KLM Newsroom

KLM traffic figures: Excellent growth in passenger numbers and increasing cargo load factor

Fri, 11 May 2018 07:36:00 +0200

KLM welcomed 5.2% more passengers on board in April compared to the same month last year. With a 4.0% increase in passenger kilometres and a 3.3% increase in seat kilometre capacity, load factor increased by 0.6%^pts.

Transavia Netherlands saw a decline in growth compared to the same month last year. A decrease in passenger kilometre traffic and a decrease in capacity resulted in a slightly lower load factor. KLM Cargo’s load factor increased by 1.9%^pts with slightly lower traffic and decreased capacity.

KLM First Quarter (Q1) results 2018

Fri, 04 May 2018 07:15:00 +0200

(*) The joint Air France KLM First Quarter (Q1) 2018 results are available in the download box of this message.

KLM traffic figures: strong growth in February

Thu, 08 Mar 2018 07:30:00 +0100

Transavia in the Netherlands also had a good month compared to the February 2017. Increased traffic coupled with increased capacity generated far greater load factor. At KLM Cargo, traffic increased significantly by 2.5% against a slight increase in capacity of 0.3%. This served to boost cargo load factor by 1.4% points.

(*) The joint Air France KLM Traffic results February are available in the download box of this message.

Good KLM traffic figures in October

Thu, 09 Nov 2017 07:35:28 +0100

Transavia also benefitted from the rising market demand and saw an increase in capacity, number of passengers, and load factors. At KLM Cargo, a slight increase in capacity of 0.5% resulted in a 1.4% drop in transport, which reduced the cargo load factor by 1.2 percentage point.

(*) The joint Air France KLM Traffic Results of october 2017 are available in the download box in this message.

KLM results improve in third quarter

Fri, 03 Nov 2017 07:30:00 +0100

The joint Air France KLM third quarter 2017 are available in the download box in this message.

Passenger traffic increases further in September

Mon, 09 Oct 2017 07:42:23 +0200

With capacity up 2.1%, load factor increased by 1.4 points to 90,1%. Growth was strongest on European routes in terms up capacity (up 5,8%), passengers (up 8,3%) and load factor (up 2,5 points). At Transavia, capacity, passenger numbers, and occupancy rates also increased.

KLM Cargo saw traffic decline by 2,4%, which was more than the 0.8% decrease in capacity. As a result, cargo load factor was down 1.1 point.

The joint Air France KLM traffic results for September 2017 are available in the download box in this message.

KLM traffic in August 2017: 8 million passengers in two months

Fri, 08 Sep 2017 10:26:56 +0200

Network-wide, the increase in capacity was restricted to 1.8% (in ASKs). Load factor did, however, increase by 0.7 point to 91.4%. In total, KLM (including Transavia) carried more than 8 million passengers in the two summer months. At Cargo, traffic declined by 2.8%, which was lower than the decline in capacity of 3.6%, resulting in a 0.5-point increase in load factor, as was the case last month.

The joint Air France KLM traffic results for July 2017 are available in the download box in this message.

KLM traffic figures for July 2017: Upward trend continues

Tue, 08 Aug 2017 09:58:26 +0200

KLM welcomed 6.5% more passengers in July against a 2.4% increase in available capacity. This brings the load factor to a record high of 91.7%, an increase of 1.2 percentage points compared to the same month last year. At Transavia, capacity, passenger numbers, and occupancy rates also increased.

At KLM Cargo, the 2.3% drop in cargo transport was less strong than the 3.2% decrease in capacity, which increased the cargo load factor by 0.6 percentage point.

The joint Air France KLM traffic results for July 2017 are available in the download box in this message.

Air France KLM First Half 2017 Results.

Fri, 28 Jul 2017 07:15:00 +0200

TRUST TOGETHER

Major advances in strengthening the network of alliances
Air France Pilot agreement paving the way for the creation of Joon
Air France Cabin crew signed 5-year labor agreement

OUTLOOK

Long haul forward bookings for coming four months above previous year’s level
Unit revenue variation at constant currency expected to be slightly up for the Second Half 2017
Despite the negative effects of the increased load factor and profit sharing on the unit cost evolution, the Group is expecting a unit cost reduction for 2017 between 1.0% and 1.5% at constant currency, fuel price and pension related expenses.
Expected decrease in fuel bill in Second Half 2017 to be 100 million euros
Target of positive free cash flow before disposals reiterated with capex at the high-end of the 1.7-2.2 billion euros range

Almost 2 million more passengers for KLM Group in first two quarters

Mon, 10 Jul 2017 07:30:00 +0200

The KLM Group grew in the first half of 2017 by 11% and almost 20 million passengers. This puts KLM well on track to meet its 2017 target of more than 40 million passengers for KLM and Transavia.

The largest increase in passenger numbers was in Europe.

Despite a slight recovery in recent months, Cargo did not have an easy half year. Traffic dropped across the board by 1.3% against a 0.4% cut in capacity. This led to a slight fall in load factor of 0.6 point.

The joint Air France KLM traffic results for June 2017 are available in the download box in this message.

AIRFRANCE KLM Financial Year 2017: First Quarter results.

Thu, 04 May 2017 07:15:00 +0200

FIRST QUARTER 2017

Solid traffic performance with passengers carried up 5.2% at 20.9 million and RPKs up 4.2% leading to an improved load factor by 0.7pt
Confirmation of the improvement in unit revenue trend observed since the end of 2016 with passenger network unit revenue per available seat kilometer (RASK) ex-currency almost stable at -0.5%
Unit cost reduction on track, down 1.7% at constant currency, fuel and pension expenses
Operating income at -143 million euros, a progression of 28 million euros at constant currency
Operating free cash flow of 329 million euros, up 133 million euros

OUTLOOK

High level of uncertainty regarding the geopolitical environment and the fuel price
Resilient trading start to 2017, confirmed for April
Continued strong focus on unit cost with a maintained target reduction of at least 1.5% in 2017 at constant currency, fuel price and pension expenses
Based on current forward prices and hedge portfolio, expecting a slight decrease in the dollar fuel bill in 2017
Keeping strict capex discipline, targeting positive free cash flow before disposals in 2017

(*) Please find in the download section of this release the complete AirFrance KLM Q1 2017 results

KLM traffic figures for March 2017: passenger traffic increases again

Mon, 10 Apr 2017 07:30:00 +0200

KLM’s performance was particularly strong in Europe, where it is relentlessly striving to increase its market share. KLM Cityhopper added a seventh new Embraer 175 to its fleet in March. Transavia reported strong growth, with performance compared to March 2016, when the KLM subsidiary had just opened its Munich base.

KLM Cargo managed to profit from the global increase in air cargo traffic. Traffic figures declined 0.7% compare to March 2016, with cargo capacity down 0.3%. Cargo load factor increased by 1.5 percentage point.

This confirms that KLM did well in the first quarter of 2017, with passenger figures up 6.5% during the first three months of the year, which amounts to 430,000 additional passengers. Capacity increased by 4.7%, with load factor up 1 percentage point.

(*) You will find the joint Air France-KLM traffic figures for March 2017 in the download box of this article.

KLM financial result, third quarter 2016

Thu, 03 Nov 2016 08:30:00 +0100

Thanks to the concerted efforts of all KLM employees, the cost-cutting measures continued to bear fruit in the third quarter. This generated a unit cost reduction of -1.4%, even taking account of the improved profit-sharing scheme for cockpit and grounds crew established on the basis of the last collective labour agreements. Lowering our costs in order to make investments is an essential part of Perform 2020.

However the results were negatively impacted by diminishing unit revenues as a consequence of increasing competitive pressure. In this context, the decreasing unit revenues outweighed the benefits achieved due to the lower fuel price. Moving forward, this will bring increasing pressure to bear on our income. Combined with major investments into our fleet, product and digitalisation for customers and staff, this serves to illustrate the unrelenting necessity of further, structural cost cuts in line with our objectives.

KLM booked an operating income of +€628 million (COI margin 8.5%) for the first nine months of this year. This represents an improvement of €283 million in comparison with the same period last year. This significant improvement can be largely attributed to the positive results achieved in the first half of the year, where fuel savings could for the most part be reflected in the results.

Pieter Elbers
KLM President & CEO

(*) in the download section you will find the Air France-KLM Financial Year 2016: Third Quarter results.

Air france KLM September 2016 Traffic Results.

Mon, 10 Oct 2016 09:11:10 +0200

Traffic highlights

Passenger network activity (Air France, KLM, HOP!)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Long-haul	+ 0.1%	- 1.0%	86.9%	- 0.9
North America	+ 1.6%	- 1.4%	86.5%	- 2.6
Latin America	- 0.1%	- 1.1%	89.1%	- 0.9
Asia	- 5.6%	- 4.4%	90.4%	+ 1.2
Africa / Middle East	+ 1.1%	- 0.6%	82.8%	- 1.4
Caribbean / Indian Ocean	+ 10.0%	+ 9.7%	82.5%	- 0.2
Short and Medium-haul	+ 2.0%	- 0.1%	81.1%	- 1.7
Total	+ 0.5%	- 0.8%	85.7%	- 1.1

7.0 million passengers, -0.9%
Slight decrease in load factor, reflecting the weak supply-demand balance in the different regions of the network and the continuous soft local flows to France
Unit revenue per available seat kilometer (RASK) ex-currency down compared to September 2015, in line with July 2016 and August 2016 average variation year on year.

Transavia activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 18.2%	+ 17.9%	91.4%	- 0.3

1.5 million passengers, +25.0%
Strong increase in capacity driven by Transavia France and the expansion of the Munich base

Total group passenger activity (Air France, KLM, HOP!, Transavia)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 2.1%	+ 0.9%	86.3%	- 1.0

8.5 million passengers, +2.8%

Cargo activity

Capacity(ATK, %ch.)

Traffic(RTK, %ch.)

Load Factor

(%)

Change (pts)

Total

- 3.5%

- 4.5%

59.3%

- 0.6

Unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to September 2015

Agenda

3^rd November: Third Quarter 2016 results
9^th November: October 2016 traffic
8^th December: November 2016 traffic

STATISTICS

Passenger network activity*

		September		Year to date
Total Passenger network*	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	7,013	7,073	(0.9%)	60,395	59,863	0.9%
Revenue pax-kilometers (m RPK)	20,465	20,636	(0.8%)	179,756	178,997	0.4%
Available seat-kilometers (m ASK)	23,878	23,766	0.5%	209,895	209,265	0.3%
Load factor (%)	85.7%	86.8%	(1.1)	85.6%	85.5%	0.1

Long-haul
Passengers carried (‘000s)	2,171	2,204	(1.5%)	19,443	19,394	0.3%
Revenue pax-kilometers (m RPK)	16,419	16,587	(1.0%)	145,752	145,445	0.2%
Available seat-kilometers (m ASK)	18,892	18,880	0.1%	168,048	167,482	0.3%
Load factor (%)	86.9%	87.9%	(0.9)	86.7%	86.8%	(0.1)

North America
Passengers carried (‘000s)	689	706	(2.5%)	5,754	5,745	0.1%
Revenue pax-kilometers (m RPK)	4,924	4,995	(1.4%)	41,083	40,770	0.8%
Available seat-kilometers (m ASK)	5,691	5,602	1.6%	47,066	46,042	2.2%
Load factor (%)	86.5%	89.2%	(2.6)	87.3%	88.6%	(1.3)

Latin America
Passengers carried (‘000s)	264	267	(1.4%)	2,356	2,284	3.2%
Revenue pax-kilometers (m RPK)	2,546	2,574	(1.1%)	22,609	21,965	2.9%
Available seat-kilometers (m ASK)	2,859	2,862	(0.1%)	25,758	25,207	2.2%
Load factor (%)	89.1%	89.9%	(0.9)	87.8%	87.1%	0.6

Asia / Pacific
Passengers carried (‘000s)	523	553	(5.5%)	4,521	4,785	(5.5%)
Revenue pax-kilometers (m RPK)	4,640	4,855	(4.4%)	39,631	41,815	(5.2%)
Available seat-kilometers (m ASK)	5,132	5,439	(5.6%)	45,105	47,775	(5.6%)
Load factor (%)	90.4%	89.3%	1.2	87.9%	87.5%	0.3

Africa / Middle East
Passengers carried (‘000s)	452	454	(0.5%)	4,097	3,986	2.8%
Revenue pax-kilometers (m RPK)	2,475	2,491	(0.6%)	22,637	22,041	2.7%
Available seat-kilometers (m ASK)	2,988	2,956	1.1%	27,483	27,096	1.4%
Load factor (%)	82.8%	84.2%	(1.4)	82.4%	81.3%	1.0

Caribbean / Indian,Ocean
Passengers carried (‘000s)	245	224	9.4%	2,716	2,595	4.7%
Revenue pax-kilometers (m RPK)	1,834	1,672	9.7%	19,793	18,854	5.0%
Available seat-kilometers (m ASK)	2,222	2,020	10.0%	22,635	21,362	6.0%
Load factor (%)	82.5%	82.7%	(0.2)	87.4%	88.3%	(0.8)

Short and Medium-haul
Passengers carried (‘000s)	4,841	4,869	(0.6%)	40,951	40,468	1.2%
Revenue pax-kilometers (m RPK)	4,045	4,049	(0.1%)	34,004	33,552	1.3%
Available seat-kilometers (m ASK)	4,986	4,886	2.0%	41,847	41,783	0.2%
Load factor (%)	81.1%	82.9%	(1.7)	81.3%	80.3%	1.0

* Air France, KLM, and HOP!

Transavia activity

		September		Year to date
Transavia	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	1,477	1,181	25.0%	10,439	8,638	20.9%
Revenue pax-kilometers (m RPK)	2,534	2,150	17.9%	18,041	16,164	11.6%
Available seat-kilometers (m ASK)	2,773	2,346	18.2%	20,116	17,840	12.8%
Load factor (%)	91.4%	91.6%	(0.3)	89.7%	90.6%	(0.9)

Total group passenger activity**

		September		Year to date
Total group**	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	8,490	8,254	2.8%	70,834	68,500	3.4%
Revenue pax-kilometers (m RPK)	22,999	22,785	0.9%	197,796	195,161	1.4%
Available seat-kilometers (m ASK)	26,651	26,112	2.1%	230,011	227,105	1.3%
Load factor (%)	86.3%	87.3%	(1.0)	86.0%	85.9%	0.1

** Air France, KLM, HOP! and Transavia

Cargo activity

		September		Year to date
Total Group	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	714	747	(4.5%)	6,234	6,711	(7.1%)
Available tonne-km (m ATK)	1,202	1,246	(3.5%)	10,737	11,281	(4.8%)
Load factor (%)	59.3%	59.9%	(0.6)	58.1%	59.5%	(1.4)

Air France and HOP! activity

		September		Year to date
Total Passenger network activity	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	4,302	4,455	(3.4%)	37,507	38,300	(2.1%)
Revenue pax-kilometers (m RPK)	11,853	12,278	(3.5%)	106,329	108,509	(2.0%)
Available seat-kilometers (m ASK)	14,168	14,381	(1.5%)	126,047	127,979	(1.5%)
Load factor (%)	83.7%	85.4%	(1.7)	84.4%	84.8%	(0.4)

Long-haul
Passengers carried (‘000s)	1,269	1,323	(4.1%)	11,675	11,868	(1.6%)
Revenue pax-kilometers (m RPK)	9,361	9,721	(3.7%)	85,359	87,001	(1.9%)
Available seat-kilometers (m ASK)	11,004	11,225	(2.0%)	99,634	100,916	(1.3%)
Load factor (%)	85.1%	86.6%	(1.5)	85.7%	86.2%	(0.5)

Short and Medium-haul
Passengers carried (‘000s)	3,034	3,132	(3.1%)	25,832	26,431	(2.3%)
Revenue pax-kilometers (m RPK)	2,492	2,557	(2.6%)	20,970	21,508	(2.5%)
Available seat-kilometers (m ASK)	3,164	3,157	0.2%	26,413	27,064	(2.4%)
Load factor (%)	78.8%	81.0%	(2.3)	79.4%	79.5%	(0.1)

		September		Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	300	283	5.8%	2,611	2,663	(2.0%)
Available tonne-km (m ATK)	577	565	2.2%	5,156	5,171	(0.3%)
Load factor (%)	51.9%	50.1%	1.8	50.6%	51.5%	(0.9)

KLM activity

		September		Year to date
Total Passenger network activity	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	2,710	2,619	3.5%	22,888	21,563	6.1%
Revenue pax-kilometers (m RPK)	8,612	8,357	3.0%	73,427	70,489	4.2%
Available seat-kilometers (m ASK)	9,710	9,385	3.5%	83,848	81,285	3.2%
Load factor (%)	88.7%	89.0%	(0.4)	87.6%	86.7%	0.9

Long-haul
Passengers carried (‘000s)	903	881	2.4%	7,769	7,526	3.2%
Revenue pax-kilometers (m RPK)	7,058	6,865	2.8%	60,393	58,445	3.3%
Available seat-kilometers (m ASK)	7,888	7,655	3.0%	68,414	66,566	2.8%
Load factor (%)	89.5%	89.7%	(0.2)	88.3%	87.8%	0.5

Short and Medium-haul
Passengers carried (‘000s)	1,808	1,737	4.0%	15,119	14,037	7.7%
Revenue pax-kilometers (m RPK)	1,554	1,492	4.2%	13,034	12,044	8.2%
Available seat-kilometers (m ASK)	1,822	1,730	5.3%	15,434	14,720	4.9%
Load factor (%)	85.3%	86.2%	(1.0)	84.4%	81.8%	2.6

		September		Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	414	463	(10.7%)	3,624	4,048	(10.5%)
Available tonne-km (m ATK)	625	681	(8.3%)	5,581	6,110	(8.6%)
Load factor (%)	66.2%	68.0%	(1.8)	64.9%	66.3%	(1.3)

Air France-KLM, leader for the twelth consective year in the “Airlines” category of DJSI rankings

Thu, 08 Sep 2016 10:00:00 +0200

To integrate sustainable development into its activities and operations, Air France-KLM is concentrating on four main issues:

reducing its environmental impact by optimizing operations, innovating with the supply chain and by involving all staff and the entire industry,
taking into account the challenges of sustainable development throughout the service chain to provide customers with innovative and responsible products and services,
promoting a responsible human resources policy and encouraging personal development to ensure the motivation and professionalism of employees,
contributing to the economic and social development of the territories where the Group operates.

Air France-KLM is continuing its innovative actions in favour of sustainable development, especially by integrating the principles of the circular economy into its operations and by developing sustainable alternative fuels for the air transport industry.

^{*The DJSI includes the most efficient companies in terms of sustainable development, selected by RobecoSAM, a global asset management company that assesses corporate sustainability. A member of the DJSI since 2005, the Group is also included in the non-financial indexes NYSE Euronext Vigeo, Ethibel and FTSE4Good.}

Air france KLM August 2016 Traffic Results.

Thu, 08 Sep 2016 08:58:55 +0200

Traffic highlights

7.2 million passengers, -1.8%
Slight decrease in load factor, reflecting the increasingly weak supply-demand balance in the differentregions of the network and the continuous soft local flows to France
Excluding the estimated impact of the Air France cabin crew strike, the variation year on year of the unitrevenue per available seat kilometer (RASK) ex-currency deteriorated compared to July 2016
As a reminder, the impact of the seven day Air France cabin crew strike (period July 27th – August 2nd) onthe operating result was estimated around € 90 million, including the first 2 days of August

Please find the entire pressrelease in the download section of this release.

Trust Together

Mon, 05 Sep 2016 13:40:32 +0200

Restoring trust within the group is an absolutely vital part of implementing the changes that are needed to return the company to good health. This is the view Jean-Marc Janaillac expressed when he became Chairman & CEO of Air France-KLM in July 2016.

Mr Janaillac held talks with trade unions in both France and the Netherlands last week, to launch the Air France-KLM project “Trust Together”. This project supplements Perform 2020, Mr Janaillac explained. It focuses on restoring trust within the group, wherever that is needed, and identifies a number of specific, strategic topics.

Reports appeared in foreign media, which were then picked up by the Dutch press, which gave the false impression that Perform 2020 has been dropped. KLM and Air France stress that they are continuing to implement Perform 2020, which focuses on cutting costs and achieving greater margins, in order to be able to make the investments that are necessary to ensure a healthy future for the group. The first positive results arising from this trajectory are already discernible for KLM

Air france KLM July 2016 Traffic Results

Mon, 08 Aug 2016 07:51:36 +0200

Traffic highlights

7.5 million passengers, -0.6%
Slight decrease in load factor of the long-haul network, while stable in the short and medium-haul network
Excluding the estimated impact of the Air France cabin crew strike, the unit revenue per available seat kilometer (RASK) ex-currency down mid-single digit compared to July 2015, reflecting the weak supply-demand balance in the different regions of the network and soft local flows to France
The impact of the seven day Air France cabin crew strike (period July 27th – August 2nd) on the operating result is estimated around € 90million

Please find the entire pressrelease in the download section of this release.

