Air France – KLM Group raised its earnings forecast for this year on new routes that witnessed higher demand from consumers. The company’s announcement helped push the share higher where the company’s targeting an operating profit of $408 million for the 12 months ending March 31, 2011. Four new routes will be open to each Asian, African and Middle Eastern destination by 2014, accordingly, raising the capacity for those regions by 6.5 percent. CEO Pierre-Henri Gourgeon said that “The main purpose of our development in China is to have a good part of their huge potential for air transport.” The company’s share rose by 5.10 percent in trading, adding €0.68 to trade at €13.90 a share.
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