Air France-KLM takes off on
Photo: Håkon Mosvold Larsen/NTB/TT

Air France-KLM takes off on the Paris Stock Exchange, up 11 percent after results above expectations for the latest quarter

SAS owner Air France-KLM is up 11 percent on the Paris stock exchange after the airline reported results above expectations for the latest quarter.

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The airline's revenue rose to 8.19 billion euros. Analysts had expected, on average, revenue of 8.13 billion euros, according to a Bloomberg report.

The company also predicts that capacity will increase by three to five percent in the coming year.

However, Air France-KLM says the unfavorable weather in Amsterdam and Paris at the beginning of the year is likely to weigh on next-quarter results by around 90 million euros.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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