Air France-KLM reports record quarterly revenue for late 2022

Air France-KLM Group revenues for 2022 came to €26.4bn (US$28.03bn) and included its highest ever fourth quarter (Q4) of over €7bn. The group reported an operating result at €1.2bn with operating margin at 4.5% above 2019 level, which it said came despite high fuel prices, with a positive net income of €700 million. “In response to the rise in fuel prices and other external costs, the group proceeded to several fare increases during 2022 across all flights. The amount of the increase varied according to destination and class of travel, and applied to flights operated by Air France and KLM,”