Regarding Nice – a statement from Pieter Elbers, KLM President & CEO

Fri, 15 Jul 2016 09:10:47 +0200

Regarding Nice – a statement from Pieter Elbers, KLM President & CEO

KLM accedes to enhanced cooperation between Air France and China Eastern Airlines

Mon, 11 Jul 2016 16:13:53 +0200

China Eastern Airlines’ first flight from Shanghai landed at Amsterdam Airport Schiphol on Sunday June 26th. China Eastern Airlines will operate four roundtrips a week between Shanghai and Schiphol from this day.

KLM and China Eastern Airlines are also embarking on discussions aimed at further intensifying their cooperation.

KLM and Air France already have a close relationship with China Southern Airlines. KLM has been working with China Southern Airlines for the last decade. The intensive cooperation between KLM and China Southern Airlines covers six routes between the Netherlands and China, which connect to 35 codeshare destinations each.

Air France KLM - April 2016 Traffic Results.

Tue, 10 May 2016 07:30:00 +0200

Traffic highlights

Passenger network activity (Air France, KLM, HOP!)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Long-haul	- 0.6%	+ 0.8%	86.4%	+ 1.2
North America	- 0.2%	+ 0.9%	87.9%	+ 0.9
Latin America	+ 0.3%	+ 1.7%	84.6%	+ 1.2
Asia	- 6.2%	- 4.0%	87.3%	+ 2.1
Africa / Middle East	+ 1.8%	+ 4.2%	82.2%	+ 1.9
Caribbean / Indian Ocean	+ 7.2%	+ 6.2%	88.7%	- 0.8
Short and Medium-haul	+ 2.7%	+ 4.6%	81.4%	+ 1.4
Total	+ 0.1%	+ 1.5%	85.4%	+ 1.2

6.7 million passengers, +2.8%
Slight decrease in long-haul capacity driven by the planned reduction in Asia
Load factor up 1.2 pts, up in all regions of the network, except Caribbean & Indian Ocean following the selective growth in capacity
Unit revenue per available seat kilometer (RASK) ex-currency down compared to April 2015.

Transavia activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 16.4%	+ 14.1%	86.6%	- 1.7

1.0 million passengers, +28.6%
Strong increase in capacity driven by Transavia France and the opening in Munich of a first base outside the Netherlands and France

Total group passenger activity (Air France, KLM, HOP!, Transavia)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 1.3%	+ 2.5%	85.5%	+ 1.0

7.8 million passengers, +5.7%

Cargo activity

Capacity(ATK, %ch.)

Traffic(RTK, %ch.)

Load Factor

(%)

Change (pts)

Total

- 2.0%

+ 0.9%

60.9%

+ 1.7

Unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to April 2015
Load factor up 1.7 pts

Agenda

19^th May 2016: Annual General Meeting
8^th June: May 2016 traffic
8^th July: June 2016 traffic

STATISTICS

Passenger network activity*

		April		Year to date
Total Passenger network*	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	6,714	6,530	2.8%	24,717	23,896	3.4%
Revenue pax-kilometers (m RPK)	19,453	19,157	1.5%	74,259	72,074	3.0%
Available seat-kilometers (m ASK)	22,779	22,761	0.1%	87,622	86,868	0.9%
Load factor (%)	85.4%	84.2%	1.2	84.7%	83.0%	1.8

Long-haul
Passengers carried (‘000s)	2,079	2,064	0.7%	8,116	7,863	3.2%
Revenue pax-kilometers (m RPK)	15,604	15,475	0.8%	60,777	59,111	2.8%
Available seat-kilometers (m ASK)	18,051	18,157	(0.6%)	70,540	69,737	1.2%
Load factor (%)	86.4%	85.2%	1.2	86.2%	84.8%	1.4

North America
Passengers carried (‘000s)	611	611	0.1%	2,154	2,065	4.3%
Revenue pax-kilometers (m RPK)	4,359	4,319	0.9%	15,369	14,667	4.8%
Available seat-kilometers (m ASK)	4,956	4,964	(0.2%)	17,787	16,986	4.7%
Load factor (%)	87.9%	87.0%	0.9	86.4%	86.3%	0.1

Latin America
Passengers carried (‘000s)	242	239	1.2%	1,011	946	6.8%
Revenue pax-kilometers (m RPK)	2,333	2,293	1.7%	9,659	9,109	6.0%
Available seat-kilometers (m ASK)	2,757	2,749	0.3%	10,981	10,616	3.4%
Load factor (%)	84.6%	83.4%	1.2	88.0%	85.8%	2.2

Asia / Pacific
Passengers carried (‘000s)	483	507	(4.6%)	1,906	1,957	(2.6%)
Revenue pax-kilometers (m RPK)	4,263	4,440	(4.0%)	16,508	17,012	(3.0%)
Available seat-kilometers (m ASK)	4,883	5,208	(6.2%)	19,090	20,013	(4.6%)
Load factor (%)	87.3%	85.3%	2.1	86.5%	85.0%	1.5

Africa / Middle East
Passengers carried (‘000s)	439	419	4.8%	1,760	1,665	5.7%
Revenue pax-kilometers (m RPK)	2,425	2,328	4.2%	9,864	9,350	5.5%
Available seat-kilometers (m ASK)	2,948	2,897	1.8%	12,086	12,006	0.7%
Load factor (%)	82.2%	80.4%	1.9	81.6%	77.9%	3.7

Caribbean / Indian,Ocean
Passengers carried (‘000s)	304	289	5.2%	1,285	1,231	4.4%
Revenue pax-kilometers (m RPK)	2,224	2,094	6.2%	9,376	8,974	4.5%
Available seat-kilometers (m ASK)	2,507	2,339	7.2%	10,596	10,116	4.7%
Load factor (%)	88.7%	89.5%	(0.8)	88.5%	88.7%	(0.2)

Short and Medium-haul
Passengers carried (‘000s)	4,635	4,466	3.8%	16,601	16,032	3.5%
Revenue pax-kilometers (m RPK)	3,849	3,682	4.6%	13,482	12,962	4.0%
Available seat-kilometers (m ASK)	4,728	4,604	2.7%	17,082	17,130	(0.3%)
Load factor (%)	81.4%	80.0%	1.4	78.9%	75.7%	3.3

* Air France, KLM, and HOP!

Transavia activity

		April		Year to date
Transavia	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	1,042	810	28.6%	2,936	2,466	19.0%
Revenue pax-kilometers (m RPK)	1,784	1,564	14.1%	5,047	4,580	10.2%
Available seat-kilometers (m ASK)	2,059	1,770	16.4%	5,778	5,200	11.1%
Load factor (%)	86.6%	88.4%	(1.7)	87.3%	88.1%	(0.7)

Total group passenger activity**

		April		Year to date
Total group**	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	7,756	7,341	5.7%	27,652	26,362	4.9%
Revenue pax-kilometers (m RPK)	21,238	20,720	2.5%	79,306	76,654	3.5%
Available seat-kilometers (m ASK)	24,839	24,531	1.3%	93,400	92,068	1.4%
Load factor (%)	85.5%	84.5%	1.0	84.9%	83.3%	1.7

** Air France, KLM, HOP! and Transavia

Cargo activity

		April		Year to date
Total Group	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	709	703	0.9%	2,743	2,964	(7.5%)
Available tonne-km (m ATK)	1,163	1,187	(2.0%)	4,598	4,922	(6.6%)
Load factor (%)	60.9%	59.2%	1.7	59.7%	60.2%	(0.6)

Air France and HOP! activity

		April		Year to date
Total Passenger network activity	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	4,176	4,125	1.2%	15,583	15,504	0.5%
Revenue pax-kilometers (m RPK)	11,577	11,563	0.1%	44,327	43,894	1.0%
Available seat-kilometers (m ASK)	13,729	13,843	(0.8%)	52,858	53,213	(0.7%)
Load factor (%)	84.3%	83.5%	0.8	83.9%	82.5%	1.4

Long-haul
Passengers carried (‘000s)	1,256	1,264	(0.7%)	4,904	4,811	1.9%
Revenue pax-kilometers (m RPK)	9,209	9,256	(0.5%)	35,899	35,458	1.2%
Available seat-kilometers (m ASK)	10,763	10,934	(1.6%)	41,903	42,015	(0.3%)
Load factor (%)	85.6%	84.7%	0.9	85.7%	84.4%	1.3

Short and Medium-haul
Passengers carried (‘000s)	2,920	2,861	2.1%	10,679	10,693	(0.1%)
Revenue pax-kilometers (m RPK)	2,368	2,308	2.6%	8,428	8,437	(0.1%)
Available seat-kilometers (m ASK)	2,966	2,909	1.9%	10,955	11,198	(2.2%)
Load factor (%)	79.9%	79.3%	0.5	76.9%	75.3%	1.6

		April		Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	304	285	6.7%	1,146	1,189	(3.6%)
Available tonne-km (m ATK)	561	546	2.8%	2,192	2,241	(2.2%)
Load factor (%)	54.2%	52.2%	2.0	52.3%	53.1%	(0.8)

KLM activity

		April		Year to date
Total Passenger network activity	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	2,538	2,405	5.5%	9,134	8,392	8.8%
Revenue pax-kilometers (m RPK)	7,876	7,593	3.7%	29,932	28,179	6.2%
Available seat-kilometers (m ASK)	9,050	8,918	1.5%	34,764	33,655	3.3%
Load factor (%)	87.0%	85.1%	1.9	86.1%	83.7%	2.4

Long-haul
Passengers carried (‘000s)	823	800	2.9%	3,212	3,053	5.2%
Revenue pax-kilometers (m RPK)	6,396	6,219	2.8%	24,877	23,654	5.2%
Available seat-kilometers (m ASK)	7,288	7,223	0.9%	28,637	27,722	3.3%
Load factor (%)	87.8%	86.1%	1.7	86.9%	85.3%	1.5

Short and Medium-haul
Passengers carried (‘000s)	1,715	1,605	6.8%	5,922	5,339	10.9%
Revenue pax-kilometers (m RPK)	1,481	1,374	7.8%	5,054	4,526	11.7%
Available seat-kilometers (m ASK)	1,763	1,695	4.0%	6,127	5,933	3.3%
Load factor (%)	84.0%	81.0%	3.0	82.5%	76.3%	6.2

		April		Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	405	418	(3.1%)	1,597	1,775	(10.1%)
Available tonne-km (m ATK)	602	641	(6.0%)	2,406	2,681	(10.3%)
Load factor (%)	67.2%	65.2%	2.1	66.4%	66.2%	0.2

Air france KLM Financial Year 2016: First Quarter results.

Wed, 04 May 2016 08:41:10 +0200

FULL YEAR 2016 OUTLOOK: OBJECTIVES MAINTAINED

High level of uncertainty regarding fuel price and unit revenue due to geopolitical context and industry capacity environment
Impact of fuel savings on P&L expected to be significantly offset in the coming quarters by downward pressure on unit revenue and negative currency impacts
Continued progress in unit cost reduction targeted around 1% in 2016
Free operating cash flow generation after disposals between 0.6 billion euros and EUR 1.0 billion euros in 2016
Further significant net debt reduction

The Board of Directors of Air France-KLM, chaired by Alexandre de Juniac, met on May 3^rd 2016 to examine the accounts for the First Quarter of the Financial Year 2016.

Key data

	Q1 2016	Q1 2015*	*Change*
Passengers (thousands)	19,896	19,021	+4.6%
Capacity (EASK m)	77,444	77,232	+0.3%
Revenues (€m)	5,605	5,583	+0.4%
Change like-for-like² (%)			-1.3%
EBITDAR (€m)	531	224	+307
EBITDA (€m)	266	-26	+292
EBITDA margin (%)	4.7	-0.5	+5.2 pt
EBITDA change like-for-like² (€m)			+370
Operating result (€m)	-99	-417	+318
Operating margin (%)	-1.8%	-7.5%	+5.7 pt
Operating result change like-for-like² (€m)			+397
Net result, group share (€m)	-155	-559	+404
Restated net result, group share¹ (€m)	-102	-506	+404
Earnings per share (€)	(0.54)	(1.90)	+1.36
Diluted earnings per share (€)	(0.54)	(1.90)	+1.36
Adjusted earnings per share (€)	(0.36)	(1.71)	+1.35
Diluted adjusted earnings per share (€)	(0.36)	(1.71)	+1.35
Operating free cash flow¹ (€m)	196	-46	+242
Net debt at end of period (€m)	4,161	4,307	-146

* Servair reclassified as discontinued operation.

The consolidated financial statements of the Group have been revised as of 1^st January 2016 in order to reflect Servair as discontinued operations. The 2015 financial statements have been restated accordingly. Details of this restatement can be found in the appendix of this press release.

First Quarter 2016 total revenues were stable at 5.6 billion euros versus First Quarter 2015, down 1.3% excluding the impact of currency (like-for-like).

Currencies had a positive 95 million euro impact on revenues versus First Quarter 2015, primarily driven by the strengthening of the US dollar against the euro partly offset by the weakening of other currencies. The negative impact on costs reached 174 million euros, including a lower tailwind from currency hedging compared to the First Quarter 2015. In the First Quarter 2016, the net impact of currencies thus amounted to a negative 79 million euros.

Total operating costs were 4.9% lower year-on-year and down 7.6% on a like-for-like basis. Ex-fuel, they increased by 2.0% and by 0.3% on a like-for-like basis. Unit cost per EASK was down 1.3%, on a constant currency and fuel price basis, with a stable capacity measured in EASK (+0.3%).

Total employee costs including temporary staff were up 0.8% to 1,844 million euros. In addition, the Group recorded under “other non-current income and expenses” a 146 million euro provision for a Voluntary Departure Plan targeting 1,600 full time equivalent positions.

The fuel bill amounted to 1,096 million euros, down 25.9% and like-for-like down 30.5%. Based on the forward curve at 22 April 2016, the Full Year 2016 fuel bill is expected to reach 4.6 billion euros4[1]

EBITDAR amounted to 531 million euros, a reported increase of 307 million euros. Like-for-like, EBITDAR increased by 371 million euros. Over the First Quarter 2016, 55% of the savings achieved on the fuel bill were retained. The positive fuel price effect of 450 million euros was partially offset by pressure on unit revenues (negative 119 million euros) and currency impacts (negative 79 million euros).

EBITDA amounted to 266 million euros, an increase of 292 million euros. Like-for-like, EBITDA increased by 370 million euros, mainly as a result of the strong Passenger network performance, which improved by 356 million euros like-for-like over the first quarter.

EBITDA per business (€m)	Q1 2016	Q1 2015	*Change*	*Change* *like-for-like*
Passenger network	277	-8	+285	+356
Cargo	-42	-48	+6	+14
Maintenance	85	85	+0	-3
Transavia	-52	-58	+6	+11
Other	-2	3	-5	-8
Total	266	-26	+292	+370

* Servair reclassified as discontinued operation.

First Quarter 2016 EBITDA improved by 179 million euros like-for-like at Air France and 196 million euros like-for-like at KLM. EBITDA margins were up at both airlines, reaching 4.2% at Air France and 5.5% at KLM.

EBITDA per airline (€m)	Q1 2016	Q1 2015	*Change*	*Change* *like-for-like*
Air France	150	14	+136	+179
EBITDA margin	4.2%	0.4%	+3.8 pt	+5.2 pt
KLM	118	-43	+161	+196
EBITDA margin	5.5%	-2.0%	+7.5 pt	+9.0 pt
Other/ eliminations	-2	3	-5	-5
Total	266	-26	+292	+370

* Servair reclassified as discontinued operation.

The operating result stood at -99 million euros versus -417 million euros, a 318 million euro improvement. Like-for-like, the operating result increased by 397 million euros.

The net result, group share stood at -155 million euros against -559 million euros a year ago.

At 31 March 2016, the trailing 12 months return on capital employed (ROCE) was 11.2%, up 6.0 points compared to 31 March 2015.

Passenger network5 business

Passenger network	Q1 2016	Q1 2015	*Change*	*Change* *like-for-like*
Passengers (thousands)	18,003	17,366	+3.7%
Capacity (ASK m)	64,843	64,107	+1.1%
Traffic (RPK m)	54,806	52,917	+3.6%
Load factor	84.5%	82.5%	+2.0 pt
Total passenger revenues (€m)	4,473	4,421	+1.2%	-0.2%
Scheduled passenger revenues (€m)*	4,274	4,224	+1.2%	-0.2%
Unit revenue per ASK (€ cts)	6.59	6.59	+0.0%	-1.3%
Unit revenue per RPK (€ cts)	7.80	7.98	-2.3%	-3.6%
Unit cost per ASK (€ cts)	6.62	7.09	-6.7%	-9.3%
Operating result (€m)	-18	-322	+304	+375

First Quarter 2016 total passenger network revenues amounted to 4,473 million euros, up 1.2% and down 0.2% like-for-like. The operating result of the passenger network business stood at -18 million euros, versus -322 million euros over the First Quarter 2015. Like-for-like, the operating result improved by 375 million euros.

The Group maintained its strict capacity discipline, growing the total passenger network capacity during the First Quarter 2016 by 1.1%, while increasing the average loadfactor by 2.0 points to 84.5%. The traffic increased in all regions of the network, except Asia following the planned reduction in capacity. Unit revenue per Available Seat Kilometer (RASK) remained volatile, down by 1.3% overall on a like-for-like basis in the First Quarter.

Cargo business

Cargo	Q1 2016	Q1 2015	*Change*	*Change* *like-for-like*
Tons (thousands)	276	301	-8.4%
Capacity (ATK m)	3,434	3,736	-8.1%
Traffic (RTK m)	2,034	2,261	-10.1%
Load factor	59.2%	60.5%	-1.3 pt
Total Cargo revenues (€m)	529	625	-15.4%	-16.9%
Scheduled cargo revenues (€m)	492	588	-16.3%	-12.8%
Unit revenue per ATK (€ cts)	14.3	15.7	-9.1%	-10.8%
Unit revenue per RTK (€ cts)	24.1	26.0	-7.1%	-8.9%
Unit cost per ATK (€ cts)	15.7	17.4	-9.6%	-11.7%
Operating result (€m)	-50	-63	+13	+16

The Group continued to restructure its cargo activity to address the weak global trade and structural air cargo industry overcapacity. During First Quarter 2016, full-freighter capacity was reduced by 32%, while belly capacity increased by 0.7%, leading to a decrease in total capacity of 8.1%. Revenue per Available Ton Kilometer (ATK) was nevertheless down by 10.8% like-for-like, reflecting the industry overcapacity, especially on flows from Asia to Europe.

The operating result stood at -50 million euros, an improvement of 16 million euros like-for-like.

Within the framework of Perform 2020, 1 MD-11 freighter was retired during the First Quarter, down to 8 full-freighters in operation. The Group plans to operate only 5 full-freighters by the end of 2016.

Maintenance business

Maintenance	Q1 2016	Q1 2015	*Change*	*Change* *like-for-like*
Total revenues (€m)	1,006	960	+4.8%
Third party revenues (€m)	431	380	+13.4%	+7.0%
Operating result (€m)	38	35	+3	+0
Operating margin (%)	3.8%	3.6%	+0.2 pt	-0.2 pt

First Quarter 2016 third party maintenance revenues amounted to 431 million euros, up 13.4% and by 7.0% like-for-like. Revenues benefited not only from the strong dollar, but also from the contracts gained in previous years. The operating margin remained stable as a result of change in business mix from mature contracts to new growth, OEM supply chain under pressure in the engine business and labor costs inflation due to the profit sharing scheme.

The operating result stood at 38 million euros, up 3 million euros year-on-year, and stable like-for-like.

Over the period, the Group recorded a further 4% increase in its order book to 8.7 billion dollars with new contracts for CFM engines and first A350 total support contract.

Transavia

Transavia	Q1 2016	Q1 2015	*Change*	*Change* *like-for-like*
Passengers (thousands)	1,893	1,656	+14.3%
Capacity (ASK m)	3,718	3,430	+8.4%
Traffic (RPK m)	3,263	3,017	+8.2%
Load factor	87.7%	87.9%	-0.2 pt
Total passenger revenues (€m)	160	146	+9.6%	+9.5%
Scheduled passenger revenues (€m)*	153	141	+8.5%	+8.4%
Unit revenue per ASK (€ cts)	4.11	4.14	-0.7%	-0.7%
Unit revenue per RPK (€ cts)	4.68	4.71	-0.5%	-0.5%
Unit cost per ASK (€ cts)	5.81	6.14	-5.3%	-7.7%
Operating result (€m)	-63	-69	+6	+11

In the First Quarter 2016, Transavia capacity was up by 8.4%, reflecting the accelerated development in France (capacity up by 18.6%). Traffic rose by 8.2%. Unit revenue per ASK decreased by 0.7% and with increased capacity, total revenues increased to 160 million euros, up 9.6%.

