Air France KLM’s board said it is ‘very encouraged’ by its transformation plan after seeing an improvement in its operating result for Q3.
The group posted an operating result of EUR634 million in Q3 this year, up from EUR491m in 2012.
In the entire nine months up to 30 September its operating result went up from EUR183m in 2012 to EUR382m this year.
Cost reductions have helped the carrier increase its numbers, although chairman Alexandre de Juniac admitted difficulties in some parts of the business.
“The group continued to improve its operating result during this quarter. This is very encouraging since it shows that the roll-out of the measures in the Transform 2015 plan is proceeding in line with our expectation,” he explained. “However, it was considered necessary, last September, to supplement them with additional measures to strengthen the Group within the prevailing uncertain economic environment, particularly in the medium-haul and cargo sectors which are facing major difficulties.”