Air Transport World

Air France KLM Group.(EUROPE Report)(revenue report)(Financial report)(Brief article)

Air France KLM Group reported net earnings of [euro]139 million ($202.6 million) in the fiscal third quarter ended Dec. 31, down 39.3% from [euro]229 million in the year-ago quarter as higher fuel costs, strikes, steeper taxes and revaluation of derivative instruments took their toll. Revenue rose 3.9% to [euro]5.98 billion and operating profit climbed 23.4% to [euro]311 million. But the company took an [euro]85 million nonoperating charge that impacted the net result, which suffered further against the year-ago figure because of a [euro]73 million swing in its tax bill owing to a credit received in 2006. …

Log in to your account to read this article – and millions more.