Unit costs were down 5.3%. At constant currency and stage length, the unit costs decreased by 11.7%. The operating result improved by 6 million euros to reach -63 million euros.

Financial situation

In € million	Q1 2016	Q1 2015	*Change*
Cash flow before change in WCR and Voluntary Departure Plans, continued operations	+255	-135	+390
Cash out related to Voluntary Departure Plans	-39	-30	-09
Change in Working Capital Requirement (WCR)	+524	+464	+60
Operating cash flow	+740	+299	+441
Net investments before sale & lease-back	-544	-345	-199
Cash received through sale & lease-back transactions	+0	+0	+0
Net investments after sale & lease-back	-544	-345	-199
Operating free cash flow	+196	-46	+242

* Servair reclassified as discontinued operation.

In the First Quarter 2016, the increase of 292 million euros in EBITDA resulted in a cash flow before change in WCR and cash out related to Voluntary Departure Plans of 255 million euros. The Group disbursed 39 million euros for Voluntary Departure Plans. The change in Working Capital Requirement contributed 524 million euros to operating cash flow. Net investments before sale & lease-back transactions stood at 544 million euros. As a result, operating free cash flow improved by 242 million euros.

Net debt amounted to 4.16 billion euros at 31 March 2016, versus 4.31 billion euros at 31 December 2015. The trailing 12 months adjusted net debt / EBITDAR ratio stood at 3.0x at 31 March 2016, an improvement of 0.4 points compared to 31 December 2015, and 0.8 points compared to 31 March 2015.

The 35 basis points fall in discount rates (for period > 20 years) during First Quarter 2016 led to another significant increase in the actuarial valuation of retirement obligations of more than 1.3 billion euros. The change in asset value amounted to 325 million euros during the First Quarter. The balance sheet pension situation thus moved from a net liability of 177 million euros at 31 December 2015 to a net liability of 1,164 million euros at 31 March 2016.

At 31 March 2016, equity, group share, amounted to -510 million euros, down 783 million euros over the quarter due to the strong seasonality of results (net result of -155 million euros) and an increase of 753 million euros in after tax net pension liability. The change in fair value of the fuel hedging portfolio had a positive impact of 178 million euros over the quarter.

Outlook

The global context in 2016 remains highly uncertain regarding fuel prices, the continuation of the overcapacity situation on several markets and the geopolitical and economic context in which we operate. As a consequence, the Group expects the forecasted savings on the fuel bill to be significantly offset in the coming quarters by unit revenue pressure and negative currency impacts.

Under these conditions, the Group is maintaining its expectations for 2016:

Free operating cash flow generation after disposals between 0.6 billion euros and 1.0 billion euros. The 2016 investment plan (between 1.6 billion euros and 2.0 billion euros) and disposals programme (between 0.2 billion euros and 0.5 billion euros) will be adjusted depending upon operating cashflow generation
2016 unit cost reduction target around 1%
Further significant reduction in net debt

4 2016 average Brent price of USD 43, average jet fuel price of USD 409 per metric ton, average exchange rate of 1.10 USD per euro for period april-december 2016

5 Air France, KLM and HOP!. Transavia is reported in its own business segment.

Air France KLM - March 2016 Traffic Results.

Fri, 08 Apr 2016 08:38:30 +0200

Traffic highlights

Passenger network activity (Air France, KLM, HOP!)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Long-haul	+ 1.1%	+ 2.3%	86.1%	+ 1.0
North America	+ 6.7%	+ 5.8%	87.9%	- 0.7
Latin America	+ 4.6%	+ 6.8%	86.0%	+ 1.8
Asia	- 5.1%	- 5.2%	85.9%	- 0.1
Africa / Middle East	- 1.3%	+ 4.7%	81.6%	+ 4.7
Caribbean / Indian Ocean	+ 3.7%	+ 4.0%	88.9%	+ 0.2
Short and Medium-haul	- 1.5%	+ 3.5%	80.0%	+ 3.9
Total	+ 0.6%	+ 2.5%	84.9%	+ 1.6

6.5 million passengers, +3.0%
Strong increase in traffic in all regions of the network, except Asia following the planned reduction in capacity in that region.
Load factor up 1.6 pts, most notably within the short and medium-haul network.
Unit revenue per available seat kilometer (RASK) ex-currency down compared to March 2015.

Transavia activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 14.2%	+ 14.6%	90.2%	+ 0.3

0.8 million passengers, +21.3%
Increase in capacity driven by Transavia France, up 36.6%.

Total group passenger activity (Air France, KLM, HOP!, Transavia)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 1.3%	+ 3.2%	85.3%	+ 1.6

7.2 million passengers, +4.6%

Cargo activity

Capacity(ATK, %ch.)

Traffic(RTK, %ch.)

Load Factor

(%)

Change (pts)

Total

- 10.7%

- 13.5%

60.4%

- 2.0

Unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to March 2015

Agenda

4^th May 2016: 1^st Quarter 2016 results
10^th May 2016: April 2016 traffic
19^th May 2016: Annual General Meeting

Investors		Press
Marie-Agnès de Peslouan	Dirk Voermans	+33 1 41 56 56 00
+33 1 49 89 52 59	+33 1 49 89 52 60
madepeslouan@airfranceklm.com Website: www.airfranceklm-finance.com	divoermans@airfranceklm.com
www.airfranceklm.com

STATISTICS

Passenger network activity*

		March		Year to date
Total Passenger network*	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	6,459	6,274	3.0%	18,003	17,366	3.7%
Revenue pax-kilometers (m RPK)	19,116	18,645	2.5%	54,806	52,917	3.6%
Available seat-kilometers (m ASK)	22,507	22,371	0.6%	64,843	64,107	1.1%
Load factor (%)	84.9%	83.3%	1.6	84.5%	82.5%	2.0

Long-haul
Passengers carried (‘000s)	2,085	2,022	3.1%	6,037	5,799	4.1%
Revenue pax-kilometers (m RPK)	15,572	15,222	2.3%	45,172	43,636	3.5%
Available seat-kilometers (m ASK)	18,079	17,874	1.1%	52,489	51,581	1.8%
Load factor (%)	86.1%	85.2%	1.0	86.1%	84.6%	1.5

North America
Passengers carried (‘000s)	566	536	5.6%	1,543	1,454	6.1%
Revenue pax-kilometers (m RPK)	4,025	3,803	5.8%	11,010	10,347	6.4%
Available seat-kilometers (m ASK)	4,581	4,293	6.7%	12,831	12,022	6.7%
Load factor (%)	87.9%	88.6%	(0.7)	85.8%	86.1%	(0.3)

Latin America
Passengers carried (‘000s)	252	233	8.0%	769	707	8.7%
Revenue pax-kilometers (m RPK)	2,405	2,253	6.8%	7,326	6,816	7.5%
Available seat-kilometers (m ASK)	2,795	2,674	4.6%	8,224	7,867	4.5%
Load factor (%)	86.0%	84.3%	1.8	89.1%	86.6%	2.4

Asia / Pacific
Passengers carried (‘000s)	489	510	(4.2%)	1,423	1,451	(1.9%)
Revenue pax-kilometers (m RPK)	4,216	4,446	(5.2%)	12,245	12,572	(2.6%)
Available seat-kilometers (m ASK)	4,909	5,172	(5.1%)	14,208	14,806	(4.0%)
Load factor (%)	85.9%	86.0%	(0.1)	86.2%	84.9%	1.3

Africa / Middle East
Passengers carried (‘000s)	451	427	5.4%	1,321	1,246	6.0%
Revenue pax-kilometers (m RPK)	2,527	2,413	4.7%	7,439	7,022	5.9%
Available seat-kilometers (m ASK)	3,096	3,135	(1.3%)	9,137	9,109	0.3%
Load factor (%)	81.6%	77.0%	4.7	81.4%	77.1%	4.3

Caribbean / Indian,Ocean
Passengers carried (‘000s)	328	315	4.2%	981	942	4.2%
Revenue pax-kilometers (m RPK)	2,399	2,306	4.0%	7,152	6,880	4.0%
Available seat-kilometers (m ASK)	2,697	2,600	3.7%	8,089	7,777	4.0%
Load factor (%)	88.9%	88.7%	0.2	88.4%	88.5%	(0.0)

Short and Medium-haul
Passengers carried (‘000s)	4,374	4,252	2.9%	11,966	11,566	3.5%
Revenue pax-kilometers (m RPK)	3,543	3,424	3.5%	9,633	9,281	3.8%
Available seat-kilometers (m ASK)	4,429	4,498	(1.5%)	12,353	12,526	(1.4%)
Load factor (%)	80.0%	76.1%	3.9	78.0%	74.1%	3.9

* Air France, KLM, and HOP!

Transavia activity

		March		Year to date
Transavia	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	772	636	21.3%	1,893	1,656	14.3%
Revenue pax-kilometers (m RPK)	1,305	1,138	14.6%	3,263	3,017	8.2%
Available seat-kilometers (m ASK)	1,446	1,266	14.2%	3,718	3,430	8.4%
Load factor (%)	90.2%	89.9%	0.3	87.7%	87.9%	(0.2)

Total group passenger activity**

		March		Year to date
Total group**	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	7,231	6,910	4.6%	19,896	19,021	4.6%
Revenue pax-kilometers (m RPK)	20,421	19,784	3.2%	58,068	55,934	3.8%
Available seat-kilometers (m ASK)	23,954	23,638	1.3%	68,561	67,537	1.5%
Load factor (%)	85.3%	83.7%	1.6	84.7%	82.8%	1.9

** Air France, KLM, HOP! and Transavia

Cargo activity

		March		Year to date
Total Group	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	711	822	(13.5%)	2,034	2,261	(10.1%)
Available tonne-km (m ATK)	1,178	1,318	(10.7%)	3,434	3,736	(8.1%)
Load factor (%)	60.4%	62.4%	(2.0)	59.2%	60.5%	(1.3)

Air France and HOP! activity

		March		Year to date
Total Passenger network activity	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	4,064	4,105	(1.0%)	11,407	11,379	0.2%
Revenue pax-kilometers (m RPK)	11,355	11,407	(0.5%)	32,750	32,331	1.3%
Available seat-kilometers (m ASK)	13,517	13,749	(1.7%)	39,130	39,370	(0.6%)
Load factor (%)	84.0%	83.0%	1.0	83.7%	82.1%	1.6

Long-haul
Passengers carried (‘000s)	1,251	1,240	0.9%	3,648	3,547	2.9%
Revenue pax-kilometers (m RPK)	9,140	9,160	(0.2%)	26,690	26,202	1.9%
Available seat-kilometers (m ASK)	10,675	10,779	(1.0%)	31,140	31,082	0.2%
Load factor (%)	85.6%	85.0%	0.6	85.7%	84.3%	1.4

Short and Medium-haul
Passengers carried (‘000s)	2,814	2,866	(1.8%)	7,759	7,832	(0.9%)
Revenue pax-kilometers (m RPK)	2,215	2,247	(1.4%)	6,060	6,129	(1.1%)
Available seat-kilometers (m ASK)	2,842	2,970	(4.3%)	7,989	8,289	(3.6%)
Load factor (%)	77.9%	75.6%	2.3	75.8%	73.9%	1.9

		March		Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	299	326	(8.5%)	842	904	(6.8%)
Available tonne-km (m ATK)	559	587	(4.7%)	1,631	1,696	(3.9%)
Load factor (%)	53.4%	55.6%	(2.2)	51.6%	53.3%	(1.7)

KLM activity

		March		Year to date
Total Passenger network activity	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	2,395	2,169	10.4%	6,596	5,986	10.2%
Revenue pax-kilometers (m RPK)	7,761	7,239	7.2%	22,055	20,586	7.1%
Available seat-kilometers (m ASK)	8,990	8,622	4.3%	25,713	24,736	3.9%
Load factor (%)	86.3%	84.0%	2.4	85.8%	83.2%	2.6

Long-haul
Passengers carried (‘000s)	835	782	6.7%	2,389	2,253	6.1%
Revenue pax-kilometers (m RPK)	6,433	6,062	6.1%	18,482	17,435	6.0%
Available seat-kilometers (m ASK)	7,404	7,094	4.4%	21,349	20,499	4.1%
Load factor (%)	86.9%	85.4%	1.4	86.6%	85.1%	1.5

Short and Medium-haul
Passengers carried (‘000s)	1,560	1,387	12.5%	4,207	3,734	12.7%
Revenue pax-kilometers (m RPK)	1,328	1,177	12.9%	3,573	3,152	13.4%
Available seat-kilometers (m ASK)	1,587	1,528	3.9%	4,364	4,237	3.0%
Load factor (%)	83.7%	77.0%	6.7	81.9%	74.4%	7.5

		March		Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	413	496	(16.8%)	1,192	1,357	(12.2%)
Available tonne-km (m ATK)	619	732	(15.4%)	1,804	2,040	(11.6%)
Load factor (%)	66.7%	67.8%	(1.1)	66.1%	66.5%	(0.5)

Air France KLM January 2016 traffic results.

Mon, 08 Feb 2016 07:30:00 +0100

Traffic highlights

Network airlines activity (Air France, KLM, HOP!)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Long-haul	+ 0.4%	+ 3.4%	87.1%	+ 2.5
North America	+ 4.7%	+ 5.9%	87.0%	+ 1.0
Latin America	+ 2.6%	+ 4.6%	91.9%	+ 1.8
Asia	- 4.4%	- 0.3%	86.7%	+ 3.6
Africa / Middle East	- 0.0%	+ 5.6%	82.4%	+ 4.4
Caribbean / Indian Ocean	+ 1.4%	+ 2.5%	88.6%	+ 0.9
Short and Medium-haul	- 4.0%	+ 1.6%	76.6%	+ 4.3
Total	- 0.4%	+ 3.1%	85.2%	+ 2.9

5.8 million passengers, +2.4%
Network-wide load factor increase
Selective capacity growth in the Americas matched by strong increase in traffic and load factor
Unit revenue per available seat kilometer (RASK) ex-currency down compared to January 2015.

Transavia activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 4.6%	+ 4.4%	83.8%	- 0.2

0.5 million passengers, +9.3%

Total group passenger activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	- 0.2%	+ 3.2%	85.2%	+ 2.7

6.4 million passengers, +3.0%

Cargo activity

Capacity(ATK, %ch.)

Traffic(RTK, %ch.)

Load Factor

(%)

Change (pts)

Total

- 6.8%

- 6.4%

56.8%

+ 0.2

Unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to January 2015

Agenda

18^th February 2016: Full Year 2015 results
8^th March 2016: February 2016 traffic
8^th April 2016: March 2016 traffic

STATISTICS

Network airlines activity*

		January		Year to date
Total Network airlines*	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	5,843	5,705	2.4%	5,843	5,705	2.4%
Revenue pax-kilometers (m RPK)	18,612	18,052	3.1%	18,612	18,052	3.1%
Available seat-kilometers (m ASK)	21,839	21,926	(0.4%)	21,839	21,926	(0.4%)
Load factor (%)	85.2%	82.3%	2.9	85.2%	82.3%	2.9

Long-haul
Passengers carried (‘000s)	2,082	2,006	3.8%	2,082	2,006	3.8%
Revenue pax-kilometers (m RPK)	15,594	15,083	3.4%	15,594	15,083	3.4%
Available seat-kilometers (m ASK)	17,898	17,819	0.4%	17,898	17,819	0.4%
Load factor (%)	87.1%	84.6%	2.5	87.1%	84.6%	2.5

North America
Passengers carried (‘000s)	523	495	5.7%	523	495	5.7%
Revenue pax-kilometers (m RPK)	3,737	3,527	5.9%	3,737	3,527	5.9%
Available seat-kilometers (m ASK)	4,294	4,101	4.7%	4,294	4,101	4.7%
Load factor (%)	87.0%	86.0%	1.0	87.0%	86.0%	1.0

Latin America
Passengers carried (‘000s)	274	258	5.9%	274	258	5.9%
Revenue pax-kilometers (m RPK)	2,600	2,484	4.6%	2,600	2,484	4.6%
Available seat-kilometers (m ASK)	2,829	2,758	2.6%	2,829	2,758	2.6%
Load factor (%)	91.9%	90.1%	1.8	91.9%	90.1%	1.8

Asia / Pacific
Passengers carried (‘000s)	487	487	(0.0%)	487	487	(0.0%)
Revenue pax-kilometers (m RPK)	4,201	4,213	(0.3%)	4,201	4,213	(0.3%)
Available seat-kilometers (m ASK)	4,846	5,069	(4.4%)	4,846	5,069	(4.4%)
Load factor (%)	86.7%	83.1%	3.6	86.7%	83.1%	3.6

Africa / Middle East
Passengers carried (‘000s)	461	438	5.3%	461	438	5.3%
Revenue pax-kilometers (m RPK)	2,593	2,455	5.6%	2,593	2,455	5.6%
Available seat-kilometers (m ASK)	3,149	3,149	(0.0%)	3,149	3,149	(0.0%)
Load factor (%)	82.4%	78.0%	4.4	82.4%	78.0%	4.4

Caribbean / Indian,Ocean
Passengers carried (‘000s)	338	329	2.8%	338	329	2.8%
Revenue pax-kilometers (m RPK)	2,463	2,403	2.5%	2,463	2,403	2.5%
Available seat-kilometers (m ASK)	2,781	2,742	1.4%	2,781	2,742	1.4%
Load factor (%)	88.6%	87.6%	0.9	88.6%	87.6%	0.9

Short and Medium-haul
Passengers carried (‘000s)	3,761	3,699	1.7%	3,761	3,699	1.7%
Revenue pax-kilometers (m RPK)	3,018	2,970	1.6%	3,018	2,970	1.6%
Available seat-kilometers (m ASK)	3,941	4,107	(4.0%)	3,941	4,107	(4.0%)
Load factor (%)	76.6%	72.3%	4.3	76.6%	72.3%	4.3

* Air France, KLM, and HOP!

Transavia activity

		January		Year to date
Transavia	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	530	485	9.3%	530	485	9.3%
Revenue pax-kilometers (m RPK)	937	897	4.4%	937	897	4.4%
Available seat-kilometers (m ASK)	1,118	1,068	4.6%	1,118	1,068	4.6%
Load factor (%)	83.8%	84.0%	(0.2)	83.8%	84.0%	(0.2)

Total group passenger activity**

		January		Year to date
Total group**	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	6,373	6,190	3.0%	6,373	6,190	3.0%
Revenue pax-kilometers (m RPK)	19,549	18,949	3.2%	19,549	18,949	3.2%
Available seat-kilometers (m ASK)	22,957	22,994	(0.2%)	22,957	22,994	(0.2%)
Load factor (%)	85.2%	82.4%	2.7	85.2%	82.4%	2.7

** Air France, KLM, HOP! and Transavia

Cargo activity

		January		Year to date
Total Group	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	667	713	(6.4%)	667	713	(6.4%)
Available tonne-km (m ATK)	1,174	1,260	(6.8%)	1,174	1,260	(6.8%)
Load factor (%)	56.8%	56.6%	0.2	56.8%	56.6%	0.2

Air France and HOP! activity

		January		Year to date
Passenger activity	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	3,722	3,743	(0.6%)	3,722	3,743	(0.6%)
Revenue pax-kilometers (m RPK)	11,182	11,027	1.4%	11,182	11,027	1.4%
Available seat-kilometers (m ASK)	13,252	13,445	(1.4%)	13,252	13,445	(1.4%)
Load factor (%)	84.4%	82.0%	2.4	84.4%	82.0%	2.4

		January		Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	272	289	(6.1%)	272	289	(6.1%)
Available tonne-km (m ATK)	560	589	(4.9%)	560	589	(4.9%)
Load factor (%)	48.5%	49.1%	(0.6)	48.5%	49.1%	(0.6)

KLM activity

		January		Year to date
Passenger activity	2016	2015	Variation	2016	2015	Variation
Passengers carried (‘000s)	2,122	1,962	8.2%	2,122	1,962	8.2%
Revenue pax-kilometers (m RPK)	7,430	7,025	5.8%	7,430	7,025	5.8%
Available seat-kilometers (m ASK)	8,587	8,481	1.2%	8,587	8,481	1.2%
Load factor (%)	86.5%	82.8%	3.7	86.5%	82.8%	3.7

		January		Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	395	424	(6.7%)	395	424	(6.7%)
Available tonne-km (m ATK)	614	671	(8.5%)	614	671	(8.5%)
Load factor (%)	64.4%	63.1%	1.3	64.4%	63.1%	1.3

Air France KLM - December 2015 Traffic Results

Mon, 11 Jan 2016 07:30:00 +0100

Traffic highlights

The negative impact of the Paris attacks on December revenues is estimated to be around 70 million euros, with significant easing during the last two weeks. Booking trends in December were in line with a progressive recovery.

