21-Nov-2008 2:40 PM
Air France-KLM's operating profit margin halved, vague outlook punished
Analysis
Air France-KLM reported a 44% reduction in operating profit to EUR405 million in the three months ended 30-Sep-08 (its fiscal second quarter). The airline's share price was hit hard yesterday on a lack of clarity about the carrier's outlook. Air France-KLM stated it now aims to report a "clearly positive" operating profit for the full year (barring worsening conditions) after it last month stated it would be unable to meet its previously targeted EUR1 billion operating profit.
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