Air France-KLM Second Quarter 2024 Earnings: EPS Misses Expectations

Air France-KLM (EPA:AF) Second Quarter 2024 Results

Key Financial Results

• Revenue: €7.95b (up 4.3% from 2Q 2023).
• Net income: €121.0m (down 75% from 2Q 2023).
• Profit margin: 1.5% (down from 6.3% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.46 (down from €1.79 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Air France-KLM EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 76%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Airlines industry in Europe.

Performance of the market in France.

The company's shares are up 1.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Air France-KLM you should be aware of.

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