A post by @FirstSquawk on X.

Air France-KLM reported third-quarter net income of €908 million, beating the €730.8 million estimate, alongside operating income of €1.34 billion, up 11% year over year, on revenue of €9.92 billion that fell just short of the €9.96 billion consensus. Adjusted free cash flow swung to €426 million from €3 million a year earlier, and the carrier reiterated guidance for full-year net capex below €3 billion and capacity (ASK) growth of 2%. The profit beat and cash-flow recovery matter as evidence that cost discipline and demand are holding up despite softer-than-expected top-line revenue. Watch whether the revenue miss pressures unit revenue trends in coming quarters and whether the reaffirmed capex and capacity targets hold through the winter schedule.