Air France-KLM's shares were up 12.5% at €12.69 on the Paris stock exchange. (File pic)PARIS: Shares in Air France-KLM climbed over 12% Thursday after the carrier surprised investors with higher operating profit in the third quarter (Q3) despite a soaring jet fuel bill.
Like other airlines, Air France-KLM has raised ticket prices to cope with the surge in fuel costs as the US-Israeli war on Iran keeps global energy costs high.
Operating profit in the July to September period, one of the busiest for airlines, increased 10% to €1.35 billion (US$1.5 billion), the company said, with passenger traffic up 1.8%.
Unit revenue per available seat kilometres (ASK), a key profitability measure for the industry, rose 6.6% to €9.70 cents.