Passenger network activity (Air France, KLM, HOP!)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Long-haul	+ 1.7%	+ 1.3%	84.1%	- 0.3
North America	+ 6.7%	+ 4.0%	86.0%	- 2.2
Latin America	+ 3.3%	+ 2.9%	85.1%	- 0.4
Asia	- 3.1%	- 4.2%	81.9%	- 1.0
Africa / Middle East	+ 2.1%	+ 5.7%	83.0%	+ 2.8
Caribbean / Indian Ocean	+ 0.5%	+ 0.5%	85.2%	+ 0.0
Short and Medium-haul	- 2.5%	- 2.0%	77.4%	+ 0.4
Total network airlines	+ 0.9%	+ 0.7%	82.8%	- 0.1

6.2 million passengers, down 1.1%
Network-wide load factor stable in spite of Paris terrorist attacks,
Load factor for both North America and Asia networks, notably Japan routes, impacted by the Paris terrorist attacks,
Excluding the estimated impact of the Paris attacks, unit revenue per available seat kilometer (RASK) ex-currency down compared to December 2014.

Transavia activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 8.8%	+ 7.6%	83.2%	- 1.0

0.6 million passengers, up 13.1%

Total group passenger activity (Air France, KLM, HOP!, Transavia)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 1.3%	+ 1.1%	82.9%	- 0.2

Total group passengers stable at 6.7 million

Cargo activity

Capacity(ATK, %ch.)

Traffic(RTK, %ch.)

Load Factor

(%)

Change (pts)

Total

- 6.6%

- 7.8%

62.5%

- 0.8

Ongoing restructuring of cargo: full-freighter capacity down 29% compared to December 2014
Unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to December 2014

Agenda

8 February 2016: January 2016 traffic
18 February 2016: Full year 2015 results
8 March 2016: February 2016 traffic

Transavia Shareholder structure

Mon, 09 Nov 2015 20:15:41 +0100

The further development of Transavia in the Low Cost segment is one of the pillars in the AF/KL strategy Perform2020. The ambition is to develop the activities under Transavia brand, both from the Netherlands, France and other European countries, improving efficiencies and creating new opportunities in the low cost European market.

When Transavia France (TO) was founded in 2007, the shareholder structure was one of 40% Transavia Netherlands (HV) and 60% Air France.‎ This enabled Transavia France (TO) to make a successful and smooth start and capitalize on the existing platform of Transavia Netherlands within the AF/KL Group. As to simplify and further streamline the shareholder structure the rearrangement of the 40% shares in TO by HV within the AF/KL Group has been proposed. The necessary steps and approvals within the various corporate bodies for this have almost been completed after which it can be executed.

A possible next step, currently under review, is a further minority rearrangement of the HV shares in the AF/KL Group (KLM holds at present 100% of the HV shares). For this ‎possible next step, the various checks and evaluations are being made at present. ‎Also consultation with the various stakeholders is yet to be done.‎ These evaluations and consultations will be properly done first in the coming months.

AirFrance-KLM October 2015 Traffic Results

Mon, 09 Nov 2015 07:30:00 +0100

Traffic highlights

Passenger network activity (Air France, KLM, HOP!)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Long-haul	+ 1.6%	+ 3.2%	87.1%	+ 1.3
North America	+ 2.3%	+ 4.6%	90.1%	+ 2.0
Latin America	+ 5.1%	+ 4.3%	86.6%	- 0.7
Asia	- 1.5%	+ 0.6%	87.7%	+ 1.9
Africa / Middle East	+ 1.6%	+ 5.3%	81.8%	+ 2.9
Caribbean / Indian Ocean	+ 3.7%	+ 1.9%	86.2%	- 1.5
Short and Medium-haul	- 1.8%	+ 0.3%	82.4%	+ 1.7
Total network airlines	+ 0.9%	+ 2.6%	86.1%	+ 1.4

7.0 million passengers, up 1.5%
Increase in traffic in all regions of the network
Increase in capacity on Latin America driven by the continuation of KLM developments to Bogota, Cali, Buenos Aires and Santiago
Excluding last year’s strike impact on October revenues, unit revenue per available seat kilometer (RASK) ex-currency down compared to October 2014

Transavia activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 7.7%	+ 6.8%	90.1%	- 0.7

1.1 million passengers, up 11.9%
Ongoing accelerated development of Transavia in France (passenger volumes up 42%)

Total group passenger activity (Air France, KLM, HOP!, Transavia)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 1.5%	+ 2.9%	86.5%	+ 1.3

8.1 million passengers, up 2.8%

Cargo activity

Capacity(ATK, %ch.)

Traffic(RTK, %ch.)

Load Factor

(%)

Change (pts)

Total

- 7.5%

- 10.1%

62.2%

- 1.8

Ongoing restructuring of cargo: full-freighter capacity down 32% compared to October 2014
Unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to October 2014

Strategic developments

For the 2015-2016 winter season (from 25 October 2015 to 26 March 2016), Air France-KLM total capacity will increase by 1.5% compared with the previous winter season. Growth will be driven by long-haul passenger network operations (+1.7%) and Transavia activity (+9.1%), while medium-haul passenger network operations will decrease by -1.8%.

On long-haul, Air France-KLM is mainly increasing capacity to North America and the Caribbean while reducing capacity to other destinations including Brazil, Japan and East Africa. Two destinations are suspended: Fukuoka (Japan) from Amsterdam-Schiphol by KLM and Kuala Lumpur (Malaysia) from Paris-Charles de Gaulle by Air France.
On medium-haul, Group capacity is stable on departure from the hubs at Paris-Charles de Gaulle and Amsterdam-Schiphol, apart from the suspension of Air France services to Vigo (Spain), Verona (Italy) and Stavanger (Norway).
Transavia will welcome 3 new Boeing 737-800 aircraft as from January 2016 to support its growth in France and the Netherlands.
KLM will take delivery of its first 3 Boeing 787 this winter, which will fly to Abu Dhabi, Bahrain, Dubai and Rio de Janeiro during this season. In parallel, the Boeing 747 will be definitely withdrawn from the Air France fleet in January 2016.
The Group continues to roll out its new products and services, with more than 60 long-haul aircraft equipped at the end of the year. In addition, the cabin renewal program continues on medium-haul: the new leather seats, already in place onboard 24 Air France Airbus A319, will be fully deployed on 25 Airbus A320 during the first half of 2016.

Agenda

8 December 2015: November 2015 traffic
11 January 2016: December 2015 traffic
8 February 2016: January 2016 traffic

STATISTICS

Passenger network activity*

		October		Year to date
Total Passenger network*	2015	2014	Variation	2015	2014	Variation
Passengers carried (‘000s)	7,040	6,932	1.5%	66,899	65,287	2.5%
Revenue pax-kilometers (m RPK)	20,443	19,928	2.6%	199,439	193,513	3.1%
Available seat-kilometers (m ASK)	23,733	23,519	0.9%	232,996	227,290	2.5%
Load factor (%)	86.1%	84.7%	1.4	85.6%	85.1%	0.5

Long-haul
Passengers carried (‘000s)	2,187	2,113	3.5%	21,581	20,819	3.7%
Revenue pax-kilometers (m RPK)	16,458	15,954	3.2%	161,904	156,465	3.5%
Available seat-kilometers (m ASK)	18,899	18,597	1.6%	186,381	180,514	3.3%
Load factor (%)	87.1%	85.8%	1.3	86.9%	86.7%	0.2

North America
Passengers carried (‘000s)	661	637	3.9%	6,407	6,149	4.2%
Revenue pax-kilometers (m RPK)	4,694	4,486	4.6%	45,464	43,407	4.7%
Available seat-kilometers (m ASK)	5,208	5,092	2.3%	51,249	49,251	4.1%
Load factor (%)	90.1%	88.1%	2.0	88.7%	88.1%	0.6

Latin America
Passengers carried (‘000s)	266	254	4.9%	2,550	2,412	5.7%
Revenue pax-kilometers (m RPK)	2,554	2,450	4.3%	24,520	23,229	5.6%
Available seat-kilometers (m ASK)	2,951	2,807	5.1%	28,158	26,434	6.5%
Load factor (%)	86.6%	87.3%	(0.7)	87.1%	87.9%	(0.8)

Asia / Pacific
Passengers carried (‘000s)	546	538	1.4%	5,330	5,119	4.1%
Revenue pax-kilometers (m RPK)	4,760	4,730	0.6%	46,575	45,231	3.0%
Available seat-kilometers (m ASK)	5,424	5,509	(1.5%)	53,200	51,873	2.6%
Load factor (%)	87.7%	85.9%	1.9	87.5%	87.2%	0.4

Africa / Middle East
Passengers carried (‘000s)	451	424	6.4%	4,436	4,330	2.5%
Revenue pax-kilometers (m RPK)	2,500	2,375	5.3%	24,541	24,231	1.3%
Available seat-kilometers (m ASK)	3,055	3,009	1.6%	30,151	29,666	1.6%
Load factor (%)	81.8%	78.9%	2.9	81.4%	81.7%	(0.3)

Caribbean / Indian, Ocean
Passengers carried (‘000s)	263	261	0.8%	2,858	2,809	1.7%
Revenue pax-kilometers (m RPK)	1,949	1,914	1.9%	20,803	20,367	2.1%
Available seat-kilometers (m ASK)	2,261	2,181	3.7%	23,623	23,289	1.4%
Load factor (%)	86.2%	87.7%	(1.5)	88.1%	87.5%	0.6

Short and Medium-haul
Passengers carried (‘000s)	4,853	4,819	0.7%	45,318	44,469	1.9%
Revenue pax-kilometers (m RPK)	3,985	3,974	0.3%	37,535	37,048	1.3%
Available seat-kilometers (m ASK)	4,834	4,922	(1.8%)	46,615	46,776	(0.3%)
Load factor (%)	82.4%	80.7%	1.7	80.5%	79.2%	1.3

* Air France, KLM, and HOP!

Transavia activity

		October		Year to date
Transavia	2015	2014	Variation	2015	2014	Variation
Passengers carried (‘000s)	1,074	960	11.9%	9,712	8,916	8.9%
Revenue pax-kilometers (m RPK)	2,006	1,877	6.8%	18,169	17,224	5.5%
Available seat-kilometers (m ASK)	2,227	2,068	7.7%	20,067	19,050	5.3%
Load factor (%)	90.1%	90.8%	(0.7)	90.5%	90.4%	0.1

Total group passenger activity**

		October		Year to date
Total group**	2015	2014	Variation	2015	2014	Variation
Passengers carried (‘000s)	8,114	7,893	2.8%	76,612	74,203	3.2%
Revenue pax-kilometers (m RPK)	22,448	21,806	2.9%	217,607	210,737	3.3%
Available seat-kilometers (m ASK)	25,960	25,587	1.5%	253,063	246,341	2.7%
Load factor (%)	86.5%	85.2%	1.3	86.0%	85.5%	0.4

** Air France, KLM, HOP! and Transavia

Cargo activity

		October		Year to date
Total group	2015	2014	Variation	2015	2014	Variation
Revenue tonne-km (m RTK)	786	874	(10.1%)	7,497	8,172	(8.3%)
Available tonne-km (m ATK)	1,263	1,365	(7.5%)	12,540	13,029	(3.8%)
Load factor (%)	62.2%	64.0%	(1.8)	59.8%	62.7%	(2.9)

AIRFRANCE KLM Financial Year 2015: Third Quarter results.

Thu, 29 Oct 2015 07:15:00 +0100

First nine months of 2015

Revenues of 19.7 billion euros, up 3.1% excluding strike impact, down 3.1% like-for-like
EBITDAR of 2,658 million euros, an improvement of 388 million euros like-for-like
Strong operating free cash flow (2) generation: 533 million euros
Further net debt reduction: net debt (2) of 4.33 billion euros, down 1,077 million euros compared to 31 December 2014
Adjusted net debt / EBITDAR ratio (3) of 3.4x, an improvement of 0.6 compared to 31 December 2014

Full year 2015 outlook

Unit cost target: reduction in the 0.5% to 0.7% range (4) (previously: in the 1.0% to 1.3% range)
End 2015 net debt target unchanged: around 4.4 billion euros, down 1 billion euros compared to end of 2014

The Board of Directors of Air France-KLM, chaired by Alexandre de Juniac, met on 28 October 2015 to examine the accounts for the Third Quarter of the Financial Year 2015.

1) Like-for-like: excluding currency and September 2014 pilot strike. Same definition applies in rest of press release
2) See definition in appendix
3) Trailing 12 months, EBITDAR adjusted for September 2014 pilot strike impact; see definition in appendix
4) On a constant currency, fuel price and pension-related expense basis. See computation in appendix

AirFrance-KLM September 2015 Traffic Results.

Thu, 08 Oct 2015 07:30:00 +0200

Traffic highlights

Passenger network activity (Air France, KLM, HOP!)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Long-haul	+ 24.3%	+ 24.3%	87.9%	+ 0.0
North America	+ 26.1%	+ 26.5%	89.2%	+ 0.3
Latin America	+ 30.6%	+ 28.3%	89.9%	- 1.6
Asia	+ 22.5%	+ 23.9%	89.3%	+ 1.0
Africa / Middle East	+ 19.3%	+ 21.1%	84.2%	+ 1.2
Caribbean / Indian Ocean	+ 23.4%	+ 18.6%	82.7%	- 3.3
Short and Medium-haul	+ 19.2%	+ 24.0%	82.9%	+ 3.2
Total network airlines	+ 23.2%	+ 24.3%	86.8%	+ 0.7
Total network airlines excluding strike impact	+ 1.0%	+ 1.6%	86.8%	+ 0.5

Comparison affected by the September 2014 strike, whose impact was estimated at ASK 4,249 million and RPK 3,704 million
Excluding strike impact, traffic up 1.6% for capacity up by 1.0%
7.1 million passengers, up 23.6%
Excluding last year’s strike impact, unit revenue per available seat kilometer (RASK) ex-currency down compared to September 2014

Transavia activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 4.9%	+ 4.0%	91.6%	- 0.8

1.2 million passengers, up 8.4%
Ongoing accelerated development of Transavia in France (passenger volumes up 34%)

Total group passenger activity (Air France, KLM, HOP!, Transavia)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 21.3%	+ 22.0%	87.3%	+ 0.5
Total excl. strike impact	+ 1.3%	+ 1.8%	87.3%	+ 0.4

8.3 million passengers, up 21.2%

Cargo activity

Capacity(ATK, %ch.)

Traffic(RTK, %ch.)

Load Factor

(%)

Change (pts)

Total

+ 11.3%

+ 8.2%

59.9%

- 1.7

Total excl. strike impact

- 6.5%

- 10.8%

59.9%

- 2.9

Comparison affected by the September 2014 strike, whose impact was estimated at ATK 213 million and RTK 147 million
Excluding strike impact, traffic down 10.8% for capacity down 6.5% in the framework of the ongoing restructuring of cargo
Excluding last year’s strike impact, unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to September 2014

Agenda

29 October 2015: Q3 2015 results
9 November 2015: October 2015 traffic
8 December 2015: November 2015 traffic

STATISTICS

Passenger network activity*

		September		Year to date
Total Passenger network*	2015	2014	Variation	2015	2014	Variation
Passengers carried (‘000s)	7,073	5,722	23.6%	59,860	58,355	2.6%
Revenue pax-kilometers (m RPK)	20,637	16,609	24.3%	178,996	173,585	3.1%
Available seat-kilometers (m ASK)	23,767	19,289	23.2%	209,263	203,771	2.7%
Load factor (%)	86.8%	86.1%	0.7	85.5%	85.2%	0.4

Long-haul
Passengers carried (‘000s)	2,205	1,769	24.6%	19,394	18,705	3.7%
Revenue pax-kilometers (m RPK)	16,588	13,342	24.3%	145,445	140,511	3.5%
Available seat-kilometers (m ASK)	18,881	15,189	24.3%	167,482	161,917	3.4%
Load factor (%)	87.9%	87.8%	0.0	86.8%	86.8%	0.1

North America
Passengers carried (‘000s)	706	562	25.8%	5,745	5,512	4.2%
Revenue pax-kilometers (m RPK)	4,996	3,949	26.5%	40,770	38,921	4.7%
Available seat-kilometers (m ASK)	5,602	4,443	26.1%	46,042	44,160	4.3%
Load factor (%)	89.2%	88.9%	0.3	88.6%	88.1%	0.4

Latin America
Passengers carried (‘000s)	267	208	28.7%	2,284	2,158	5.8%
Revenue pax-kilometers (m RPK)	2,574	2,007	28.3%	21,965	20,779	5.7%
Available seat-kilometers (m ASK)	2,862	2,191	30.6%	25,207	23,628	6.7%
Load factor (%)	89.9%	91.6%	(1.6)	87.1%	87.9%	(0.8)

Asia / Pacific
Passengers carried (‘000s)	553	446	23.9%	4,785	4,581	4.4%
Revenue pax-kilometers (m RPK)	4,855	3,920	23.9%	41,815	40,502	3.2%
Available seat-kilometers (m ASK)	5,439	4,440	22.5%	47,775	46,364	3.0%
Load factor (%)	89.3%	88.3%	1.0	87.5%	87.4%	0.2

Africa / Middle East
Passengers carried (‘000s)	454	363	25.0%	3,986	3,906	2.0%
Revenue pax-kilometers (m RPK)	2,491	2,057	21.1%	22,041	21,856	0.8%
Available seat-kilometers (m ASK)	2,956	2,478	19.3%	27,096	26,658	1.6%
Load factor (%)	84.2%	83.0%	1.2	81.3%	82.0%	(0.6)

Caribbean / Indian, Ocean
Passengers carried (‘000s)	224	190	17.8%	2,595	2,548	1.8%
Revenue pax-kilometers (m RPK)	1,672	1,410	18.6%	18,854	18,453	2.2%
Available seat-kilometers (m ASK)	2,022	1,638	23.4%	21,362	21,109	1.2%
Load factor (%)	82.7%	86.1%	(3.3)	88.3%	87.4%	0.8

Short and Medium-haul
Passengers carried (‘000s)	4,869	3,953	23.2%	40,465	39,649	2.1%
Revenue pax-kilometers (m RPK)	4,049	3,266	24.0%	33,550	33,074	1.4%
Available seat-kilometers (m ASK)	4,886	4,100	19.2%	41,781	41,854	(0.2%)
Load factor (%)	82.9%	79.7%	3.2	80.3%	79.0%	1.3

* Air France, KLM, and HOP!

Transavia activity

		September		Year to date
Transavia	2015	2014	Variation	2015	2014	Variation
Passengers carried (‘000s)	1,181	1,090	8.4%	8,638	7,956	8.6%
Revenue pax-kilometers (m RPK)	2,148	2,065	4.0%	16,163	15,342	5.3%
Available seat-kilometers (m ASK)	2,344	2,235	4.9%	17,840	16,983	5.0%
Load factor (%)	91.6%	92.4%	(0.8)	90.6%	90.3%	0.3

Total group passenger activity**

		September		Year to date
Total group**	2015	2014	Variation	2015	2014	Variation
Passengers carried (‘000s)	8,254	6,811	21.2%	68,497	66,310	3.3%
Revenue pax-kilometers (m RPK)	22,785	18,674	22.0%	195,159	188,927	3.3%
Available seat-kilometers (m ASK)	26,111	21,524	21.3%	227,103	220,754	2.9%
Load factor (%)	87.3%	86.8%	0.5	85.9%	85.6%	0.4

** Air France, KLM, HOP! and Transavia

Cargo activity

		September		Year to date
Total group	2015	2014	Variation	2015	2014	Variation
Revenue tonne-km (m RTK)	746	690	8.2%	6,711	7,297	(8.0%)
Available tonne-km (m ATK)	1,246	1,119	11.3%	11,277	11,664	(3.3%)
Load factor (%)	59.9%	61.6%	(1.7)	59.5%	62.6%	(3.0)

Air France-KLM tops DJSI as best airline for 11th consecutive year

Thu, 10 Sep 2015 13:09:00 +0200

Additionally, for the 7^th consecutive year, Air France-KLM has maintained its position as Industry Group Leader in the broader transportation sector, embracing air, rail, sea and road transportation as well as airport operations.

In all its endeavours, Air France-KLM continually strives to make aviation more sustainable. KLM focuses on several areas, one of which is to reduce environmental impact. Integrating sustainable development in its products and services and pursuing responsible HR policy also contributes towards achieving this objective.

*The Dow Jones Sustainability Index (DJSI) evaluates the sustainability performance of the largest companies listed on the Dow Jones Global Total Stock Market Index. The DJSI is managed cooperatively by S&P Dow Jones Indices and RobecoSAM (Sustainable Asset Management).

AIRFRANCE KLM August 2015 Traffic Results.

