KLM Newsroom

KLM, Air France, Delta en Virgin Atlantic breiden hun samenwerking uit

Mon, 03 Feb 2020 12:03:47 +0100

Air France, KLM, Delta en Virgin Atlantic hebben een nieuwe joint venture gelanceerd met meer keuzemogelijkheden voor reizen tussen Europa, het VK en Noord-Amerika.

Het nieuwe partnerschap biedt klanten naadlozere vluchtschema’s met als gemeenschappelijk doel een soepele en consistente reiservaring te kunnen garanderen, met welke luchtvaartmaatschappij passagiers ook vliegen. Daarnaast profiteren klanten van de flexibiliteit om bij ieder van de vier airlines vluchten te kunnen boeken via hun respectieve apps, websites of via reisbureaus. Klanten kunnen bovendien gebruikmaken van een award-winnende service en profiteren daarbij van topproducten, entertainment, en gratis maaltijden en drankjes in alle reisklassen op trans-Atlantische vluchten.

Deelnemers van het loyaliteitsprogramma kunnen nu Miles sparen en besteden of profiteren van de voordelen van hun deelnemersniveau op vluchten van elk van de vier airlines, of het nu gaat om een trans-Atlantische reis, een korte Europese vlucht of een binnenlandse vlucht in de Verenigde Staten. Daarmee krijgen ze ook meer mogelijkheden om hun volgende niveau sneller te bereiken. Elite-deelnemers van het loyaliteitsprogramma krijgen bovendien voorrang bij het instappen en kunnen op luchthavens uitrusten in meer dan 100 lounges tijdens hun internationale reizen.

Andere belangrijke hoogtepunten zijn:

Tot 341 dagelijkse trans-Atlantische vluchten, onder meer op 8 van de 10 drukste routes
Aansluitingsmogelijkheden naar 238 steden in Noord-Amerika, 98 Europese steden en 16 steden in het Verenigd Koninkrijk
Een selectie van 110 rechtstreekse trans-Atlantische routes
De JV vertegenwoordigt ongeveer 23% van de totale trans-Atlantische capaciteit
De gezamenlijke jaarlijkse inkomsten van de JV worden geschat op 13 miljard Amerikaanse dollar
Air France, KLM, Delta en Virgin Atlantic hebben samen meer dan 180.000 medewerkers in dienst

Het volledige uitgebreide netwerk is bovendien beschikbaar voor Cargo-klanten, waarbij de focus ligt op de hubs van de partners in Amsterdam, Atlanta, Boston, Detroit, Londen Heathrow, Los Angeles, Minneapolis, New York-JFK, Parijs, Seattle en Salt Lake City. Dit leidt tot soepele verbindingen, rechtstreeks of met maximaal één tussenstop, naar elke hoek van Noord-Amerika, Europa en het Verenigd Koninkrijk.

KLM vervoerscijfers: Mooie groei aantal passagiers en stijgende benuttingsgraad vracht

Fri, 11 May 2018 07:35:00 +0200

KLM verwelkomde in de maand april 5,2% meer passagiers aan boord in vergelijking met dezelfde maand vorig jaar. Bij een hoger vervoer van 4,0% in passagierskilometers en een hogere capaciteit van stoelkilometers van 3,3%, steeg de bezettingsgraad met 0,6%-punt.

Transavia Nederland zag een afname in groei ten opzichte van dezelfde maand vorig jaar. Bij een afname in vervoer in passagierskilometers en een afname van de capaciteit, kwam de bezettingsgraad licht lager uit. Bij KLM Cargo steeg de benuttingsgraad met 1,9%-punt, bij een licht lager vervoer en een lagere capaciteit.

KLM Cijfers eerste kwartaal (Q1) 2018

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

(*) De gezamenlijke Air France - KLM eerste kwartaal results (Q1) zijn terug te vinden in de download box van dit bericht.

