Air France-KLM has reported disappointing third quarter financial results, with net profits dropping €420 million to €366 million for the three months to September 30th. There was, however, a two per cent gain in revenue to €7.7 billion.

Virgin Atlantic is partnering with Air France-KLM to enhance the bluebiz small and medium-sized enterprise corporate loyalty programme in the UK. These up-and-coming businesses have always been key to the Virgin Atlantic brand, the airline said.

Current Air Canada chief operating officer Benjamin Smith has been selected by Air France-KLM as its next chief executive. Smith has played a major role at Air Canada over the past two decades, and becomes the first overseas leader of Air France-KLM.

Air France-KLM has completed the acquisition of a 31 per cent stake in Virgin Atlantic currently held by Virgin Group. The deal is valued at around £220 million and is part of an expanded transatlantic joint venture with Delta Air Lines.

American Express Global Business Travel has reached an agreement with Air France-KLM that enables customers to bypass a surcharge on air fares through participating global distribution systems, while maintaining access to content.

Travelport and Air France KLM have signed an agreement for the distribution of content through the tech giant’s platform. Air France, KLM and Hop! content on Travelport’s platform will include the company’s leading rich content, branded fares, fare families and multiple ancillaries.