Air France-KLM cuts capacity guidance but points to ‘strong’ transatlantic premium market

Air France-KLM announced a reduction in its full-year capacity guidance following a significant decline in second-quarter net profit, which experienced a 70% decrease due to elevated fuel costs. During the second quarter, the Franco-Dutch airline group successfully recovered 85% of the additional fuel expenses incurred. Despite this substantial drop in profitability, Air France-KLM highlighted a ‘strong’ performance within the transatlantic premium market segment. This recovery demonstrates an ability to mitigate some of the impact from rising fuel prices. The company's strategic focus remains on capitalizing opportunities within this high-demand sector while adjusting operational plans.