KLM-vervoerscijfers: stevige groei in februari

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

Transavia Nederland had eveneens een goede maand ten opzichte van februari 2017. Bij een hoger vervoer in passagierskilometers en een toename van de capaciteit, kwam de bezettingsgraad flink hoger uit. Bij KLM Cargo steeg het vervoer aanzienlijk met 2,5%, bij een licht gestegen capaciteit van 0,3%. Hiermee steeg de benuttingsgraad met 1,4%-punt.

(*) De gezamenlijke Air France - KLM Traffic results Februari zijn terug te vinden in de download box van dit bericht.

KLM jaarcijfers 2017 laten record resultaat zien

Fri, 16 Feb 2018 14:48:49 +0100

De gezamenlijke Air France - KLM jaarresultaten over 2017 zijn terug te vinden in de download box van dit bericht.

Goede KLM vervoerscijfers in oktober

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

Transavia wist ook te profiteren van de stijgende vraag in de markt en ziet eveneens een toename van de capaciteit, het aantal passagiers en de bezettingsgraad.

Bij KLM Cargo was er bij een lichte stijging van de capaciteit van 0,5% sprake van een daling van het vervoer van 1,4%, waardoor de benuttingsgraad daalde met 1,2%-punt.

De gezamenlijke Air France - KLM Traffic Results van oktober 2017 zijn terug te vinden in de download box van dit bericht.

Verbetering resultaten KLM in derde kwartaal

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

De gezamenlijke Air France - KLM derde kwartaal cijfers 2017 zijn terug te vinden in de download box van dit bericht.

Groei KLM Passage zet door in september

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

Bij een groei van de capaciteit van 2,1%, steeg de bezettingsgraad met 1,4%-punt naar 90,1%. Op Europa was de groei het grootst, zowel in capaciteit (5,8%), in passagiers (8,3%) als in de bezettingsgraad, die met 2,5%-punt steeg. Bij Transavia stegen de capaciteit, het aantal passagiers en de bezettingsgraad eveneens.

Bij KLM Cargo was de daling van het vervoer met 2,4% groter dan de daling van de capaciteit van 0,8%, waardoor de benuttingsgraad daalde met 1,1%-punt.

De gezamenlijke Air France - KLM Traffic Results van september 2017 zijn terug te vinden in de download box van dit bericht.

KLM vervoerscijfers augustus 2017: acht miljoen passagiers in twee maanden.

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

Over het gehele netwerk bleef de stijging van de capaciteit uitgedrukt in ASK’s beperkt tot 1,8%. De bezettingsgraad liet wel opnieuw een mooie stijging zien van 0,7 procentpunt naar 91,4%. In totaal vervoerde KLM (inclusief Transavia) meer dan 8 miljoen passagiers in de twee zomermaanden. Bij Vracht was de daling van het vervoer – net als vorige maand – met 2,8% lager dan de daling van de capaciteit van 3,6%, waardoor de benuttingsgraad steeg met 0,5 procentpunt.

De gezamenlijke Air France - KLM Traffic Results van augustus 2017 zijn terug te vinden in de download box van dit bericht.

KLM vervoerscijfers juli 2017: stijgende lijn zet door

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

KLM verwelkomde in juli 6,5% meer passagiers aan boord bij een toename van de beschikbare capaciteit van 2,4%. De bezettingsgraad komt hiermee op een recordhoogte van 91,7%; een toename van 1,2%-punt ten opzichte van dezelfde maand vorig jaar. Bij Transavia stegen de capaciteit, het aantal passagiers en de bezettingsgraad eveneens.

Bij KLM Cargo was de daling van het vrachtvervoer met 2,3% minder sterk dan de daling van de capaciteit met 3,2%, waardoor de benuttingsgraad steeg met 0,6%-punt.

De gezamenlijke Air France - KLM Traffic Results van juli 2017 zijn terug te vinden in de download box van dit bericht.

