Amstelveen,
10
November
2011
|
01:00
Europe/Amsterdam

Financial year 2011

Summary

QUARTER JULY-SEPTEMBER 2011: 2.1% rise in revenues to 6.79 billion euros; Operating costs excluding fuel bill under control; Operating result of 397 million euros.

HALF YEAR APRIL-SEPTEMBER 2011: 5.2% rise in revenues to 13.0 billion euros; Operating result of 252 million euros.

The Board of Directors of Air France-KLM, chaired by Jean-Cyril Spinetta, met on 9th November 2011 to examine the accounts for the half-year April-September 2011.

Jean-Cyril Spinetta made the following comment: “Despite the many measures pursued over the last three years, our insufficient profitability in recent quarters, in an economic environment affected by the weak global demand and high oil prices, shows that we need to go further. This context requires the new management to focus on three priorities. The first is the re-establishment of the Group’s competitiveness, implying additional cost savings. The second is the restructuring of our short and medium-haul activity. The third is a rapid reduction in our debt. An action plan for these priorities will be presented during the first quarter of 2012. I am confident that both Air France and KLM will be able to deliver an effective response to these new challenges.”

Boilerplate

About KLM

KLM Royal Dutch Airlines was founded in 1919, making it the world's oldest airline 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 names and hubs —Amsterdam Airport Schiphol and Paris Charles de Gaulle. The two airlines collaborate on three core activities while maintaining their own identities — passenger transport, cargo, transport, and aircraft maintenance.

In the Netherlands, KLM comprises the core of the KLM Group which further includes KLM cityhopper and transavia.com. KLM serves 135 destinations using a modern fleet of 157 aircraft and employs over 33,000 people around the world. KLM is a leader in the airline industry, which offers reliable operations and customer-oriented products resulting from its policy of enthusiasm and sustainable innovation.

KLM is a member of SkyTeam, an airline alliance offering a network of 926 destinations in more than 173 countries. The KLM network connects the Netherlands to every important economic region around the world and, as such, serves as a powerful driver for the Dutch economy.

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