Air France-KLM reports first profit since 2010

Shares in Air France-KLM soared to a nine-year high yesterday, on the back of Europe’s largest airline group reporting its first annual profit since 2010.

A near 7% drop in fuel costs and a 3% rise in passenger numbers to 89.8m helped turn 2014’s €129m operating loss into an €816m operating profit for 2015.

That easily beat analyst estimates for a profit of €544m.