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

Bijna 2 miljoen meer passagiers voor KLM Groep in eerste halfjaar

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

De KLM Groep groeide het eerste halfjaar met 11% en bijna 20 miljoen passagiers. Hiermee is KLM goed op weg naar het doel voor 2017 van ruim 40 miljoen passagiers voor KLM en Transavia.

De grootste stijging in passagiers kwam uit Europa.

Ondanks een licht herstel de laatste maanden had de Vracht geen eenvoudig eerste halfjaar. Over het geheel genomen daalde het vervoer met 1,3% bij een lagere capaciteit van 0,4% wat leidde tot een lichte daling van de benuttingsgraad met 0,6 procentpunt.

De gezamenlijke Air France - KLM Traffic Results van juni 2017 zijn terug te vinden in de download box van dit bericht.

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 vervoerscijfers maart 2017: stijging passagiersaantallen zet door

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

In het bijzonder op Europa, waar KLM onverminderd marktaandeel probeert terug te pakken, wist KLM haar positie verder te versterken. KLM Cityhopper voegde in maart alweer een zevende Embraer 175 aan haar vloot toe. Transavia groeide flink, waarbij KLM de situatie met eind maart vorig jaar vergelijkt, toen de basis in München werd geopend.

KLM Cargo wist in maart te profiteren van de mondiale groei in luchtvrachtvervoer. Cargo daalt ten opzichte van maart 2016 met 0,7% procent, in lijn met de minder ingezette capaciteit van 0,3%. De benuttingsgraad steeg met 1,5 procentpunt.

KLM heeft het eerste kwartaal van 2017 daarmee goed afgesloten: over de eerste drie maanden steeg het aantal passagiers met 6,5% wat neerkomt op 430.000 passagiers.

De capaciteit steeg met 4,7% procent en de bezettingsgraad nam 1 procentpunt toe.

(*) De gezamenlijke Air France - KLM Traffic Results van maart 2017 zijn terug te vinden in de download box van dit bericht.

KLM maakt intentieverklaring bekend tussen Air France-KLM en Groupe CRIT met betrekking tot de verkoop van Cobalt Ground Solutions

Mon, 28 Nov 2016 14:41:54 +0100

Cobalt Ground Solution werd in 2009 opgericht door het samenvoegen van twee dochterondernemingen van Air France en KLM. Het bedrijf, momenteel volledig eigendom van Air France-KLM, biedt grote internationale luchtvaartmaatschappijen volledige grondafhandelingsdiensten op London Heathrow Airport en zal over 2016 een omzet hebben van circa 40 miljoen euro. Deze desinvestering is onderdeel van de strategie van Air France-KLM om zich te concentreren op haar kernactiviteiten.

Derde kwartaal resultaten KLM vrijwel gelijk aan vorig jaar

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

De resultaten in het derde kwartaal waren met een resultaat van +€422 miljoen (COI marge 14.9%) vrijwel gelijk aan die van het derde kwartaal in 2015. De kostenbesparingen zetten zich dankzij de inzet van alle KLM-ers in het derde kwartaal voort. Dit leidde tot een unit kostenreductie van -1.4%. In de kosten zit ook opgenomen een aanzienlijke reservering voor de verbeterde winstdelingsregeling voor cockpit en grond die in de laatste cao's is afgesloten. Het verlagen van onze kosten teneinde te kunnen investeren is een essentieel onderdeel van Perform 2020.

Het resultaat werd echter negatief beïnvloed door de teruglopende inkomsten per eenheid als gevolg van de toenemende concurrentiedruk. Hierbij zijn de afnemende inkomsten per eenheid groter dan het voordeel dat we behalen uit de lagere brandstofprijs. Naar voren toe zet dit verdere druk op onze inkomsten. Gecombineerd met de grote investeringen in vloot, product en digitalisering voor klant én medewerker toont dit de onverminderde noodzaak aan tot verdere en structurele kostenverlagingen in lijn met onze doelstellingen.

