Air France-KLM's Result Shows Worsening Unit Cost Trend -- Market Talk

Dow Jones11-07

1021 GMT - Air France-KLM's third-quarter result shows that the company's unit cost trend is worsening, Stifel's Johannes Braun writes. The company reported EBIT of 1.18 billion euros, missing company-provided consensus of 1.25 billion euros. Cost growth excluding fuel of 3.4% came in better than the 4% Stifel had anticipated for the quarter. However, an improvement in the fourth quarter is now no longer expected, the analyst says. The Franco-Dutch carrier raised its 2024 unit cost growth outlook to around 3% from 2% previously, implying 3% on year growth in costs for the fourth quarter as well, Braun says. Shares trade 11% down to 7.89 euros. (pierre.bertrand@wsj.com)

(END) Dow Jones Newswires

November 07, 2024 05:21 ET (10:21 GMT)

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The Franco-Dutch carrier raised its 2024 unit cost growth outlook to around 3% from 2% previously, implying 3% on year growth in costs for the fourth quarter as well, Braun says. Shares trade 11% down to 7.89 euros. 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The company reported EBIT of 1.18 billion euros, missing company...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4008","symbol_name":"航空公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481297556","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481297556","pubTimestamp":1730974860,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1021 GMT - Air France-KLM's third-quarter result shows that the company's unit cost trend is worsening, Stifel's Johannes Braun writes. 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