{
  "id": 18291785,
  "title": "Air France-KLM shares jump as profits rise despite fuel costs",
  "url": "https://urgent.news/2026/11/05/air-france-klm-shares-jump-as-profits-rise-despite-fuel-costs-18291785",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T10:35:57.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/11/05/air-france-klm-shares-jump-as-profits-rise-despite-fuel-costs"
  },
  "original_language": "en",
  "account": "Shares in Air France-KLM soared 12.5% to €12.69 on the Paris stock exchange on Thursday. The airline defied expectations by reporting a higher operating profit in Q3, despite a significant increase in jet fuel costs. The company attributed its improved performance to higher ticket prices, which helped offset the effects of the soaring fuel bill. Air France-KLM's operating profit for Q3 rose 10% to €1.35 billion, driven by a 1.8% increase in passenger traffic. Unit revenue per available seat kilometre (ASK), a key profitability metric, climbed 6.6% to €9.70. The airline expects total fuel costs to reach €9.3 billion for the full year, a €2.3 billion increase from the previous year. Air France-KLM's CEO, Benjamin Smith, credited the company's strategic decisions, such as its move upmarket, for the positive outcome. KLM, the Dutch unit of Air France-KLM, plans to implement further structural measures, including a 15% job cut, with around 5,000 positions reorganized. The airline aims to boost earnings by €1 billion annually.",
  "summary": "Operating profit in the July to September period, one of the busiest for airlines, increased 10% to €1.35 billion, with passenger traffic up 1.8%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}