KLM noteerde in de eerste 9 maanden van dit jaar een operationeel resultaat van +€628 miljoen (COI marge 8.5%). Dat is een verbetering van €283 miljoen ten opzichte van dezelfde periode vorig jaar. Deze flinke verbetering werd vooral veroorzaakt door de positieve resultaten in het eerste halfjaar, waarbij het brandstofvoordeel voor een groot deel behouden kon worden in de resultaten.

Pieter Elbers
President-directeur KLM

(*) in de download sectie van dit bericht zijn de Air France-KLM Financial Year 2016: Third Quarter results terug te lezen.

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 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.

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.

statement - aanslag Nice

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

Reactie van Pieter Elbers, President-directeur KLM

AIRFRANCE KLM April 2016 Traffic Result

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

AIRFRANCE 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.

AFKL 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)

AIRFRANCE KLM Full Year 2015 Results

Thu, 18 Feb 2016 07:15:00 +0100

FOURTH QUARTER 2015

Revenues of 6.3 billion euros, up 2.2%, down 3.4% like-for-like.
Negative impact on revenues of the Paris terrorist attacks estimated at 120 million euros
EBITDA of 551 million euros, up 188 million euros like-for-like
Operating result of 150 million euros, up 284 million euros like-for-like

OUTLOOK

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 by downward pressure on unit revenue and negative currency impacts
Continued progress in unit cost reduction targeted between 0.8% and 1.2% 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 17 February 2016 to approve the accounts for Full Year 2015.

Key data

	Fourth quarter			Full Year
	2015	2014	Change	2015	2014	Change
Passengers (thousands)	21,323	21,047	+1.3%	89,821	87,358	+2.8%
Capacity (EASK m)	81,639	81,565	+0.1%	337,993	332,602	+1.6%
Revenues (€m)	6,346	6,212	+2.2%	26,059	24,912	+4.6%
Change like-for-like (%)			-3.4%			-3.2%
EBITDAR (€m)	816	543	+273	3,474	2,462	+1,012
EBITDA (€m)	551	316	+235	2,447	1,589	+858
EBITDA margin	8.7%	5.1%	+3.6 pt	9.4%	6.4%	+3.0 pt
EBITDA change like-for-like (€m)			+188			+906
Operating result (€m)	150	-169	319	816	-129	945
Operating margin	2.4%	-2.7%	+5.1 pt	3.1%	-0.5%	+3.6 pt
Operating result like-for-like (€m)			+284			+698
Net result, group share (€m)	276	308	-32	118	-225	+343
Restated net result, group share (€m)	23	-307	+330	220	-540	+760
Earnings per share (€)	0.93	1.07	-0.14	0.34	-0.75	+1.09
Diluted earnings per share (€)	0.93	0.78	+0.15	0.34	-0.75	+1.09
Adjusted earnings per share (€)	0.77	-1.03	+1.80	0.68	-1.82	+2.50
Diluted adjusted earnings per share (€)	0.77	-1.03	+1.80	0.68	-1.82	+2.50
Operating free cash flow (€m)	73	-101	+174	606	-164	+770
Net debt at end of period (€m)				4,307	5,407	-1,100

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.
The costs of temporary staff are no longer recorded in “External expenses” but in “Salaries and related costs”.

Full year 2015

Full Year 2015 total revenues stood at 26.1 billion euros versus 24.9 billion euros in 2014, up 4.6%. Corrected for the strike impact, revenues increased by 2.5% mainly as a result of a strong currency tailwind. Total revenues were down 3.2% like-for-like.

The Fourth Quarter 2015 results were affected by the Paris terrorist attacks in November. The estimated impact in the Fourth Quarter 2015 revenues was 120 million euros.

