Amstelveen,
31
October
2012
|
07:59
Europe/Amsterdam
Financial Year 2012 - Quarter July-September 2012
Summary
- Operating result of 506 million euros (397 million euros at 30th September 2011)
- Good improvement in passenger activity but deterioration in cargo
- Revenues of 7.2 billion euros (+6%)
- Ongoing reduction in unit costs at constant currency and fuel price
OUTLOOK
- Unchanged objectives of second half operating result above last year’s level and reduction in net debt
The Board of Directors of Air France-KLM, chaired by Jean-Cyril Spinetta, met on 30th October to examine the accounts for third quarter 2012.
The group realised a satisfactory third quarter across all its businesses with the exception of cargo. In passenger, the limited capacity increase in the industry led to an improvement in unit revenues, which, for the group, were also helped by a positive foreign exchange effect due to the depreciation of the euro versus other currencies. On the other hand, the cargo business continued to deteriorate over the quarter. As previously indicated, measures undertaken in the context of the plan Transform 2015 are starting to have a significant impact on costs.
(!) on the right side of this page you can download the complete overview of the Financial Year 2012 - Quarter July-September 2012 document (PDF).
Boilerplate
About KLM
KLM Royal Dutch Airlines was founded in 1919, making it the world’s oldest airline still operating under its original name. In 2004, Air France and KLM merged to form AIR FRANCE KLM. The merger produced the strongest European airline group based on two powerful brands and hubs – Amsterdam Airport Schiphol and Paris Charles de Gaulle. Retaining its own identity, the group focuses on three core businesses: passenger transport, cargo and aircraft maintenance.
In the Netherlands, KLM comprises the core of the KLM Group, which further includes KLM Cityhopper, transavia.com and Martinair KLM serves all its destinations using a modern fleet and employs over 33,000 people around the world. KLM is a leader in the airline industry, offering reliable operations and customer-oriented products resulting from its policy of enthusiasm and sustainable innovation.
KLM is a member of the global SkyTeam airline alliance, offering customers an extensive worldwide network. The KLM network connects the Netherlands to every important economic region in the world and, as such, serves as a powerful driver for the economy.
About SkyTeam
SkyTeam is a global airline alliance providing customers from member airlines access to an extensive worldwide network offering more destinations, more frequencies and more connectivity. Passengers can earn and redeem Frequent Flyer Miles throughout the SkyTeam network. SkyTeam member airlines offer customers access to over 490 lounges worldwide.
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