Stock Market News
Air France-KLM maintenance arm aims for pre-COVID op profit in 2024
2023.06.21 05:28
© Reuters. A logo is seen on the facade of Air France-KLM building during the presentation of the group’s annual results in Paris, France, February 17, 2023. REUTERS/Benoit Tessier/File Photo
PARIS (Reuters) – Air France-KLM’s engineering and maintenance business is targeting a return to 2019 levels of operating profit in 2024, despite higher working capital, Anne Brachet, EVP of the division, said at the Paris Airshow on Wednesday.
The division, which repairs and maintains aircraft, needs to stock certain parts to avoid shortages as the broader industry wrestles with supply chain problems.
