PARIS: Air France KLM, which has been battling with disruption caused by strikes and uncertainty over its management structure, reported higher passenger traffic for June on Monday.
The company said the group overall — comprising the Air France KLM, Hop! and Transavia networks — carried a total of 9.3 million passengers in June, up 3.7 percent from a year ago.
The overall load factor, a measure of the extent to which an airline has filled its planes, rose to 89.3 percent in June from 87.7 percent last year, it said.
Air France KLM said last month that its search for a new chief executive was continuing, adding it hoped to reach a decision “as quickly as possible,” in the backdrop of concerns by some shareholders over the process.
The airline has been hunting for a new boss to fill a gap left by the abrupt departure of Jean-Marc Janaillac in May after staff rejected a pay proposal aimed at ending a series of strikes that have resulted in heavy losses.
Air France KLM’s June passenger traffic rises from year ago
Air France KLM’s June passenger traffic rises from year ago
Closing Bell: Saudi main index closes in red at 10,847
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 58.51 points, or 0.54 percent, to close at 10,847.93.
The total trading turnover of the benchmark index was SR3.78 billion ($1 billion), as 73 of the listed stocks advanced, while 187 retreated.
The MSCI Tadawul Index decreased, down 7.09 points or 0.48 percent, to close at 1,472.98.
The Kingdom’s parallel market Nomu lost 178.75 points, or 0.77 percent, to close at 22,916.83. This comes as 30 of the listed stocks advanced, while 37 retreated.
The best-performing stock was the Power and Water Utility Co. for Jubail and Yanbu, with its share price surging by 8.47 percent to SR31.24.
Other top performers included Saudi Paper Manufacturing Co., which saw its share price rise by 6.13 percent to SR53.70, and Jamjoom Pharmaceuticals Factory Co., which saw a 4.58 percent increase to SR137.
On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.14 percent to SR17.53.
Saudi Kayan Petrochemical Co. and Arabian Internet and Communications Services Co. also saw declines, with their shares dropping by 4.87 percent and 4.43 percent to SR4.88 and SR181.40, respectively.
On the announcement front, Saudi Kayan Petrochemical Co. announced its annual financial results for 2025, with sales dropping 3.06 percent year-on-year to SR8.45 billion. The company also recorded a net loss of SR893.86 million.
In a Tadawul statement, the company said the net loss and decline in annual sales were driven by a drop in average selling prices, despite higher sales volumes.
