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Dutch airline KLM booked a higher-than-expected profit last quarter, despite the rise in fuel prices caused by ongoing conflicts in the Middle East.
The company reported revenue of 6.9 billion euros for the first half of 2026, an 8% increase compared to the same period last year.
The airline benefited from a decrease in flights from competitors like Qatar Airways and Emirates because of the unrest in the region.
“The measures we are implementing are having a positive impact on our results,” CEO Marjan Rintel said in a statement.
Those measures included passing on higher fuel prices to customers, particularly on long-haul flights.
Yesterday, the Air France-KLM airline group announced they had put in an offer for a stake in Portugal’s TAP airline. Lisbon said last year that it was seeking a major international airline to buy most of the 49.9 percent stake that it planned to sell.
German airline Lufthansa also submitted a bid.
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