IAG) also reported higher passenger traffic figures for May, but the airline industry as a whole is facing pressures from trade wars and higher oil prices.

Q1 Loss

Air France-KLM posted a first-quarter loss in May, and the International AirTransport Association (IATA) body said in June that global airlines had slashed profit forecasts for 2019 due to concerns over the trade disputes and oil prices.

The French state holds 14.3% of Air France-KLM's share capital, while the Dutch state has a 14.0% stake. Delta Air Lines and China Eastern Airlines also each have stakes of 8.8% in Air France-KLM.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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