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Air France-KLM's September Passenger Traffic Rises From A Year Ago

Published on Oct 14 2019 10:30 AM in General Industry tagged: Trending Posts / Air France-KLM

Air France-KLM's September Passenger Traffic Rises From A Year Ago

Air France-KLM has reported higher passenger traffic figures for September as the carrier looks to benefit from the collapse of the two of its smaller French competitors.

Air France-KLM said that it carried approximately 9.3 million passengers in September, up 2.2% from last year.

The group has been reporting higher traffic figures for 17 months running.

The airline's load factor increased by 0.6 percentage points to 89.2% from last year, the company said.

Last month, Air France-KLM CEO Ben Smith said that a market consolidation through the bankruptcies of certain carriers would eventually benefit the country's aviation industry and jobs.

Stakes

The French state has a 14.3% stake in Air France-KLM, while Delta Airlines and China Eastern Airlines each hold an 8.8% stake in the group.

Aigle Azur And XL Airways

Last month, Air France withdrew a rescue bid for Aigle Azur, which has been formally wound down, and has since rebuffed overtures by XL Airways, another insolvent carrier.

A long line of small European airlines have run into trouble faced with industry overcapacity, cut-throat competition and high fuel prices. Airlines Germania, Flybmi and Iceland's WOW have all failed this year.

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

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