Air France-KLM and airberlin gain on October performance
Shares in Air France-KLM and airberlin both gained 0.8% as the carriers revealed healthy traffic results for Oct-2010.
Air France sees yield increases
Despite the disruption caused by repeated air traffic control strikes in France, Air France-KLM’s passenger and cargo activities maintained the positive trend seen over the past few months, with a further rise in traffic and load factors and a “marked improvement” in unit revenues last month.
Passenger traffic (RPKs) increased by 3.1% year-on-year in Oct-2010 on a slight increase in capacity (+1.0%), leading to a 1.7 point rise in load factor to a “very high” 84.2%. The carrier noted that unit revenue per available seat kilometre (RASK) excluding currency was “up strongly” compared with Oct-2009, with “dynamic” performances in economy and premium classes.
Air France-KLM’s cargo traffic rose by 6.4% on a 2.4% capacity increase, resulting in a 2.7 ppts increase in cargo load factor to 70.3%. Unit revenue per available ton-kilometre (RATK) excluding currency rose “strongly” versus Oct-2009.
The group recently published its schedule for winter 2010-11, with a moderate (+3.3%) increase in capacity, driven by targeted increases in long-haul (+4.1%) and virtually unchanged medium-haul capacity (+0.5%).
airberlin reports more pax, higher load factors
airberlin handled 3.5 million passenger in Oct-2010, representing a 7.6% increase year-on-year (including those traveling on the acquired NIKI and TUIfly routes). Passenger load factor averaged 80.3% last month, up 0.2 ppts.
Europe selected airlines daily share price movements (% change): 08-Nov-2010