Total operating costs were up +0.8% year-on-year and 5.8% lower on a like-for-like basis. Ex-fuel, they increased by 3.5% and by 1.1% on a like-for-like basis. Unit cost per EASK was reduced by 0.6%, on a constant currency, fuel price and pension basis, against capacity measured in EASK up by +0.2%, corrected for the strike.

The 2015 fuel bill amounted to 6,183 million euros, down 6.7% and 22.3% like-for-like. Based on the forward curve at 5 February 2016, the Full Year 2016 fuel bill could amount to 4.5 billion euros[1]

Total employee costs including temporary staff were up 2.8% to 7,852 million euros. They included a non-cash increase of 139 million euros in pension related expenses at KLM due to changes in actuarial assumptions (lower discount rate). On a constant scope and pension expense basis and adjusted for the strike, they increased by 0.7%. Excluding the profIt sharing scheme, net employee costs decreased by 0.2%.

In Full Year 2015, the positive currency impact on revenues reached 1,510 million euros. In spite of the higher profits on currency hedging, the negative impact on costs reached 1,688 million euros. The net impact of currencies on the operating result thus amounted to a negative 178 million euros.

EBITDAR amounted to 3,474 million euros, a reported increase of 1,012 million euros. Like-for-like, EBITDAR increased by 585 million euros, mainly driven by good second half trading. Over the Full Year 2015, 30% of the savings achieved on the fuel bill were retained; positive 1,721 million euros excluding currency was partially offset by pressure on unit revenues (negative 1,028 million euros excluding currency) and currency impacts (negative 178 million euros).

EBITDA amounted to 2,447 million euros, an increase of 858 million euros. Like-for-like, EBITDA increased by 576 million euros, mainly as a result of the strong Passenger network performance, which improved by 625 million euros like-for-like over the full year.

	Full Year
EBITDA per business (€m)	2015	2014ex strike	Change like-for-like
Passenger network	2,124	1,617	+625
Cargo	-210	-126	-43
Maintenance	453	464	-49
Transavia	2	-8	+41
Other	78	67	+2
Total	2,447	2,014	+576

Full Year 2015 EBITDA improved by 341 million euros like-for-like at Air France and 221 million euros like-for-like at KLM. EBITDA margins were up at both airlines, reaching 9.3% at Air France and 9.2% at KLM.

	Full Year
EBITDA per airline (€m)	2015	2014ex strike	Change like-for-like
Air France	1,525	1,282	+341
EBITDA margin	9.3%	8.0%	+1.1 pt
KLM	911	722	+221
EBITDA margin	9.2%	7.5%	+1.9 pt
Other/ eliminations	11	9	+14
Total	2,447	2,014	+576

The Full Year 2015 operating result stood at 816 million euros versus -129 million euros in 2014, a 945 million euro increase. Like-for-like, the operating result increased by 698 million euros, corrected for the strike (impact of 425 million euros) and currency effects (negative impact of 178 million euros).

The net result, group share stood at 118 million euros against a loss of 225 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) and the London Heathrow slots (+230 million euros), offset by the change in value of the hedging portfolio (-225 million euros), the unrealized foreign exchange loss (-360 million euros) and restructuring costs (-159 million euros). On an adjusted basis, the net result, group share stood at 220 million euros against -540 million euros in 2014, an 760 million euro increase.

Earnings and diluted earnings per share stood at 0.34 euros (-0.75 euros in 2014), and at0.68 euros on an adjusted basis (-1.82 euros in 2014). The Board of Directors decided not to submit a proposed dividend distribution to the next Annual General Meeting.

The return on capital employed² (ROCE) increased by 3.4 points to 8.6% at year end 2015.

[1] 2016 average Brent price of USD 37, average jet fuel market price of USD 365 per ton, assuming average exchange rate of 1.10 USD per euro for January-December 2016.

Fourth Quarter 2015

In the Fourth Quarter 2015, total revenues stood at 6.3 billion euros versus 6.2 billion euros in 2014, up 2.2%, but down -3.4% on a like-for-like basis. Currencies had a positive 276 million euro impact on revenues, primarily due to the strengthening of the dollar against the euro.