Wed, 09 Sep 2015 07:30:00 +0200

Traffic highlights

Passenger network activity (Air France, KLM, HOP!)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Long-haul	+ 2.2%	+ 2.9%	90.9%	+ 0.7
North America	+ 1.7%	+ 2.7%	90.6%	+ 0.9
Latin America	+ 7.1%	+ 6.8%	88.7%	- 0.3
Asia	+ 1.1%	+ 2.5%	93.4%	+ 1.2
Africa / Middle East	+ 2.5%	+ 3.0%	89.9%	+ 0.5
Caribbean / Indian Ocean	- 0.2%	- 0.0%	90.1%	+ 0.2
Short and Medium-haul	- 1.8%	- 0.7%	84.9%	+ 0.9
Total network airlines	+ 1.4%	+ 2.2%	89.8%	+ 0.8

7.3 million passengers, up 1.0%
Long-haul traffic up 2.9% resulting in high load factor (90.9%) on long-haul network
Unit revenue per available seat kilometer (RASK) ex-currency down compared to August 2014

Transavia activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 1.3%	+ 1.1%	92.7%	- 0.1

.4 million passengers, up 3.6%
Ongoing accelerated development of Transavia in France (passenger volumes up 21%) partly offset by seasonal charter capacity adjustments in the Netherlands

Total group passenger activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 1.4%	+ 2.1%	90.1%	+ 0.7

8.7 million passengers, up 1.4%

Cargo activity

Capacity(ATK, %ch.)

Traffic(RTK, %ch.)

Load Factor

(%)

Change (pts)

Total

- 7.6%

- 8.9%

57.9%

- 0.8

Ongoing restructuring of cargo: full-freighter capacity down 31% compared to August 2014
Unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to August 2014

Agenda

8 October 2015: September 2015 traffic
29 October 2015: Q3 2015 results
9 November 2015: October 2015 traffic

Statistics

		August		Year to date
Total Passenger network*	2015	2014	Variation	2015	2014	Variation
Passengers carried (‘000s)	7,349	7,276	1.0%	52,786	52,633	0.3%
Revenue pax-kilometers (m RPK)	23,119	22,612	2.2%	158,359	156,976	0.9%
Available seat-kilometers (m ASK)	25,748	25,399	1.4%	185,496	184,482	0.5%
Load factor (%)	89.8%	89.0%	0.8	85.4%	85.1%	0.3

Long-haul
Passengers carried (‘000s)	2,539	2,467	2.9%	17,190	16,936	1.5%
Revenue pax-kilometers (m RPK)	18,911	18,375	2.9%	128,857	127,169	1.3%
Available seat-kilometers (m ASK)	20,794	20,355	2.2%	148,600	146,728	1.3%
Load factor (%)	90.9%	90.3%	0.7	86.7%	86.7%	0.0

North America
Passengers carried (‘000s)	791	777	1.8%	5,039	4,950	1.8%
Revenue pax-kilometers (m RPK)	5,606	5,456	2.7%	35,774	34,973	2.3%
Available seat-kilometers (m ASK)	6,187	6,086	1.7%	40,440	39,717	1.8%
Load factor (%)	90.6%	89.6%	0.9	88.5%	88.1%	0.4

Latin America
Passengers carried (‘000s)	278	259	7.1%	2,016	1,950	3.4%
Revenue pax-kilometers (m RPK)	2,668	2,498	6.8%	19,391	18,772	3.3%
Available seat-kilometers (m ASK)	3,007	2,807	7.1%	22,345	21,437	4.2%
Load factor (%)	88.7%	89.0%	(0.3)	86.8%	87.6%	(0.8)

Asia / Pacific
Passengers carried (‘000s)	621	603	3.1%	4,232	4,135	2.3%
Revenue pax-kilometers (m RPK)	5,480	5,346	2.5%	36,960	36,582	1.0%
Available seat-kilometers (m ASK)	5,867	5,801	1.1%	42,336	41,924	1.0%
Load factor (%)	93.4%	92.2%	1.2	87.3%	87.3%	0.0

Africa / Middle East
Passengers carried (‘000s)	520	499	4.2%	3,532	3,543	(0.3%)
Revenue pax-kilometers (m RPK)	2,834	2,751	3.0%	19,550	19,799	(1.3%)
Available seat-kilometers (m ASK)	3,152	3,075	2.5%	24,139	24,179	(0.2%)
Load factor (%)	89.9%	89.4%	0.5	81.0%	81.9%	(0.9)

Caribbean / Indian, Ocean
Passengers carried (‘000s)	328	328	(0.1%)	2,371	2,358	0.5%
Revenue pax-kilometers (m RPK)	2,324	2,324	(0.0%)	17,182	17,044	0.8%
Available seat-kilometers (m ASK)	2,580	2,585	(0.2%)	19,340	19,471	(0.7%)
Load factor (%)	90.1%	89.9%	0.2	88.8%	87.5%	1.3

Short and Medium-haul
Passengers carried (‘000s)	4,811	4,809	0.0%	35,597	35,697	(0.3%)
Revenue pax-kilometers (m RPK)	4,208	4,237	(0.7%)	29,501	29,807	(1.0%)
Available seat-kilometers (m ASK)	4,954	5,044	(1.8%)	36,895	37,755	(2.3%)
Load factor (%)	84.9%	84.0%	0.9	80.0%	79.0%	1.0

Transavia activity

		August		Year to date
Transavia	2015	2014	Variation	2015	2014	Variation
Passengers carried (‘000s)	1,387	1,339	3.6%	7,457	6,866	8.6%
Revenue pax-kilometers (m RPK)	2,638	2,608	1.1%	14,015	13,277	5.6%
Available seat-kilometers (m ASK)	2,846	2,810	1.3%	15,496	14,748	5.1%
Load factor (%)	92.7%	92.8%	(0.1)	90.4%	90.0%	0.4

Total group passenger activity**

		August		Year to date
Total group**	2015	2014	Variation	2015	2014	Variation
Passengers carried (‘000s)	8,737	8,615	1.4%	60,243	59,499	1.3%
Revenue pax-kilometers (m RPK)	25,757	25,220	2.1%	172,374	170,253	1.2%
Available seat-kilometers (m ASK)	28,594	28,209	1.4%	200,992	199,230	0.9%
Load factor (%)	90.1%	89.4%	0.7	85.8%	85.5%	0.3

Cargo activity

		August		Year to date
Total group	2015	2014	Variation	2015	2014	Variation
Revenue tonne-km (m RTK)	759	834	(8.9%)	5,965	6,607	(9.7%)
Available tonne-km (m ATK)	1,312	1,420	(7.6%)	10,031	10,545	(4.9%)
Load factor (%)	57.9%	58.7%	(0.8)	59.5%	62.7%	(3.2)

AirFrance-KLM Financial Year 2015: First Half results.

Fri, 24 Jul 2015 07:15:00 +0200

SECOND QUARTER

Revenues of 6.64 billion euros, up 3.0%, down 4.5% like-for-like[1]
EBITDAR[2] of 824 million euros, a decrease of 30 million euros
Operating result of 185 million euros, a decrease of 53 million euros,stable like-for-like
Unit cost² down 0.5% like-for-like

FIRST HALF

Revenues of 12.30 billion euros, up 2.4%, down 3.6% like-for-like
EBITDAR of 1,053 million euros, an improvement of 32 million euros
Strong operating free cash flow² generation: 274 million euros
Further net debt reduction: net debt² of 4.55 billion euros, down 857 million euros compared to 31 December 2014
Adjusted net debt / EBITDAR ratio[3] of 3.8x, an improvement of 0.2 compared to 31 December 2014

FULL YEAR 2015 OUTLOOK: OBJECTIVES MAINTAINED

Unit cost reduction in the 1% to 1.3% range[4]
Significant reduction in net debt, from 5.4 billion euros at end 2014 down to around 4.4 billion euros at end 2015

ACCELERATION OF PERFORM 2020

Launch of immediate cost-saving measures
Acceleration of all cost reduction initiatives
Adjustment of Winter 2015-16 capacity

[1] Like-for-like: excluding currency. Same definition applies in rest of press release

[2] See definition in appendix

[3] Trailing 12 months, EBITDAR adjusted for September 2014 pilot strike impact; see definition in appendix

[4] On a constant currency, fuel price and pension-related expense basis. See computation in appendix

----------------------------------------------------------------------------------------------------------------------------------------------------

The Board of Directors of Air France-KLM, chaired by Alexandre de Juniac, met on 23 July 2015 to approve the accounts for the First Half of the Financial Year 2015.

Key Data

	Second Quarter			First Half
	2015	2014	Change	2015	2014	Change
Passengers (thousands)	23,580	23,390	+0.8%	42,601	42,188	+1.0%
Capacity (EASK m)	85,948	85,807	+0.2%	163,180	162,971	+0.1%
Revenues (€m)	6,642	6,451	+3.0%	12,298	12,005	+2.4%
Change like-for-like (%)			-4.5%			-3.6%
EBITDAR (€m)	824	854	-30	1,053	1,021	+32
EBITDA (€m)	569	641	-72	548	591	-43
EBITDA margin (%)	8.6	9.9	-1.3 pt	4.5	4.9	-0.4 pt
EBITDA change like-for-like (€m)			-17			+92
Operating result (€m)	185	238	-53	-232	-207	-25
Operating margin (%)	2.8%	3.7%	-0.9 pt	-1.9%	-1.7%	-0.2 pt
Operating result changelike-for-like (€m)			+2			+110
Net result, group share (€m)	-79	-11	-68	-638	-619	-19
Restated net result, group share² (€m)	77	146	-69	-427	-339	-88
Earnings per share (€)	(0.27)	(0.04)	-0.23	(2.16)	(2.09)	-0.07
Diluted earnings per share (€)	(0.27)	(0.04)	-0.23	(2.16)	(2.09)	-0.07
Adjusted earnings per share (€)	0.24	0.49	-0.25	(1.46)	(1.15)	-0.31
Diluted adjusted earnings per share (€)	0.21	0.38	-0.17	(1.46)	(1.15)	-0.31
Operating free cash flow (€m)	311	175	+136	274	95	+179
Net debt at end of period (€m)				4,550	5,407	-857

The consolidated financial statements of the Group have been revised as of 1^st January 2015 in order to improve their clarity. The changes are:

In view of its rapid development, Transavia is now presented as a separate business segment. The passenger business segment is thus renamed from “passenger” to “passenger network”.
Capitalized production costs are no longer deducted from individual cost lines in the profit and loss statement, but are instead fully allocated to the “other income and expenses” line. The impact per quarter of this restatement is provided in the appendix.
Foreign currency effects on provisions are no longer recorded in “amortization, depreciation and provisions” but in “other financial income and expenses”. The closing exchange rate is used to convert provisions at the closing date. Previously, the Group used the average rate of the US dollar to convert maintenance provisions. The consolidated financial statements as of December 31, 2014 have been restated for reason of comparison. The impact of this restatement is provided in the appendix.

Watch the broadcast of the press conference at 10:30 am CET

AFKL Traffic Results June 2015

Wed, 08 Jul 2015 16:34:35 +0200

Traffic highlights

Passenger network activity (Air France, KLM, HOP!)	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Long-haul	+ 1.1%	+ 1.9%	87.5%	+ 0.7
North America	+ 1.6%	+ 1.8%	90.4%	+ 0.2
Latin America	+ 6.7%	+ 6.8%	89.0%	+ 0.1
Asia	- 0.9%	+ 0.7%	87.1%	+ 1.4
Africa / Middle East	- 0.7%	+ 0.2%	82.2%	+ 0.7
Caribbean / Indian Ocean	+ 0.6%	+ 1.1%	85.9%	+ 0.4
Short and Medium-haul	- 1.9%	- 2.8%	82.8%	- 0.8
Total network airlines	+ 0.5%	+ 0.9%	86.5%	+ 0.4

- 7.1 million passengers, down 0.9%

- Increase in both traffic and load factor in all regions of the long-haul network

- Unit revenue per available seat kilometer (RASK) ex-currency clearly down compared to June 2014

Transavia activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 6.1%	+ 7.6%	92.1%	+ 1.3

- 1.1 million passengers, up 7.6%

- Ongoing accelerated development of Transavia in France, capacity up 21%, with high load factor

Total group passenger activity	Capacity(ASK, %ch.)	Traffic(RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 0.9%	+ 1.5%	87.0%	+ 0.5

- 8.2 million passengers, up 0.2%

Cargo activity

Capacity(ATK, %ch.)

Traffic(RTK, %ch.)

Load Factor

(%)

Change (pts)

Total

- 5.2%

- 6.6%

59.9%

- 0.9

- Ongoing restructuring of cargo: full-freighter capacity down 22% compared to June 2014

- Unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to June 2014

Recent Developments

On July 3^rd, KLM signed a 575 million euro revolving credit facility with 10 international banks, finalizing the early refinancing of its credit facility which was due to mature in July 2016. Air France-KLM now has at its disposal undrawn credit facilities amounting in total to €1.845 billion.

Agenda

24 July 2015: First Half Year results

10 August 2015: July 2015 traffic

9 September 2015: August 2015 traffic

AIRFRANCE KLM April Traffic Results 2015.

Mon, 11 May 2015 07:57:41 +0200

Traffic highlights

6.5 million passengers, down 2.0%
Increased pressure on unit revenue in the month of April including Easter calendar effect. Unit revenue per available seat kilometer (RASK) ex-currency down compared to April 2014, reflecting the expected capacity/demand balances in the different regions, in line with the expected outlook for the year: almost all of the expected savings on the fuel bill could be offset by unit revenue pressure and negative currency impacts

Transavia Activity

0.8 million passengers, +7.6%
Ongoing accelerated development of Transavia in France, capacity up 24%

Total group passenger activity

7.3 million passengers, down 1.0%

Cargo activity

Unit revenue per available ton kilometer (RATK) ex-currency down compared to April 2014

Recent Developments

On April 10th, following a very high level of interest, Air France-KLM has increased the size of the perpetual subordinated bond issue realized on 26 March, raising an additional 200 million euros at a yield of 5.5%.
On April 29th, Air France-KLM and Air France signed a 1.1 billion euro revolving credit facility with 13 international banks, finalizing the early refinancing of the credit facility which was due to mature in April 2016.

Agenda:

21 May 2015: Annual General Meeting of shareholders
8 June 2015: May 2015 traffic8 July 2015: June 2015 traffic

AIRFRANCE KLM Financial Year 2015: First Quarter results.

Thu, 30 Apr 2015 07:15:00 +0200

FIRST QUARTER RESULTS AFFECTED BY CURRENCY IMPACT

Revenues of 5.7 billion euros, up 1.8%
EBITDAR[1] of 229 million euros, an improvement of 62 million euros
EBITDA1 of -21 million euros, an improvement of 29 million euros
Operating result of -417 million euros, an improvement of 109 million euroslike-for-like[2]
Net negative currency impact of 81 million euros on operating result
Net debt¹ of 5.28 billion euros, down 127 million euros compared to 31 December 2014, and down to 4.68 billion euros including April 2015 hybrid bond issuance
Adjusted net debt / EBITDAR ratio[3] of 3.7x, an improvement of 0.5 compared to 31 March 2014

FULL YEAR 2015 OUTLOOK: OBJECTIVES MAINTAINED

Unit cost¹ reduction target of 1 to 1.3%
Significant reduction of net debt, from 5.4 billion euros at end 2014 down to around 4.4 billion euros at end 2015, in part as a result of the April 2015 hybrid bond issuance

[1] See definition in appendix

[2] Like-for-like: excluding currency. Same definition applies in rest of press release

[3] Trailing 12 months, adjusted for September 2014 pilot strike impact and April 2015 hybrid bond; see definition in appendix

KEY DATA

The consolidated financial statements of the Group have been revised as of 1^st January 2015 in order to improve their legibility. The changes are:

In view of its rapid development, Transavia is now presented as a separate business segment. The passenger business segment is thus renamed from “passenger” to “passenger network”.
Capitalized production costs are no longer deducted from individual cost lines in the profit and loss statement, but are instead fully allocated to the “other income and expenses” line. The impact per quarter of this restatement is provided in appendix.

First Quarter 2015 total revenues stood at 5.7 billion euros versus 5.6 billion euros in First Quarter 2014, up 1.8%, but down 2.4% like-for-like.

Currencies had a positive 239 million euro impact on revenues, primarily driven by the strengthening of the US dollar against the euro. In spite of higher profits on currency hedging, the negative impact on costs reached 320 million euros. It was larger considering the bigger share of costs than revenues in US dollars, and considering the fact that a sizeable portion of First Quarter 2015 revenues were booked in 2014 at a time when the dollar was weaker. In the First Quarter 2015, the net impact of currencies thus amounted to a negative 81 million euros.

Total operating costs were 1.2% higher year-on-year and down 3.9% on a like-for-like basis. Ex-fuel, they increased by 3.3% and by 1.5% on a like-for-like basis. Unit cost per EASK was stable, on a constant currency, fuel price and pension-related expense basis, against stable capacity measured in EASK (+0.1%).

The fuel bill amounted to 1,480 million euros, down 4.7% and like-for-like down 17.6%, on the back of a 20.3% reduction in jet fuel price after hedging and of a 15.6% negative currency impact. Based on the forward curve at 17 April, the Full Year 2015 fuel bill is expected to reach 6.6 billion euros4[1]. Based on the same forward curve, the Full Year 2016 fuel bill could amount to 6.1 billion euros4.

Total employee costs including temporary staff were up 2.1% to 1,920 million euros. They included a non-cash increase of 31 million euros in pension-related expenses at KLM due to changes in actuarial assumptions (lower discount rate). On a constant scope and pension-related expense basis, they were flat (+0.3%). In addition, the Group recorded under “non-current income and expenses” a 56 million euro provision for the Voluntary Departure Plan targeting 800 positions that was announced in February.

EBITDAR amounted to 229 million euros, an improvement of 62 million.

4 2015 average Brent price of USD63, average jet fuel price of USD608 per metric ton, average exchange rate of 1.10 USD per euro. 2016 average Brent price of USD69, average jet fuel price of USD663 per metric ton, average exchange rate of 1.10 USD per euro.

EBITDA amounted to a negative 21 million euros, an increase of 29 million euros. On a like-for-like basis, EBITDA improved by 91 million euros. The Passenger network had the largest contribution to the improvement of EBITDA, up 58 million euros, whereas cargo EBITDA decreased by 30 million euros. At 85 million euros, maintenance achieved a good performance on EBITDA level, up 9 million euros.

The operating result stood at -417 million euros versus -445 million euros in 2014, a 28 million euro improvement. Like-for-like, the operating result increased by 109 million euros.

The net result, group share stood at -559 million euros against -608 million euros a year ago. It included notably the non-current result related to the capital gain on the sale of Amadeus shares (+218 million euros), partly offset by the change in value of the fuel hedging portfolio (-26 million euros) and the unrealized foreign exchange loss (-143 million euros). On an adjusted basis, the net result, group share stood at -504 million euros against -485 million euros in First Quarter 2014, a 19 million euro decrease.

At 31 March 2015, the trailing 12 months strike-adjusted return on capital employed¹ (ROCE) was 5.6%, up 1.6 point compared to 31 March 2014.

PASSENGER NETWORK BUSINESS

First Quarter 2015 total passenger network revenues amounted to 4,421 million euros, up 1.3% and down 2.0% like-for-like. The operating result of the passenger network business stood at -322 million euros, versus -378 million euros over the First Quarter 2014. Like-for-like, the operating result improved by 132 million euros.

The Group maintained its strict capacity discipline, keeping total passenger network capacity stable (+0.1%). Unit revenue per Available Seat Kilometer (RASK) remained volatile, down by 2.3% on a like-for-like basis in the First Quarter. On the long-haul network, unit revenue was affected by the expected capacity-demand balances reflected in the unit revenue performance of the different parts of the network: good performance on North America and the Caribbean & Indian Ocean, weaker performance on the Latin American network on the back of a weak economic environment in several key markets, whereas the capacity-demand balances put pressures on both Eastern-Africa and Asia networks.

As planned, short and medium-haul point-to-point capacity (excluding the Paris and Amsterdam hubs) was further reduced by 11.8%, leading to a significant improvement in unit revenue of +9.6% like-for-like, whereas for hub-related short and medium-haul traffic, unit revenues were down -1.4% like-for-like.

CARGO BUSINESS

The Group continued to restructure its cargo activity to address the weak global trade and structural air cargo industry overcapacity. During First Quarter 2015, full-freighter capacity was reduced by 9.6%, while belly capacity increased by 1.2%, leading to a decrease in total capacity of 1.9%. Revenue per Available Ton Kilometer (ATK) was nevertheless down by 11.3% like-for-like, reflecting the structural industry overcapacity, especially on flows from Asia to Europe.

The operating result stood at -63 million euros, a decrease of 15 million euros like-for-like.

Within the framework of Perform 2020, 3 Boeing 747 were retired in the Winter 2014-15 season, while another 5 MD11s will be retired by the end of the Winter 2015-16 season. The Group plans to operate only 5 full-freighters by the end of 2016. This reduction should enable the full-freighter business to return to operating breakeven in 2017 (versus a strike-adjusted loss of around 95 million euros in 2014).

MAINTENANCE BUSINESS

First Quarter 2015 third party maintenance revenues amounted to 380 million euros, up 31.0% and by 13.8% like-for-like. Revenues benefited not only from the strong dollar, but also from the contracts gained in previous years and from weak comparables in Q1 2014. In the quarter, the Group performed its first GEnx engine overhaul.

