The profit of Air France-KLM was halved in the third quarter, according to the presentation of the quarterly figures on Thursday. The airline carried more passengers and also recorded a slightly higher turnover, but the company saw fuel costs rise and lost 100 million euros in phasing out the Airbus A380s.
Below the line, the company had 366 million euros, a decrease of 420 million euros. A stronger dollar in September also depressed earnings.
Air France-KLM expects the fuel bill for the whole of 2019 to increase by 600 million euros to 5.5 billion euros compared to the previous year. The forecast is based on figures from 25 October.
Air France-KLM transported 29 million passengers in the third quarter. This amounts to an increase of 2.1 percent.
Last summer the airline already reported that the Airbus A380s are retiring. Then an order of sixty Airbus A220s with an option for another thirty was also announced. By 2022, the last A380 will be said goodbye.