4 ms·
$40B. Numbers mean nothing anymore
by dwayne_dibley 5mo ago
$40B. Numbers mean nothing anymore
- pcurve 5mo agoYup. You can actually buy several European airlines with that kind of money. For example, you can buy KLM Air france for less than $3B. It is a profitable business that does $30B in sales and $1B in profit. (and has been profitable since for the past 4-5 years)
- hayd 5mo ago"$30B in sales and $1B in profit." This margin seems terrible.
- oscarcp 5mo ago4% seems reasonable, it's pretty much standard across the board in Europe (median sits around 6% if I recall correctly), not many companies can pull 10% profit. For example in Spain, major conglomerates like INDITEX have a 11%, Iberdrola has a 10%. We also don't use the same metrics and parameters as the US for profit, so the values are skewed. That said, certain sectors like software (as in custom enterprise grade software dev) pull revenues that are much much higher sitting around 35%, but it's not that common.
- Jabbles 5mo agoIt has $40B in liabilities. [PDF] https://www.airfranceklm.com/sites/default/files/2026-02/2025.12-air-france-klm-consolidated-financial-statements-and-notes.pdf https://www.airfranceklm.com/sites/default/files/2026-02/202...
- nikcub 5mo agoAirlines are down there amongst cinema chains and video game retail stores in terms of being terrible businesses
- polski-g 5mo agoWant to know the easiest way to become a millionaire? First, become a billionaire. Then, start an airline.
- 0xBA5ED 5mo agoYes, and it's incredibly wasteful.
- mirekrusin 5mo agoyep, you know what's better than billions? trillions.
- wirgil1 5mo agotech is the biggest sector in the world. We're seeing what happens when those war chests for rainy days get brought out