Shares in Air France-KLM jump as forecast rises

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By TESTCustomwebLP TESTCustomwebLP October 28, 2010 13:50

Shares in Air France-KLM jump as forecast rises

Shares in Air France-KLM Group rose 4.2%, the most in three weeks, on the news the airline group was raising its full-year profit forecast.

Air France was up 3.1% in Paris and was the biggest winner in the eight-stock Bloomberg EMEA Airlines Index.

Yesterday Air France-KLM Group announced it had raised its full-year forecast, following a strong third quarter, to expecting a positive operating profit when it had been expecting only to break even. The airline was heavily impacted by the ash cloud, which wiped out €158 million ($219 million) in earnings.

Air France will publish its first-half results on November 17.

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By TESTCustomwebLP TESTCustomwebLP October 28, 2010 13:50
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