The operating result stood at 35 million euros, up 13 million euros year-on-year, and down 2 million euros like-for-like.

Over the period, the Group recorded a further 5% increase in its order book to a record high 5.9 billion euros, including several new B787 component support contracts. The Group further expanded its service portfolio with an investment in a US engine parts trading business.

TRANSAVIA

In the First Quarter 2015, Transavia capacity was up by 5.1%, reflecting the accelerated development in France (capacity up by 48%) partly offset by seasonal capacity adjustments in the Netherlands (capacity down 7.5%). Traffic rose by 7.1%. The load factor remained high (87.9%, up 1.7 point) despite the increase in capacity. Unit revenue per ASK increased by +0.7% despite the increase in capacity, resulting in total revenues of 146 million euros, up 5.0%.

Unit costs were up 4.3% on the back of the stronger US dollar, a shorter stage length, ongoing ramp-up investments in France, and the seasonal capacity adjustments performed in the Netherlands.

The operating result was thus down by 11 million euros to reach -69 million euros.

The development of Transavia will further accelerate in 2015: on top of a 30% capacity increase to serve 44 destinations from France, Transavia is launching a new brand identity, a new web site, implementing a tighter integration with Flying Blue, and has recently ordered 20 Boeing 737s.

OTHER BUSINESS: CATERING

In the First Quarter 2015, third party catering revenues amounted to 75 million euros, up 2.7%.The operating result stood at -1 million euros, up 3 million euros.

FINANCIAL SITUATION

In the First Quarter 2015, the increase of 29 million euros in EBITDA translated into a 27 million euro improvement in cash flow before change in WCR and cash out related to Voluntary Departure Plans. The Group disbursed 30 million euros for Voluntary Departure Plans. The change in Working Capital Requirement contributed 477 million euros to operating cash flow. Net investments before sale & lease-back transactions stood at 350 million euros. As a result, operating free cash flow improved by 43 million euros.

The operating free cash flow does not include free cash flow from financial investments, including the cash-in of 327 million euros from the sale of Amadeus shares in January.

Net debt amounted to 5.28 billion euros at 31 March 2015, versus 5.41 billion euros at 31 December 2014. Currencies had a significant 175 million euro negative impact on net debt. After issuance of an hybrid bond in April, net debt would stand at 4.68 billion euros at the end of First Quarter 2015.

Excluding the impact of the pilot strike on EBITDAR and including the hybrid bond issued in April, the trailing 12 months adjusted net debt / EBITDAR ratio stood at 3.7x at 31 March 2015, down 0.3 points compared to 31 December 2014, and 0.5 points compared to 31 March 2014. In parallel, a 661 million euro convertible bond was reimbursed on 1^st April, reducing the diluted share count by more than 70 million shares to 370 million shares.

Despite strong returns on pension plan assets and the positive impact of the changes in Dutch fiscal rules on pensions, the 70 basis point fall in discount rates during First Quarter 2015 led to another significant increase in the actuarial valuation of retirement obligations. The balance sheet pension situation thus moved from a net liability of 710 million euros at 31 December 2014 to a net liability of 1,051 million euros at 31 March 2015.

At 31 March 2015, equity, group share, amounted to -1,515 million euros, down 844 million euros over the quarter due to the strong seasonality of results (net result of -559 million euros) and an increase of 257 million euros in after tax net pension liability. The change in fair value of the fuel hedging portfolio had a limited impact over the quarter. At 31 March 2015, the fair value of the fuel hedging portfolio remained however strongly negative, at around -1.3 billion euros. This level of equity does not take into account the 600 million euro hybrid bond that was issued in April.

The Group continues to enjoy a good level of liquidity, with net cash² of 3.5 billion euros at 31 March 2015, and undrawn credit lines of 1.77 billion euros. At the end of April, the Group renewed some of its credit lines for an amount of 1,100 million euros with a wide pool of international banks. In addition, in January 2015, the Group received net proceeds of 327 million euros on the sale of Amadeus shares, and it issued a 600 million euros hybrid bond in April.

OUTLOOK

All the operational initiatives planned within the framework of the new strategic plan Perform 2020 are being deployed.

In parallel, negotiations with unions on labor productivity are ongoing.

As demonstrated in the First Quarter, almost all of the expected savings on the fuel bill could be offset by unit revenue pressure and negative currency impacts.

For Full Year 2015, the Group maintains its key targets:

unit cost reduction of 1 to 1.3%
net debt around 4.4 billion euros at the end of 2015

AirFrance KLM March 2015 Traffic Results.

Wed, 08 Apr 2015 07:30:00 +0200

Traffic highlights

6.3 million passengers, down 0.4%
Unit revenue per available seat kilometer (RASK) ex-currency down compared to March 2014, reflecting the expected capacity/demand balances: good performance on North America, the Caribbean/Indian Ocean and point-to-point, unit revenues under pressure on the other networks

Transavia activity

0.6 million passengers, +9.0%
Ongoing accelerated development of Transavia in France (capacity up 48%) partly offset by seasonal charter capacity adjustments in the Netherlands

Total group passenger activity

6.9 million passengers, +0.4%

Cargo activity

Unit revenue per available ton kilometer (RATK) ex-currency down compared to March 2014

Recent Developments

On March 10^th, Air France-KLM published its 2015 Summer schedule. The Group capacity is increasing by +1.7% compared to Summer 2014 (excluding strike impact). Long-haul capacity is increasing by 1.8%, whereas medium-haul capacity is decreasing by 1.9% on the back of the restructuring of the point-to-point business. Transavia continues its planned strong growth, up 7.8%.
Air France-KLM is increasing services to Canada and launching two new routes: on March 29^th, Air France started servicing Vancouver, while KLM will start operating flights to Edmonton on May 19^th, the fifth destination of the Group in Canada. The Group is also improving its position in South America thanks to the launch of a new KLM route to Bogota and Cali (Colombia), which started on March 31^st.
On March 25^th, Air France-KLM has successfully placed an issue of perpetual bonds for an amount of 400 million euros. This issue enables the consolidation of the Group’s financial structure during the Perform 2020 implementation period. In view of this transaction, the Group has updated its net debt target for end 2015 from around 5 billion euros to around 4.6 billion euros.

Agenda

30 April 2015: Results of the First Quarter of 2015
11 May 2015: April 2015 traffic
21 May 2015: Annual General Meeting of shareholders
8 June 2015: May 2015 traffic

Renewal of Alexandre de Juniac, Air France-KLM Chairman and Chief Executive Officer, and reinforced Group governance

Fri, 20 Mar 2015 19:17:38 +0100

Amongst these resolutions, as proposed by its Appointments Committee, the Board has decided to submit a resolution to renew, for a further four-year term, the mandate of Alexandre de Juniac, Air France-KLM’s Chairman and Chief Executive Officer.

In addition, the Board has launched a process to strengthen the Air France-KLM Group’s governance to enable more interaction and consistency between Air France-KLM, Air France and KLM. To this end, Mr. Hans Smits, Chairman of the KLM Supervisory Board, will be systematically invited to attend Air France-KLM Board meetings; Mr. Pierre-Francois Riolacci, Air France-KLM’s Chief Financial Officer, will be systematically invited to attend meetings of the KLM Supervisory Board; and Mr. Alexandre de Juniac, Chairman and CEO of Air France-KLM, will be systematically invited to attend meetings of the Air France Board of Directors.

Lastly, the Board expressed its full support for Alexandre de Juniac and his ambitions for Air France-KLM, which include improving competitiveness within the framework of Perform 2020, enhancing the quality of customer service, involving all the Group’s teams in these projects, and pursuing Air France-KLM’s development as a major player in the global airline industry.

Air France KLM Summer Schedule 2015

Tue, 10 Mar 2015 17:46:53 +0100

Long-haul: Air France-KLM is increasing services to Canada and is launching two new routes: Vancouver operated by Air France from 25 March 2015 and Edmonton served by KLM from 5 May 2015. The Group is also improving its position in South America thanks to the launch of a new KLM route to Bogota and Cali (Colombia) from 31 March 2015.

Medium-haul: Air France-KLM is developing its European network on departure from the Amsterdam-Schiphol hub by adding three new destinations operated by KLM Cityhopper as from 18 May 2015: Belfast (Northern Ireland), Krakow (Poland) and Montpellier (France). At Paris-Charles de Gaulle, Air France is increasing capacity to Bordeaux (France), Naples (Italy), Billund (Denmark), Bucharest (Romania) and Budapest (Hungary).

On departure from Paris-Orly and the regional airports, the Group continues to reorganize its short-haul activity, currently regrouped within HOP! Air France's operations.

Low-cost operations: Transavia is continuing its rapid development in France (+30%) and is consolidating its activity in the Netherlands. The company is launching 14 new routes, while strengthening its offer of flights to the most popular summer destinations.

New products and services: Air France-KLM is continuing its move upmarket. At the end of the summer season, 20 Air France Boeing 777 will be equipped with the latest BEST cabins. After renovating its World Business Class cabin on all its Boeing 747-400, KLM is gradually equipping its fleet of Boeing 777 with its new World Business Class and Economy Class. From April 2015, Air France is also introducing a new leather seat on 24 Airbus A319 on departure from Paris-Charles de Gaulle. It will then equip 25 Airbus A320 in the first half of 2016.

Partnerships: As well as strengthening its joint ventures (Delta, Alitalia, China Southern, China Eastern, Kenya Airways, Air Mauritius) and its strategic agreements (GOL), Air France-KLM is continuing the development of its partnerships all over the world. To offer more and more flight frequencies and destinations, the Group is extending its cooperation with the Canadian airline WestJet. The Group also has strong ambitions In Asia, illustrated by the signing of a cooperation agreement between KLM and Xiamen Airlines and the code-share agreement with Garuda on flights between Amsterdam and Jakarta.

LONG-HAUL: +1.8%

Air France-KLM’s long-haul activity is increasing by +1.8%.

North America

For the 2015 summer season, Air France-KLM is increasing services to Canada. As of 25 March 2015, Air France is launching a new route to Vancouver, with up to 5 weekly flights from Paris-Charles de Gaulle. KLM is also introducing a new service between Amsterdam-Schiphol and Edmonton on 5 May 2015, with 3 weekly flights, then 4 weekly flights as of 22 June 2015.

Air France-KLM is developing its partnership with the Canadian airline WestJet, by offering new connecting opportunities in North America in addition to the new Paris-Vancouver and Amsterdam-Edmonton routes. Moreover, the Group is maintaining its close cooperation with Delta Air Lines as part of the trans-Atlantic joint venture.

Between May and September 2015, the seasonal service to Minneapolis-Saint Paul (USA) will be resumed from Paris-Charles de Gaulle. To meet market demand, Air France will be operating a second daily flight to San Francisco (USA) during the peak summer season (from mid-June to the end of August 2015). KLM is also further extending its second flight to Los Angeles to the full summer period, offering 12 weekly frequencies.

Central and South America and the Caribbean

As from 31 March 2015, KLM is launching a new service to Bogota and Cali (Colombia) from Amsterdam-Schiphol with 3 weekly frequencies. As a continuation of the winter season, Air France is increasing capacity to Panama City, with 5 weekly flights. Services to Brasilia (Brazil), launched in summer 2014, are maintained with 3 weekly frequencies.

In addition, Air France-KLM is maintaining its close cooperation with the Brazilian airline GOL, in order to offer numerous connecting opportunities to its customers on the Brazilian domestic network.In the Caribbean, as a continuation of the winter schedule, Air France-KLM is adjusting capacity during the peak summer season. The Company will offer up to 13 weekly flights to Pointe à Pitre and up to 11 weekly flights to Fort de France. Moreover, during the peak summer period, KLM will be operating a second non-stop flight twice a week to Curacao, in addition to the daily flight from Amsterdam-Schiphol.

Asia

Air France is continuing its daily service to Hong Kong (China) by Airbus A380 (5 weekly flights) and by Boeing 777-300 (2 weekly flights). The Company is also increasing capacity to Seoul (South Korea), serving this destination by Boeing 777-300 with 383 seats as well as to Singapore, with three additional flights operated during the peak summer period. Air France is continuing to serve Tokyo-Haneda Airport (Japan) up to 13 times a week in addition to the daily flight to Tokyo-Narita which provides connections to Noumea (New Caledonia).

The Group is also continuing to strengthen its cooperation with its Asian partners to offer an even wider choice of flights and destinations. In particular, KLM and Garuda Indonesia have set up a code-share agreement on both airlines’ flights between Amsterdam and Jakarta (Indonesia). KLM has also signed a cooperation agreement with the Chinese airline Xiamen Airlines, illustrating their commitment to strengthening accessibility between the Netherlands and China.

Africa and the Indian Ocean

As a continuation of the winter season, Air France will serve Abidjan (Ivory Coast) daily, including 3 weekly flights by Airbus A380. The Company is also increasing capacity to Dakar (Senegal), by operating the route from Paris-Charles de Gaulle by Boeing 777-300 with 383 seats.

In East Africa, KLM is continuing to specifically adjust its network to market expectations by increasing capacity to Dar es Salaam (Tanzania) and Entebbe (Uganda). Both destinations are served non-stop three times a week from Amsterdam-Schiphol, providing new connecting opportunities to Europe and North America in particular. On the other days these destinations are offered respectively as a continuation of the services to Kilimanjaro (Tanzania) and Kigali (Rwanda). KLM is also strengthening its cooperation with its partner Kenya Airways by offering new connections to Zambia, Zimbabwe, Zanzibar and the Indian Ocean, as a continuation of the service to Nairobi airport which boasts new airport facilities.

In the Indian Ocean, Air France serves Reunion Island up to 11 times per week, including 5 night flights.

Middle East

Air France’s new BEST cabins have been flying to Dubai (UAE) since 23 February 2015. In September 2015, these cabins will also be available to Beirut (Lebanon). Furthermore, the Group maintains its code-share agreements with Middle East Airlines, Saudia and Etihad.

New long-haul products and services

Air France-KLM is continuing to roll out new products and services aiming to be among the best in the world.

By the end of the 2015 summer season, the new Air France BEST cabins will equip 20 aircraft and fly to 18 long-haul destinations:

North America: Los Angeles, New York, Toronto, Washington;
South America: Sao Paulo;
Africa: Bangui, Douala, Libreville, Malabo, Yaoundé;
Middle East: Beirut, Dubai;
Asia: Beijing, Guangzhou, Jakarta, Shanghai, Singapore, Tokyo-Haneda.

On its BEST fleet (Boeing 777-200 and 777-300), Air France is adapting to customer demand during the peak summer period (from mid-July to the end of August) by adjusting in just ten hours the seating configuration of its aircraft. This 'quick change' can replace certain Business class seats with additional Economy seats. These additional seats correspond to the operation of the 3 additional Boeing 777-200 during the entire season.

Furthermore, having renovated its World Business Class cabin on all its Boeing 747-400, KLM is gradually equipping its Boeing 777-200 and then its 777-300 with its new World Business Class and Economy Class. At the end of 2016, 80% of KLM’s fleet will be equipped with fully renovated cabins.

MEDIUM-HAUL: -1.9%

For the 2015 summer season, the Group’s medium-haul capacity is continuing to readjust and is down by -1.9%.

On departure from the hubs at Paris-Charles de Gaulle and Amsterdam-Schiphol

For the 2015 summer season, KLM is expanding its European network on departure from its hub at Amsterdam-Schiphol by adding three new destinations: Belfast (Northern Ireland), Krakow (Poland) and Montpellier (France). These new services will be operated from 18 May 2015 with one daily flight. Furthermore, the number of daily KLM flights to Florence and Basel is increasing from 3 to 4.

On departure from Paris-Charles de Gaulle, Air France is adding a daily flight to Bordeaux (France), Naples (Italy), Billund (Denmark), Bucharest (Romania) and Budapest (Hungary). As of April 2015, the company will be introducing an upgraded product (greater flexibility for business trips, new gourmet attentions) as well as a new leather seat which will be progressively installed on board 24 Airbus A319s. This seat will subsequently equip 25 Airbus A320s during the first half of 2016.

On departure from Paris-Orly and the French regions

As from summer 2015, HOP! Air France is regrouping the entire short-haul network under a single commercial offer. This unified network includes all short-haul routes from Paris-Orly and the French regions. These routes are operated by Air France Airbus or HOP! regional aircraft.

HOP! Air France is continuing to restructure its network during summer 2015 -

On departure from Paris-Orly, HOP! Air France is rationalizing its offer to Toulouse, Strasbourg and Mulhouse by decreasing the number of frequencies while increasing the capacity of its aircraft.

On departure from the French regions, as a continuation of the adjustments initiated in the winter, HOP! Air France is suspending its international flights. However, to meet customer demand, certain destinations will still be operated during the summer holiday period, notably routes to Beirut and North Africa on departure from Marseille; Spain, Italy and Greece on departure from Toulouse; Tel Aviv and Athens on departure from Nice.

TRANSAVIA: +7.8%

As a continuation of the winter season, Transavia is continuing its rapid development in France (+30%) and is consolidating its operations in the Netherlands (-0.8%).

With the ambition to be the leading low-cost airline in terms of destinations from Paris-Orly in 2015, Transavia France is launching 10 new routes this summer:

- On departure from Paris-Orly: Valencia, Dublin, Munich, Thessaloniki, Tirana, Warsaw, Casablanca, Fez and Amsterdam.

- On departure from Nantes: Madrid.

Furthermore, the company is increasing frequencies on many routes including Barcelona, Madrid, Oporto and Lisbon.

In the same way, Transavia Netherlands is concentrating its activity on the hub at Amsterdam-Schiphol, where it will offer new frequencies to Tel Aviv, Larnaca, Malta and Paris-Orly. The Company is also increasing its offer of flights to Alicante, Barcelona, Malaga, Pisa, Naples and Thessaloniki.

Transavia Netherlands will also operate a new route from Rotterdam-The Hague to Berlin. On departure from Eindhoven, the service launched to Athens in February 2015 will continue this summer.

To accompany this rapid growth, Transavia has ordered 20 Boeing B737-800, with 17 firm orders and another three options. These aircraft will support the rapid growth of Transavia France and the development of Transavia Netherlands. The delivery of these aircraft will begin in January 2016 and will continue until 2018.

Air France Pilots’ Strike

Mon, 15 Sep 2014 16:18:15 +0200

This is the result of a dispute between Air France and the French pilots’ union about terms relating to Transavia. French pilots who are transferring to Transavia demand the same terms of employment as pilots at Air France. The strike is – as communicated - expected to last from Monday, 15 September to Monday, 22 September.

The Air France pilots’ strike will not affect the KLM operation. A rebooking policy is in effect. Customers who are affected by the strike will be rebooked free of charge.

AIRFRANCE KLM Financial Year 2014: First Half results

Fri, 25 Jul 2014 07:12:00 +0200

FIRST HALF

Revenues of 12.01 billion euros, up 1.0% like-for-like
Net result, group share of -614 million euros, improvement of 185 million euros
Adjusted net result, group share1 of -342 million euros, improvement of 344 million euros
Net debt of 5.4 billion euros; net debt/EBITDA ratio of 2.6, a 0.3 point improvement compared to 31 December 2013

FULL YEAR 2014 OUTLOOK

Tough operating environment
EBITDA expected between 2.2 to 2.3 billion euros
On track to reach net debt target of 4.5 billion euros next year

KEY DATA

In the Second Quarter of 2014, total revenues amounted to 6,451 million euros versus 6,541 million euros in 2013, down 1.4%, but up +1.7% on a constant currency and scope basis (like-for-like). Currencies had a negative 168 million euro impact on revenues.

Operating costs were reduced by 3.8% and by 1.5% on a constant currency basis. Ex-fuel, they decreased by 3.4% and by 2.6% on a constant currency basis. Unit cost per EASK¹ (Equivalent Available Seat Kilometer) was reduced by 4.0%, and by 1.7% on a constant currency, fuel price and pension expense basis, against capacity measured in EASK up by 0.9%. The fuel bill amounted to 1,636 million euros, down 5.6%, but stable (+0.2%) on a constant currency basis. Total employee costs including temporary staff were down 3.4% to 1,934 million euros, and by 3.2% on a constant currency basis. At constant pension expense and scope, they declined by 47 million euros.

EBITDA amounted to 641 million euros, an improvement of 131 million euros. The EBITDA margin stood at 9.9%, a 2.1 point improvement on 2013. The operating result stood at 238 million euros versus 84 million euros in 2013, an 154 million euro improvement. Currencies had a 20 million euro net negative impact on the Second Quarter operating result.

The net result, group share stood at -6 million euros against -158 million euros a year ago. It was impacted by an 106 million euro impairment charge relating to assets of the Cargo business[1]. On an adjusted basis², the net result, group share stood at 143 million euros against -34 million euros in Second Quarter 2013, a 177 million euro improvement.

