Air Transport World

Air France Group. (News Briefs: Europe Report).(financial reports)(Brief Article)

Air France Group eked out a tiny but noteworthy profit for its fiscal third quarter ended Dec. 31, with net income of [euro]2 million ($2.1 million) compared with a loss of [euro]131 million in the prior-year period. Group turnover, despite the "difficult economic situation and the sharp fill in the dollar," rose 7.9% to [euro]3.14 billion against a 3.7% increase in expenditures to [euro]3.13 billion, and operating profit of [euro]2 million compared with an operating loss of [euro]114 million in 2001.

For the nine months ended Dec. 31, AF Group reported a net profit of [euro]218 million, an increase of 43. …

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