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Air France-KLM Shares Jump on June Traffic Rise, CEO Speculation

Ania Nussbaum, Albertina Torsoli
Air France-KLM Shares Jump on June Traffic Rise, CEO Speculation

Air France-KLM shares jumped the most in more than a year after a French newspaper reported that the troubled carrier is getting closer to appointing a new boss, and June traffic figures were better-than-expected. The French government -- the airline’s biggest shareholder -- is pushing Catherine Guillouard, who heads Paris metro operator RATP, as the future chief executive officer, French newspaper Le Figaro reported late Sunday, without saying where it got the information. On Monday, Air France-KLM reported passenger traffic rose 3.5 percent last month, with figures for the French arm doing better and growing faster than at KLM.