EBITDAR stood at 816 million euros, up by 273 million euros versus 2014. EBITDA amounted to 551 million euros, up by 235 million euros. On a like-for-like basis, EBITDA increased by 188 million euros, primarily driven by the strong increase of the passenger network performance.

The operating result stood at 150 million euros versus -169 million euros in 2014. Currencies had a 59 million euro negative impact on the operating result in Fourth Quarter 2015.

Passenger network[1]

Passenger network	Full Year 2015	Full Year 2014	*Change*	*Change* *like-for-like*
Passengers (thousands)	79,016	77,450	+2.0%
Capacity (ASK m)	276,899	270,789	+2.3%	+0.7%
Traffic (RPK m)	235,715	229,347	+2.8%	+1.2%
Load factor	85.1%	84.7%	+0.4 pt	+0.4 pt
Total passenger revenues (€m)	20,541	19,570	+5.0%	-2.6%
Scheduled passenger revenues (€m)*	19,707	18,740	+5.2%	-2.6%
Unit revenue per ASK (€ cts)	7.12	6.92	+2.8%	-3.3%
Unit revenue per RPK (€ cts)	8.36	8.17	+2.3%	-3.7%
Unit cost per ASK (€ cts)	6.81	6.95	-2.0%	-6.7%
Operating result (€m)	842	-83	+925	+687
Of which long-haul (estimated)	1,140	740	+400
Of which medium-haul hub feeding (est.)	-230	-320	+90
Of which medium-haul point-to-point (est.)	-70	-120	+50

* FY 2014 restated for change in revenue allocation (45 million euros transferred from “other passenger” to “scheduled passenger revenues”)

Full Year 2015 total passenger revenues amounted to 20,541 million euros, up 5.0% and down 2.6% like-for-like. The operating result of the passenger business stood at 842 million euros, versus a loss of 83 million euros over the Full Year 2014, an increase of 925 million euros. Like-for-like, the operating result improved by 687 million euros.

The Group maintained its strict capacity discipline, increasing total passenger capacity by 0.7% excluding the strike impact. Unit revenue per Available Seat Kilometer (RASK) remained volatile, up 2.0% in nominal value strike corrected and down by 3.3% on a like-for-like basis.

On the long-haul network, the capacity measured in ASKs was up 3.0%, while unit revenue was down 4.4% excluding currency impact, affected by the capacity-demand imbalances observed on different parts of the network, and by the large drop in demand out of Brazil and Japan. In addition, several routes were affected by travel budget reductions implemented by oil and gas related customers, notably to Africa. Nevertheless, the estimated long-haul operating result was up 400 million euros to 1,140 million euros.

As planned, medium-haul point-to-point capacity (excluding the Paris and Amsterdam hubs) was further reduced by 11.5%, leading to a significant improvement in unit revenue of +7.0% like-for-like contributing to the improvement of the point-to-point operating result by 50 million euros. The medium-haul feeding activity (the Paris and Amsterdam hubs) unit revenues decreased by 1.6% like-for-like. The medium-haul hub feeding estimated operating result stood at a loss of 230 million euros, an improvement of 90 million euros versus Full Year 2014.

The unit cost per Available Seat Kilometer (CASK) was further reduced by 6.7% like-for-like. Excluding the positive impact of the fuel bill and the additional pension charges, the CASK decreased by 0.5% over the year.

Over the Full Year 2016, the Group will maintain its strict capacity discipline in the passenger business, with planned stable capacity.