In the First Half 2014, total revenues stood at 12,005 million euros versus 12,222 million euros in 2013, down 1.8%, but up +1.0% on a like-for-like basis. Currencies had a negative 287 million euro impact on revenues.

Operating costs were reduced by 3.6% and by 1.7% on a constant currency basis. Ex-fuel, they decreased by 2.9%, and by 2.0% on a constant currency basis. The fuel bill amounted to 3,189 million euros, down 5.9%, and 1.5% on a constant currency basis. Total employee costs including temporary staff were down 3.6% to 3,780 million euros, and by 3.4% on a constant currency basis. At constant pension expense and scope, they declined by 106 million euros.

EBITDA improved by 197 million euros to 591 million euros, resulting in an EBITDA margin of 4.9%, a 1.7 point increase on 2013. The operating result stood at -207 million euros versus -448 million euros in 2013, an 241 million euro improvement. Currencies had a 45 million euro net negative impact on the operating result in the First Half.

The net result, group share stood at -614 million euros against -799 million euros a year ago. It was impacted by the adjustment in the value of the cash held by the Group in Venezuela recorded in the First Quarter and the impairment charge in the Cargo business in the Second Quarter. On an adjusted basis[2], the net result, group share stood at -342 million euros against -686 million in the First Half 2013, a 344 million euro improvement.

Earnings and diluted earnings per share both stood at -2.07 euros (-2.70 euros in 2013), and at -1.16 euros on an adjusted basis (-2.32 euros in 2013).

[1] See details in “Cargo business” section below

[2] See definition in appendix

PASSENGER BUSINESS

In the Second Quarter 2014, passenger revenues amounted to 5,112 million euros, down 0.2%, but up 2.4% like-for-like. The operating result of the passenger business stood at 255 million euros, versus 96 million euros in Q2 2013, an improvement of 159 million euros (178 million euros on a constant currency basis).

The Group maintained its strict capacity discipline, increasing total passenger capacity by only 1.0%. Passenger traffic rose by 2.8%, leading to a 1.5 point improvement in load factor to 84.8%. Unit revenue per Available Seat Kilometer (RASK) fell by 1.1% but increased by 1.3% on a constant currency basis. Thanks to Transform 2015, and in spite of the low capacity growth, the passenger activity delivered a strong cost performance, with Cost per Available Seat Kilometer (CASK) down by 2.3% like-for-like.

Long-haul traffic rose 3.1% for a 1.5% rise in capacity, leading to a 1.4 point increase in load factor to 86.0%. Long-haul RASK was up 1.6% like-for-like.

As planned within the framework of Transform 2015, point-to-point (not linked to the Paris and Amsterdam hubs) short and medium-haul capacity was significantly adjusted (down 7.1%), leading short and medium-haul capacity to fall by 0.7%. Traffic rose by 1.6%, resulting in a 1.8 point improvement in load factor to 80.4%. Short and medium-haul RASK improved by 1.7% like-for-like.

All regions improved their profitability with the exception of Latin America, impacted by the situation in Venezuela.

In the First Half 2014, passenger revenues amounted to 9,477 million euros, down 1.0%, but up 1.4% like-for-like. The operating result of the passenger business stood at -123 million euros, versus -351 million euros in the First Half 2013, an improvement of 228 million euros (268 million euros like-for-like).

Total passenger traffic rose by 2.5% while capacity rose by 1.2% leading to a 1.0 point improvement in load factor to 83.8%. Unit revenue per Available Seat Kilometer (RASK) fell by 1.8% but increased by 0.5% like-for-like. Unit costs (CASK) were reduced by 4.2% and by 2.4% like-for-like.

CARGO BUSINESS

Second Quarter 2014 cargo revenues amounted to 669 million euros, down 5.1% and by 1.9% on a constant currency basis. Faced with a slower than expected recovery, the group continued to reduce full-freighter capacity (down 8.6%). In consequence, total capacity decreased by 2.0%. Traffic decreased by 1.6%, leading to a 0.3 point increase in load factor to 63.2%. Unit revenue per Available Ton Kilometer (RATK) increased by 1.1% on a constant currency basis (-2.1% on a reported basis).

The operating result improved slightly to -45 million euro, up 5 million euros.

The recovery in demand being slower than expected, the group has initiated a strategic review of its full-freighter business, with different scenarios under consideration. Having already decided in October 2013 to reduce its full-freighter fleet to 2 aircraft in Paris and 8 aircraft in Amsterdam by 2015, the group is now looking to further reduce its Amsterdam-based full-freighter exposure either through a partnership with a third party or through internal restructuring. In consequence, the group has recorded an impairment of 106 million euros in its Second Quarter 2014 accounts.

First Half 2014 cargo revenues amounted to 1,344 million euros, down 4.3% and by 1.6% on a constant currency basis. Traffic was stable for a -1.5% decline in capacity, leading to a 1.0 point increase in load factor to 64.0%. Unit revenue per Available Ton Kilometer (RATK) was stable on a constant currency basis (down 2.7% on a reported basis).

On a constant currency basis, cargo unit cost was down 1.7% in the First Half (down 3.9% on a reported basis). The operating result improved by 21 million euros to -79 million euros.

MAINTENANCE

Second Quarter 2014 third party maintenance revenues amounted to 286 million euros, down 10.3% and by 7.2% on a constant currency basis. Q2 2013 revenues had been boosted by high volumes from the engine contract with General Electric. The operating result stood at 30 million euros, down 7 million euros year-on-year.

First Half 2014 third party maintenance revenues amounted to 576 million euros, down 7.2% and by 3.4% on a constant currency basis. The operating result decreased by 5 million euros to 52 million euros. At constant currency, the operating result improved by 4 million euros in the First Half. The operating margin was stable (-0.3 point) at 3.2%.

In the First Half 2014, the group recorded a 16% increase in its order book to 5.1 billion euros, including a major contract with Air China covering the maintenance of GE90 engines. In addition, the group acquired Barfield, a US component support business.

OTHER BUSINESS: TRANSAVIA

In the Second Quarter of 2014, Transavia capacity was up 4.8%, reflecting the accelerated development of Transavia France (up 10%) and the repositioning of Transavia Netherlands (up 3% including a 6% reduction in charter capacity). Traffic rose 6.0%, leading to a record high load factor of 90.7% (up 0.9 point). Unit revenue was down 1.7%. Transavia’s total revenue stood at 296 million euros, up 5.0%. The operating result was -6 million euros, down 3 million euros year-on-year.

In the First Half of 2014, Transavia traffic increased by 6.9% for capacity up 5.8%, leading to a 0.9 point increase in load factor to 89.2%. Unit revenue was down 2.6%. Total revenue stood at 435 million euros, up 4.5%, while the unit cost per ASK decreased by 0.8%, but increased by 0.5% on a constant currency basis. The operating result decreased by 10 million euros to -64 million euros, mainly due to the ramp up of Transavia France.

OTHER BUSINESS: CATERING

Second Quarter 2014 third party catering revenues amounted to 77 million euros, down 25.2%. At constant scope (excluding the impact of the sale of Air Chef that occurred in Q2 2013), third party revenues increased by 6.9%, reflecting new contracts and international development, while the operating result improved by 3 million euros.

First Half 2014 third party catering revenues amounted to 150 million euros, up 8.7% at constant scope. The operating result increased by 5 million euros at constant scope.

FINANCIAL SITUATION

In the First Half of 2014, the further improvement in EBITDA translated into an 232 million euro increase in cash flow before change in WCR and the cash out related to Voluntary Departure Plans.

The group disbursed 144 million euros for Voluntary Departure Plans representing 90% of the cash out expected in the Financial Year. Net investments before sale & lease-back transactions stood at 808 million euros.

Operating free cash flow amounted to 95 million euros, versus 566 million euros a year earlier. In the First Half 2013, operating free cash flow had benefited from the full effects of the reduction in investments and the structural improvements in WCR within the framework of Transform 2015.

Net debt amounted to 5.41 billion euros at 30^st June 2014, versus 5.35 billion euros at 31^st December 2013. At 2.6x, the net debt / EBITDA ratio continued to fall.

OUTLOOK

Delivery on the Transform 2015 plan is fully on track. However, as indicated at the beginning of the month, the operating environment remains tough, with industry overcapacity on certain long-haul routes, notably North America and Asia, impacting yields. This trend comes on top of the persistently weak cargo demand and the challenging situation in Venezuela already identified in the First Quarter.

Under these conditions, as indicated at the beginning of the month, 2014 EBITDA is expected to be between 2.2 and 2.3 billion euros. Strong capital discipline will enable the group to remain on track in terms of debt reduction and achieve its objective of 4.5 billion euros in net debt in 2015.

Air France-KLM and GOL sign a long-term strategic partnership.

Thu, 20 Feb 2014 16:00:00 +0100

As per the 19th of February 2014, Air France-KLM and GOL Linhas Aéreas Inteligentes signed an exclusive long term strategic partnership for commercial cooperation between Brazil and Europe. It includes expanded codesharing, enhanced joint sales activities, more benefits for customers based on our both frequent flyer programs in Brazilian and European markets. Cooperation in the field of aircraft maintenance is also included in the partnership. This partnership follows the successful strategic cooperation between GOL and Delta Airlines, the main partner of Air France-KLM, implemented since 2011. As part of this agreement, Air France-KLM will invest $100 million in GOL. This investment will include a subscription of GOL shares for $52 million, representing 1.5% equity stake. The transaction shall be subject to applicable antitrust approval.

Camiel Eurlings, President & CEO of KLM, will be member of the Alliance Committee of the Board of directors of GOL.

Since 2009, Air France-KLM and GOL have been committed to a code-sharing agreement that enables Air France and KLM to offer their customers an additional 28 destinations* in Brazil, beyond Rio de Janeiro and Sao Paulo, by placing their codes on flights operated by GOL.

The new agreement signed today is in line with Air France-KLM’s strategy of strengthening its leading position in Brazil and Latin-America. As of summer 2014, Air France and KLM will increase their offer by operating 41 weekly flights from their hubs at Paris-Charles de Gaulle and Amsterdam Schiphol. Next to Sao Paulo & Rio de Janeiro, Air France will operate as of March 31, 2014, a new route to Brasilia with three weekly flights. Air France intends to operate a regular service between Paris-Charles de Gaulle and Sao Paulo by Airbus A380 as soon as the airport receives the authorization from the authorities. All these flights will connect to the GOL network with over 50 destinations.

This exclusive strategic partnership will provide for greater coordination between the networks to increase the number of connecting opportunities between Europe and Brazil. The codesharing between Air France-KLM and GOL flights will be extended to flights operated by Air France and KLM between Europe and Brazil as well as flights operated by GOL in Brazil.

The long-term agreement also provides for enhanced cooperation in the field of aircraft maintenance, including on engines and APU, aircraft components and for overhauls.

(*) GOL, since its inception in 2001, has become a major player in South America, with around 40% of the Brazilian domestic market. GOL operates a fleet of 141 Boeing 737NG aircraft supporting an extensive domestic network with 51 destinations in Brazil and services to ten countries across Central and South America. GOL detains a leading position in the main Brazilian airports.

AIRFRANCE KLM FULL Year 2013 Results.

Thu, 20 Feb 2014 07:12:00 +0100

The Board of Directors of Air France-KLM, chaired by Alexandre de Juniac, met on 19^th February 2014 to approve the accounts for full year 2013.

Full Year and Fourth Quarter 2013 Results

Currencies had a marked negative impact of 100 million euros on the Group’s Full Year operating result, particularly in the second half of the year (86 million euros).

Full Year 2013 total revenues stood at 25,520 million euros versus 25,423 million euros in 2012, up 0.4%, and by 2.3% on a constant currency basis.

Operating costs declined by 1.4% and were flat on a constant currency basis. Ex-fuel, they rose fractionally by 0.1%, and by 0.8% on a constant currency basis. Unit cost per EASK² (Equivalent Available Seat Kilometer) was reduced by 3.8%, and by 2% on a constant currency, fuel price and pension expense basis, against capacity in EASK up by 1.6%. The fuel bill amounted to 6,897 million euros, a decline of 5.2% reflecting a currency effect of -3.1%, a 1.8% decline in fuel price after hedging, and a 0.4% reduction in volumes. Employee costs were down 2.4% to 7,482 million euros, and by 2.2% on a constant currency basis. At constant pension expense and scope, and including temps, employee costs fell 218 million euros, in line with the target of a 200 million euro reduction over the full year.

EBITDA amounted to 1,855 million euros, up by 33%, implying an improvement of 461 million euros. The EBITDA margin stood at 7.3%, a 1.8 point improvement on 2012. The operating result for the full year was back in positive territory at 130 million euros versus -336 million euros in 2012, a 466 million euro improvement.

The net result, group share reflected a tax asset impairment of 937 million euros as well as the impact of discontinued operations (CityJet, whose disposal is underway) to the tune of -122 million euros over the full year, to stand at -1,827 million euros against -1,225 million euros a year ago.

The impairment of deferred tax assets relates to tax losses from previous fiscal years which were recognised in the balance sheet. It results from taking into account activity forecasts as they were communicated to the market in October 2013 as well as a reduced visibility on the conditions for applying prior year tax losses. Under current French tax law, deferred tax assets no longer recognised in the balance sheet nevertheless remain available, and the group maintains the right to apply them to future profits. This impairment will not involve any cash out, current or future, and has no impact on the group’s liquidity nor its solvency.

On an adjusted basis², the net result stood at -349 million euros against -696 million in 2012, a 347 million euro improvement.

Earnings and diluted earnings per share stood at -6.17 euros (-4.14 euros in 2012), and at -1.18 euros on an adjusted basis (-2.35 euros in 2012). The Board of Directors decided not to pay a dividend.

In the Fourth Quarter 2013, total revenues for the group stood at 6,123 million euros versus 6,258 million euros a year earlier, down 2.2%, but up 0.7% on a constant currency basis.

Operating costs declined by 3.5% and by 1.3% on a constant currency basis. Ex-fuel, they declined by 2.1% and by 0.9% on a constant currency basis. Unit cost per EASK (Equivalent Available Seat Kilometer) was reduced by 5.2%, and by 1.9% on a constant currency, fuel price and pension expense basis, against capacity in EASK up by 1.9%. The fuel bill amounted to 1,653 million euros, a decline of 7% reflecting a currency effect of -4.8%, a 3.3% decline in fuel price after hedging, and a 0.7% increase in volumes. Employee costs clearly reflected the impact of restructuring, declining by 5.7% to 1,790 million euros, and by 5.5% on a constant currency basis.

EBITDA gained 36% or 100 million euros to 381 million euros, implying a margin of 6.2%, up 1.7 points. The operating result amounted to -65 million euros compared with -152 million euros a year earlier, an improvement of 87 million euros. Elsewhere the group booked a provision of 82 million euros in non-recurring costs for the impairment of two full-freighter aircraft.

The net result, group share stood at -1,177 million euros versus -244 million euros a year earlier, including the impairment expense mentioned above and an impact of -80 million euros relating to discontinued operations (CityJet). Adjusted for these and other one-off items², the net result, group share was -112 million euros compared with -126 million euros in Q4 2012.

Earnings and diluted earnings per share stood at -3.98 euros (-0.83 euros in Q4 2012), and at -0.38 euros on an adjusted basis (-0.43 euros in Q4 2012).

Passenger business

For Full Year 2013, passenger revenues amounted to 20,112 million euros, up 0.7%, but up by 2.6% on a constant currency basis. The operating result of the passenger business stood at 174 million euros versus -260 million euros in 2012, an improvement of 434 million euros.

Total passenger traffic for the full year rose by 2.4% while capacity rose by 1.6%, leading to a 0.6 point improvement in load factor to 83.8%. Unit revenue per Available Seat Kilometer (RASK) declined by 1.0%, but rose 0.8% on a constant currency basis. Unit costs (CASK) were reduced by 3.3% and by 1.8% at constant currencies.

Long-haul represented 81% of the Group’s traffic and 79% of capacity. Long-haul traffic rose 2.5% for a 2.4% rise in capacity. The load factor was stable (+0.1 point) at 85.7%. Long-haul RASK rose by 0.6% on a constant currency basis, driven by economy RASK up 1.2%, while premium RASK was down 0.6%.

Medium-haul traffic rose by 1.7% while capacity was reduced by 1.2%, a clear indication of the positive effects of Transform 2015, leading to a 2.2 point improvement in load factor to 76.8%. Medium-haul RASK improved by 2.4% on a constant currency basis.

Fourth Quarter 2013 passenger revenues amounted to 4,845 million euros, down 0.9%, but up by 2.0% on a constant currency basis. The operating result of the passenger business stood at -61 million euros, versus -143 million euros in Q4 2012, an improvement of 82 million euros.

Total passenger traffic in the fourth quarter rose by 2.5% while capacity rose by 1.8% leading to a 0.5 point improvement in load factor to 82.5%. Unit revenue per Available Seat Kilometer (RASK) fell by 2.9%, but was almost stable (-0.1%) on a constant currency basis. Unit costs (CASK) were reduced by 4.5% and by 2.2% on a constant currency basis.

Long-haul traffic rose 2.5% for a 3.0% rise in capacity, leading to a 0.4 point decline in load factor to 84.2%. Long-haul RASK was down -0.8% on a constant currency basis, partly reflecting an unfavourable year-on-year comparison base.

Medium-haul traffic rose by 2.4% while capacity was reduced by 2.5% leading to a 3.5 point improvement in load factor to 76.0%. Medium-haul RASK improved by 3.4% on a constant currency basis.

Cargo Business

The cargo industry continued to experience weak global trade and industry overcapacity. In this context, Full Year 2013 revenues stood at 2,816 million euros, down 7.9% and by 5.7% on a constant currency basis. The operating result improved by 28 million euros, but remained negative at -202 million euros.

The group reinforced its restructuring measures, with an 11.5% reduction in full freighter capacity versus 6% planned at the beginning of the year. In total though, capacity was reduced by only 2.7% due to a slight increase in belly space. Traffic declined more strongly, by 4.6% leading to a 1.3 point drop in load factor to 63.2%. Unit revenue per Available Ton Kilometer (RATK) declined by 6.3% and by 4.2% on a constant currency basis. Against this, unit cost (CATK) was reduced by 6.6% and by 4.9% on a constant currency basis but was insufficient to meaningfully reduce losses. Additional turnaround measures were announced in October 2013 which are in the process of being implemented.

Fourth Quarter 2013 cargo revenues amounted to 723 million euros, down 8.6% and by 5.4% on a constant currency basis. The operating result improved slightly from -27 million euros in Q4 2012 to-18 million euros. Traffic declined by 2.1% for a 0.9% decline in capacity, leading to a 0.9 point reduction in load factor to 66.3%). Unit revenue per Available Ton Kilometer (RATK) declined by 8.9% and by 5.8% on a constant currency basis. Unit cost per ATK was reduced by 9.8% and by 7.4% on a constant currency basis.

Maintenance

In Full Year 2013, maintenance realized third party revenues of 1,225 million euros, up 11.8% and by 15.1% at constant currencies, benefiting from a strong order book. The operating result stood at 159 million euros, up 19 million euros year-on-year, helped by the development of higher margin activities and Transform 2015 efficiency gains. The operating margin stood at 4.8% versus 4.5% a year earlier.

Fourth Quarter 2013 third party maintenance revenues were 298 million euros (316 million euros in Q4 2012), with an operating result of 48 million euros, up 12 million euros year-over-year.

Other business: Transavia

For the Full Year 2013, as planned in the framework of Transform 2015, Transavia capacity was significantly increased, up by 11.6%, of which 25.5% in France. Traffic was up by 13.5%, leading to a 1.5 point rise in load factor to 90.1%. In spite of this high growth, unit revenue was virtually stable at –0.2%. Transavia’s revenues stood at 984 million euros, up 10.7%. The operating result was -23 million euros (versus breakeven in 2012), impacted by the political unrest in some Mediterranean destinations and by the launch costs of certain routes.

In the Fourth Quarter 2013, traffic rose 12.9% for capacity up 11.0%, leading to a 1.5 point increase in load factor to 87.3%. Unit revenue was down 2.7%. Transavia’s revenue stood at 171 million euros, up 8.9%. The operating result was -35 million euros, down 11 million euros year-over-year.

Other business: Catering

In Full Year 2013, catering revenues stood at 915 million euros, of which 341 million euros with third parties, versus 355 million euros in 2012, down 3.9%, reflecting the deconsolidation of AirChef. At constant scope, third party revenues rose by 6.9%. The operating result improved from 7 million euros to 24 million euros thanks to the measures implemented within the framework of Transform 2015.

For Q4 2013, third party revenues amounted to 75 million euros, down 19% (93 million euros a year earlier). At constant scope, they were up 13.6%. The operating result was 5 million euros versus 2 million euros a year earlier.

Financial situation

The improvement in EBITDA translated into a 458 million increase in cash flow before change in WCR and Voluntary Departure Plan cash-out.

