Air France-KLM said improving price trends helped it report better than expected third quarter profits, joining major European peers in benefiting from strong summer demand.
The Franco-Dutch company reported third quarter operating profit up 38.7 percent to 1.022 billion euros ($1.2 billion), against the average analyst expectation of 953 million in a Reuters poll.
Unit revenues - a closely watched measure of how much income is generates per unit of capacity - increased 4.1 percent in the quarter and Air France-KLM said it expected an increase in the fourth quarter as well, driven by long-haul bookings.
"Unit revenues in October were positive, forward bookings for November and December are ahead of last year," finance chief Frederic Gagey said.
Lufthansa last week said unit revenues rose 4.5 percent in the third quarter, outpacing British Airways-parent IAG, which saw a 2.2 percent rise as it added capacity from Aer Lingus and low cost unit Level to transatlantic routes.