Air France-KLM Shares Hit 7-Month High
Air France shares surged to a seven-month high after it posted better-than-expected full year profits and pledged further cost reductions to boost capacity and offset rising fuel costs
Air France-KLM (AFLYY) shares surged to a seven-month high Thursday after the flagship carrier posted better-than-expected full year profits and pledged further cost reductions in order to boost capacity and offset rising fuel prices.
Air France shares rose by more than 8.2% in early Paris trading to change hand st €5.91 each, the highest since July 2015, before paring gains to €5.85. Over the past three months, the shares have gained nearly 9%, nearly double the 4.9% advance for the Stoxx Europe TMI Airlines index.
