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Last Updated: Friday, 13 August, 2004, 08:43 GMT 09:43 UK
Sales climbing at merged airline
Plane taking off
Air France and KLM merged in May
Europe's biggest airline, Air France KLM, has reported a 12.3% rise in first quarter sales.

The figures, for April through to June, were the first consolidated data published by the group since Air France acquired Dutch carrier KLM in May.

Turnover in the first financial quarter was 4.463bn euros (�3bn; $5.47bn) against a comparable 3.974bn euros.

The figures come after German carrier Lufthansa posted quarterly profits of 149m euros, up from 65m euros.

Lufthansa said if fuel costs did not escalate, it expected to see an operating profit of around 300m euros for the year.

Meanwhile, Air France said its contribution to the first quarter 2004/05 turnover at the new combined airline amounted to 3.36bn euros, up 11.8% on last year.

KLM's two-month contribution was 1.10bn euros, up 14.3%.

The merged company owns 100% of both airlines but KLM has remained Dutch - with 51% of its voting rights held by the state and two foundations - allowing KLM to retain its foreign landing rights.




SEE ALSO:
Air France seals takeover of KLM
04 May 04  |  Business
Air France opens offer to buy KLM
05 Apr 04  |  Business
Air France and KLM get go-ahead
11 Feb 04  |  Business
European airlines join forces
30 Sep 03  |  Business
Does KLM-Air France make sense?
30 Sep 03  |  Business
Sars sends KLM into record loss
08 May 03  |  Business


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