Net investments before sales & lease-back were down 466 million euros to 1,064 million euros, reflecting a strict control of investments and low capacity growth. Net investments after sale & lease-back transactions slightly increased to 941 million euros. In combination with a good performance on working capital requirement, it resulted in an operating free cash flow amounting to 538 million euros, versus -47 million euros in 2012, leading to a significant reduction in net debt from 5.97 billion euros at 31^st December 2012 to 5.35 billion euros at 31^st December 2013. The financial cover ratios therefore improved considerably, with EBITDA / net interest costs up from 4.0x a year ago to 4.6x. Net debt / EBITDA was reduced from 4.3x to 2.9x.

At 31^st December 2013, shareholders’ funds amounted to 2.29 billion euros, down 1.35 billion euros year-over-year.

The group continues to enjoy a good level of liquidity, with cash of 4.2 billion euros at December 31^st 2013, and undrawn credit lines of 1.8 billion euros. This compares with short term debt of 1.9 billion euros. The shareholding in Amadeus is valued in the region of 900 million euros.

Outlook

The operating environment at the beginning of 2014 remains uncertain in many respects, notably the timing and strength of the economic recovery in the different regions in which we operate, volatile currencies and fuel prices, and industry capacity. Against this backdrop, the initial measures of Transform 2015 are now fully delivering, while the additional measures will start to take effect as of H2 this year. Under these conditions, we continue to target EBITDA in the region of 2.5 billion euros, subject to there being no reversal in current operating trends. We aim to continue to reduce net debt, in line with our objective of 4.5 billion euros during 2015.

AIRFRANCE KLM Third Quarter financial results 2013

Thu, 31 Oct 2013 07:15:00 +0100

The Board of Directors of Air France-KLM, chaired by Alexandre de Juniac, met on 30th October 2013 to examine the accounts for Third Quarter 2013.

The results presentation is available on www.airfranceklm-finance.com on 31^st October 2013 from 7.15h CET
For the complete review, please find on the righthand side on this page the PDF document.

The Air France-KLM Group, Etihad Airways and airberlin announce new partnerships

Mon, 08 Oct 2012 07:59:00 +0200

On the routes between Europe and Abu Dhabi, Etihad Airways customers will be able to fly on the Amsterdam-Abu Dhabi, 5 times per week, flights will be operated by KLM.

Air France customers will be able to travel everyday between Paris-Charles de Gaulle and Abu Dhabi on Etihad Airways operated flights.

New connections through the global gateways of Paris-CDG, Amsterdam-Schiphol and Abu Dhabi

Beyond their gateways, this code-share agreement offers five destinations each to Air France and KLM passengers on the Asian and Australian market and ten European destinations to Etihad passengers on Air France and KLM.

Air France passengers will be able to connect through Abu Dhabi for flights to Colombo (Sri Lanka), Dhaka (Bangladesh), Katmandu* (Nepal), Mahe (Seychelles), and Male (Maldives).
KLM passengers will be able to connect through Abu Dhabi for flights to Colombo (Sri Lanka), Islamabad (Pakistan), Lahore (Pakistan), Melbourne (Australia), and Sydney (Australia).
Etihad Airways passengers will be able to connect through Paris-CDG airport for flights to Bordeaux, Copenhagen, Madrid, Nice and Toulouse under an Air France operated flight, and through Amsterdam-Schiphol to Billund, Cardiff, Newcastle, Oslo, and Stavanger under a KLM operated flight.

* subject to governmental approval

New opportunities in Europe for airberlin, Air France and KLM customers

Air France and airberlin announce a mutual codeshare agreement, allowing customers of either carrier to fly on all the routes operated by the other between France and Germany. Passengers will also be able to connect to some selected destinations via Paris for airberlin, and via Berlin or Düsseldorf for
Air France.

Air France passengers will be able to connect through Berlin-Tegel airport to Krakow (Poland), Gdansk (Poland), Graz (Austria) and from Düsseldorf to Dresden (Germany) on services operated by airberlin.
airberlin passengers will be able to transfer through Paris-CDG and Paris-Orly to Bordeaux, Lyon, Marseilles, Montpellier, Nantes, Nice, and Toulouse on services operated by Air France.

Additionally, KLM and airberlin will cooperate on routes between the Netherlands and Germany:

KLM will codeshare with airberlin on three destinations beyond Berlin: Krakow (Poland), Gdansk (Poland) and Kaliningrad (Russia).
airberlin will codeshare on Berlin-Amsterdam routes as well as on Edinburgh (UK), Glasgow (UK) and Manchester (UK) beyond Amsterdam.

Sustainable development: Air France-KLM world air transport leader in 2012

Mon, 17 Sep 2012 16:47:00 +0200

The Dow Jones Sustainability Index (DJSI), the main international index evaluating companies on their performance in terms of sustainable development, has once again ranked Air France-KLM air transport leader for the year 2012, for the 8th year running.

Thanks to its performance, the group is also leader of the broader "Transport and leisure" sector for the fourth year running. This distinction ranks the 19 most responsible companies in the world, each in their own sector of activity.

Air France-KLM has been committed for many years to reducing its environmental impact, developing a responsible social policy and contributing to the development of territories where its aircraft take off and land every day. In 2011, the group operated the first commercial flights using sustainable biofuel, developed eco-design and the recycling of products served on board and supported numerous humanitarian programmes.

The DJSI is a benchmark in extra-financial ratings. It selects each year the 19 leading companies from among 2,500 international companies, following an analysis process by the Swiss group SAM (Sustainable Asset Management Indexes GmbH).

The Air France-KLM group has been part of the DJSI since 2005 and is also integrated in the non-financial indexes ASPI, Ethibel Sustainabilty Index (ESI) and FTSE4Good.

AIR FRANCE KLM June 2012 Traffic results

Fri, 06 Jul 2012 15:33:00 +0200

In order to facilitate year on year comparison passenger data has been restated to include the passenger business of Martinair.

Passenger business
The passenger business recorded a rise in traffic of 4.6% for capacity up 1.9%, leading to a 2.2 point rise in load factor to 84.2%. The number of passengers stood at 6.90 million (+2.5%). Unit revenue per available seat kilometer progressed relative to June 2011.

On the Americas network, traffic and capacity were up respectively by 5.6% and 1.7%. The load factor improved by 3.4 points to 90.3%.
The Asia network still benefiting from the favourable comparison base (Japanese tsunami of March 2011), was extremely dynamic in June with a rise in traffic of 10.3% for capacity up 7.1%. The load factor stood at 87.1% (+2.6 points).
The Africa and Middle East network recorded a rise in traffic of 2.6% while capacity was down 2.0%. The load factor gained 3.6 points to 80.8%.
On the Caribbean and Indian Ocean network, traffic and capacity declined respectively by 9.2% and 11.5%. The load factor rose 1.9 points to 76.3%.
European network traffic rose 3.8% for capacity up 5.6% due to the effect of the Provincial Bases. The load factor fell 1.3 points to 77.0%.

Cargo business
The decline in cargo traffic in June 2012 was more limited than in previous months. Capacity was reduced by 1.4% while traffic declined by 2.8%. The load factor stood at 63.9% (-0.9 points). Unit revenue per available tonne kilometre was down compared with 2011.

Recent developments

Air France inaugurated on 28 June a new boarding satellite, S4, at Paris-Charles de Gaulle. Conceived by Aéroports de Paris, S4 has capacity for 7.8 million passengers per annum, and reinforces the Air France hub, the competitiveness of Paris-Charles de Gaulle airport on long-haul traffic and the quality of service offered to passengers. At the heart of S4, Air France welcomes Business class passengers in a new, 3,000 m² lounge, the largest in its network.
On 19th June KLM undertook its first biofuel-powered transatlantic flight, between Amsterdam and Rio, with a Boeing 777-200.
Air France and KLM launched, in partnership with Panasonic Avionics, a joint connectivity project on board their long-haul flights, with trials to commence at the beginning of 2013.
Middle East Airlines – Air Liban (MEA) joined SkyTeam, becoming its 17th member. MEA serves 30 international destinations in Africa, the Middle East and Europe and is the second SkyTeam in the Middle East, offering customers in the region access to a vast global network.

Agenda

July 30th 2012 : First Half 2012 Results
August 7th 2012 : July 2012 Traffic

STATISTICS (pdf, 48 kb)

AIR FRANCE KLM May 2012 Traffic results

Thu, 07 Jun 2012 01:00:00 +0200

Passenger business
Passenger traffic was stable (-0.2%) for capacity down 1.4%. The load factor improved by one point to 80.8%. The number of passengers stood at 6.55 million (-0.8%).
In France, May saw four additional public holidays compared to last year, which weighed on the leisure/business mix. As a result, unit revenue per available seat kilometer (RASK) ex-currency was stable compared with May 2011.

On the Americas network, traffic and capacity declined by 1.8% and 2.6% respectively. The load factor stood at 86.7% (+0.7 points).
The Asia network, which was affected in 2011 by the impact of the Japanese tsunami, saw a 4.3% increase in traffic for capacity up by 3.4%. The load factor improved by 0.7 points to 81.9%.
The Africa and Middle East network recorded a 1.8% drop in traffic, considerably lower than the reduction in capacity of 6.8%. The load factor gained 3.9 points to 75.2%.
On the Caribbean and Indian Ocean network, traffic was down by 8.0% for capacity down by 11.1%. As a result, the load factor gained 2.7 points to 80.9%.
The European network saw a rise in traffic of 2.6% for capacity up by 3.2%. The load factor declined slightly to 74.2% (-0.4 points).

Cargo business
The cargo business recorded an 8.8% drop in traffic for capacity reduced by 3.9%. The load factor declined by 3.4 points to 64.3%. Unit revenue per available ton kilometer (RATK) ex-currency decreased relative to May 2011.

Recent developments

The group is pursuing its expansion in Africa: On 15th May, KLM launched three weekly flights to Lusaka (Zambia) operated by an Airbus A330, and Air France launched on 4th June a daily flight to Abuja (Nigeria), also operated by an Airbus A330.
Saudia joined SkyTeam, taking the number of members to 16. Saudia is the first SkyTeam member based in the Middle East, and represents a solid base for the alliance in this region.
Air France launched a daily flight to Los Angeles, operated by an Airbus A380, the third US destination to be served by this aircraft after New York and Washington. Air France flies to Los Angeles from Paris-Charles de Gaulle with two daily flights by Airbus A380 and Boeing B777.

AIR FRANCE KLM March 2012 Traffic results

Tue, 10 Apr 2012 01:00:00 +0200

In order to facilitate year on year comparisons passenger data has been restated to include the passenger business of Martinair.

Activity in March benefited from a favourable comparison basis due to the Japanese tsunami and the political crisis in Ivory Coast last year.

Passenger business
Passenger activity in March 2012 recorded a 6.8% rise in traffic for capacity up by 1.8%. The load factor improved by 3.8 points to 82.5%. The number of passengers rose 6.3% to 6.37 millions. Unit revenue per available seat kilometer (RASK) ex-currency improved in a context of a sharp rise in the fuel price.

On the Americas network, traffic was up 9.7% and capacity by 2.5%, leading to a 5.8 point gain in load factor to the high level of 88.2%.
Asia network comparatives benefited from the impact on last year’s data of the Japanese tsunami, and recorded a 6.0% rise in traffic for capacity up by 1.8%. The load factor improved by 3.4 points to 86.7%.
The Africa and Middle East network saw a 9.3% rise in traffic for capacity up by 2.8%. The load factor gained 4.7 points to 78.9%.
On the Caribbean and Indian Ocean network, traffic and capacity declined by 1.7% and 2.3% respectively. The load factor improved slightly, by 0.5 points to 84.1%.
Traffic on the European network rose 7.2% for capacity up by 2.7%. The load factor stood at 71.9% (+3.0 points).

Cargo business
Cargo recorded a 3.4% drop in traffic for capacity down by 0.6%. The load factor declined by 2.0 points to 69.2%. Unit revenue per available ton kilometer (RATK) ex-currency was stable relative to March 2011.

Recent developments

Air France continues its commercial drive from Nice and Toulouse, having inaugurated on 1st and 3rd April, 18 new routes to Europe and the Mediterranean Basin. The target is to transport, in one year, two million additional passengers from its three bases, Marseille, Toulouse and Nice.
Air France unveiled, with Aéroports de Paris, an ambitious development plan for its Paris-Charles de Gaulle hub. In Summer 2012, Air France will welcome its passengers in new infrastructures, with improved connections and upgraded facilities.
Air France and KLM launched ‘SkyPriority’ on 26th March in both the hubs of Paris-Charles de Gaulle and Amsterdam-Schiphol as well as Paris-Orly. Via a harmonized ground service throughout the world, SkyTeam premium passengers benefit from numerous advantages from the point of check-in until luggage delivery.
Air France-KLM is pursuing the development of its offer towards Africa. KLM inaugurated on 27th March a new route to Luanda, Angola. Air France announced a daily flight to Abuja, Nigeria from June 4th 2012.
Air France deployed the Airbus A380 on the Singapore route. In Summer 2012, seven destinations will be served by Air France with an A380: New York JFK, Washington DC, Los Angeles, Montreal, Johannesburg, Tokyo-Narita et Singapore.

The Air France-KLM Group’s summer schedule (25 March – 28 October 2012)

Wed, 22 Feb 2012 01:00:00 +0100

KLM service schedule at a glance
In light of the current difficult economic circumstances and high fuel costs, KLM's service capacity during the summer season, which commences on 25 March, will remain the same as last year, with hardly any expansion.
Within this carefully balanced capacity policy, KLM intends to consolidate its growth in Central and South America, two new destinations will be introduced in Africa (Luanda and Lusaka) and the total capacity deployed in North America and Asia will remain virtually the same. KLM’s strategic position in Greater China will be strengthened even further with the introduction of a non-stop service to Taipei and an increase in the number of flights to Hangzhou during the height of summer. Capacity on services to destinations in the Middle East will be reduced by 8 percent. The total capacity of the airline's service to destinations in Europe will also continue to remain the same, however the number of seats on flights to Southern Europe will be reduced, whilst strategic positions in North-western Europe will be strengthened.

KLM will add new, state-of-the-art and fuel-efficient aircraft to its short and long-haul fleet in order to replace the old, less efficient fleet.

Europe, focussing on North-western Europe

North-western EuropeKLM will expand its services to Denmark and Norway with additional daily flights from and to Aalborg, Billund, Stavanger and Sandefjord/Torp. In France, KLM is adding capacity from and to Toulouse and Bordeaux and in Germany it is also adding capacity from and to Bremen, Frankfurt and Stuttgart. The expansion that took place in the United Kingdom last summer will be continued and has been expanded to include a flight from and to Aberdeen. The three daily flights to Liverpool have been suspended, but the region will continue to be served by six daily flights from and to Manchester.

Southern Europe
In Spain, the number of flights from and to Barcelona and Madrid has been reduced. KLM is keeping the number of connections to Madrid at the required level by collaborating with Air Europe. In Italy, KLM is centring all flights to Milan at Linate airport, in collaboration with its joint venture partner Alitalia. KLM is also increasing the number of daily flights it operates to Venice from three to four.

Eastern Europe
In Eastern Europe, KLM is continuing to work on improving its product by collaborating closely with local partners. KLM will increase the number of daily flights from two to four between Amsterdam and Kiev, two of which will be operated by KLM.

Northern America, selective growth
Together with Delta Air Lines, KLM's partner in the transatlantic joint venture, KLM is strengthening its market position in the United States and Canada. Major investments are being made in the hubs of Delta Air Lines: in June, the new international terminal in Atlanta will come on stream and flights from Amsterdam Airport Schiphol to Atlanta will be operated four times per day. Together with Detroit (four times per day), Minneapolis (three times per day) and New York JFK (three times per day), the most important Delta Air Lines hubs will be served fourteen times per day, thereby enabling passengers to access Delta Air Lines' extensive network of services to domestic destinations in the USA.

Dallas-Fort Worth is returning to the network this summer season with five flights per week in an Airbus A330-200. Flights to Miami will be offered by Delta Air Lines, via Atlanta. Washington Dulles will welcome the new Airbus A330-300. At Houston, the number of flights will be reduced from thirteen to seven flights per week and the service to Los Angeles will be expanded with three flights to ten flights per week during the high season (June to August inclusive).

Flights to Toronto will be offered twice a day during the summer, flights will be offered to Vancouver in a Boeing 777-200 instead of an MD-11 and Calgary will be upgraded to become a daily service, serving these destinations. Together with partner Westjet, a large number of secondary Canadian destinations will also be offered from here.

Central and South America, continuation of the winter schedule

Flights to destinations in the Dutch Caribbean continue to be extremely popular. The number of flights operated during the past winter season will be carried forward and will total 14 flights per week.

Flights will be operated to Havana (Cuba) three times per week as a direct service. Flights will also be offered to Punta Cana (Dominican Republic) by Air France via Paris.

The daily service to Panama that was introduced last winter will be continued. What is more, connections to destinations in Central America in collaboration with partner Copa Airlines will be further improved as connection times are reduced.

South America continues to form an important growth market for KLM. The increased capacity that was deployed last winter will continue to be implemented during the coming summer season.

Rio de Janeiro (Brazil) and Buenos Aires (Argentina) were added to the network as new destinations last winter. Both metropolises are served with direct flights three times per week and capacity on services to Buenos Aires has been increased by deploying a Boeing 777-300. In collaboration with partners Gol and Aerolineas Argentinas, a large number of secondary destinations will be offered in South America via São Paulo (Brazil), Rio de Janeiro and Buenos Aires.

The number of flights to Quito/Guayaquil (Ecuador) has been increased from three to four per week compared with last winter. A Boeing 747-400 will be deployed on services to Paramaribo (Suriname). The number of services will total four per week during the high season (July and August) and three per week outside of the high season.

Africa, new destinations
The oil destination of Luanda (Angola) will be added to the KLM network as of 27 March. Flights will run to this destination on Tuesdays and Fridays on a night/night schedule, so as to complement the flight schedule operated by Air France.
What is more, Lusaka (Zambia) will be added to the network with three weekly flights starting from 15 May. Zambia has witnessed considerable economic growth as a result of the mining industry. In terms of tourism, Zambia also offers a range of different options, primarily concentrated in the area around the city of Livingstone, near the Victoria Falls.

The number of flights to Entebbe (Uganda) and Kigali (Rwanda) has been increased to six per week. The new Airbus A330-300 will be deployed in the West-African destinations of Lagos (Nigeria) and Accra (Ghana).

KLM will serve Cairo (Egypt) with flights on a Boeing 777-200 three times per week this summer. KLM intends to resume flights to Tripoli (Libya) with effect from May 2012.

Middle East, some services withdrawn and all services enhanced
KLM will improve its Middle East product by offering a direct service from and to Doha (Qatar) five times per week, with an onward connection to Muscat (Oman). The number of flights to Dammam (Saudi Arabia) has also been increased from five per week to a daily flight and will be operated in combination with Kuwait. Abu Dhabi (UAE) and Bahrein will be served five times per week. A limousine service will be available between Bahrein and Dammam, so that both destinations are served to an optimal extent.
The number of seats on the midday flight to Dubai (VAE) has been increased. The evening flight to Dubai will be suspended during the summer.

KLM will continue to operate six flights a week to Teheran (Iran).

Asia, consolidating a strong position
KLM continues to have a strong presence in the Greater China Region. As well as continuing to offer flights to the destinations that were introduced over the last two years (Chengdu, Hangzhou and Xiamen), a direct and daily service will also be introduced to Taipei (Taiwan), with an onward connection to Manila. During the high season (June to September inclusive), Hangzhou will be served four times per week. In collaboration with KLM, partner China Southern Airlines is increasing the number of flights it runs between Guangzhou and Amsterdam from three per week to a daily product.

Due to the high level of recovery of demand, the capacity in Japan is once again back at the level it was prior to the earthquake and tsunami at the beginning of 2011. This means that ten flights run to Tokyo Narita every week and one flight to Osaka every day.

In South-East Asia, a daily, non-stop service will operate to Bangkok (Thailand). Services to Bangkok were previously combined with those to Taipei. The new daily non-stop service will therefore increase the number of seats available to Bangkok. The number of flights to Denpasar (Bali, Indonesia) will be increased from four to seven per week, with a stopover in Singapore.

A flight to Delhi (India) is offered with an Airbus A330-200, instead of an MD-11.

Fleet
KLM continues to invest in clean and environmentally friendly aircraft in order to guarantee its customers an optimal service.

Two new Boeing 777-300s and three new Airbus A330-300 ERs are set to be added to the airline's long-haul fleet. The new fleet will be phased in as the McDonnell Douglas MD11s start to be phased out.

This summer, the medium-haul fleet will consist entirely of new generation Boeing 737- aircraft.

Five new Embraer 190 aircraft will be added to the short-haul fleet, while the Fokker 100s will be phased out during the course of the year.

KLM Newsroom

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The Air France-KLM Group’s summer schedule (25 March – 28 October 2012)