Passenger network	Q4 2015	Q4 2014	*Change*	*Change* *Like-for-like*
Passengers (thousands)	19,156	19,095	+0.3%
Capacity (ASK m)	67,636	67,019	+0.9%	+0.9%
Traffic (RPK m)	56,719	55,763	+1.7%	+1.7%
Load factor	83.9%	83.2%	+0.7 pt	+0.7 pt
Total passenger revenues (€m)	4,983	4,861	+2.5%	-2.7%
Scheduled passenger revenues (€m)*	4,787	4,648	+3.0%	-2.3%
Unit revenue per ASK (€ cts)	7.08	6.94	+2.1%	-3.2%
Unit revenue per RPK (€ cts)	8.44	8.34	+1.3%	-4.0%
Unit cost per ASK (€ cts)	6.85	7.19	-4.8%	-9.9%
Operating result (€m)	156	-171	+327	+292

* Q4 2014 restated for change in revenue allocation (16 million euros transferred from “other passenger” to “scheduled passenger revenues”)

In the Fourth Quarter of 2015, passenger revenues amounted to 4,983 million euros, up 2.5%, but down 2.7% like-for-like. The revenues were impacted by the terrorist attacks in Paris in November 2015, with an estimated negative impact of 120 million euros. The operating result of the passenger business stood at 156 million euros, versus -171 million euros in the same period last year, up 327 million euros on a reported basis and up 292 million euros like-for-like.

Unit revenue per Available Seat Kilometer (RASK) increased by 2.1% and decreased by 3.2% like-for-like.

Cargo business

Cargo	Full Year 2015	Full Year 2014	*Change*	*Change* *Like-for-like*
Tons (thousands)	1,206	1,303	-7.5%
Capacity (ATK m)	14,908	15,608	-4.5%	-5.8%
Traffic (RTK m)	9,008	9,843	-8.5%	-10.0%
Load factor	60.4%	63.1%	-2.6 pt	-2.7 pt
Total external revenues (€m)	2,425	2,681	-9.5%	-17.4%
Scheduled cargo revenues (€m)	2,263	2,509	-9.8%	-17.8%
Unit revenue per ATK (€ cts)	15.18	16.08	-5.6%	-12.8%
Unit revenue per RTK (€ cts)	25.12	25.49	-1.4%	-8.8%
Unit cost per ATK (€ cts)	16.82	17.43	-3.5%	-10.8%
Operating result (€m)	-245	-212	-33	-14

The Group continued to restructure its Cargo activity to address weak global trade from/to Europe and structural air cargo industry overcapacity. During Full Year 2015, full-freighter capacity was reduced by more than 23%, leading to a strike-adjusted decrease in total capacity of 5.8%. Revenue per Available Ton Kilometer (ATK) was down by 12.8% like-for-like, reflecting the persistently weak demand.

Cargo unit cost was down 10.8% like-for-like, as a result of the lower fuel price and of the good cost performance. Unit cost excluding fuel price and currency was down 2.5% in spite of the capacity reduction. Headcount was reduced by 8.8% over the course of the year.

Within the framework of Perform 2020, the Group phased out 5 full-freighters during 2015 and plans to operate only 5 full-freighters by summer 2016. This reduction should enable the full-freighter business to return to operating breakeven in 2017. The loss for the full-freighter activity was reduced to 42 million euro, a significant decrease by 55 million euros during Full year 2015.

Cargo	Q4 2015	Q4 2014	*Change*	*Change* *Like-for-like*
Tons (thousands)	309	334	-7.7%
Capacity (ATK m)	3,631	3,944	-7.9%	-7.9%
Traffic (RTK m)	2,297	2,546	-9.8%	-9.8%
Load factor	63.3%	64.6%	-1.3 pt	-1.3 pt
Total Cargo revenues (€m)	612	714	-14.3%	-19.5%
Scheduled cargo revenues (€m)	567	676	-16.1%	-21.3%
Unit revenue per ATK (€ cts)	15.62	17.14	-8.9%	-14.6%
Unit revenue per RTK (€ cts)	24.68	26.55	-7.0%	-12.8%
Unit cost per ATK (€ cts)	16.25	17.90	-9.2%	-14.9%
Operating result (€m)	-23	-31	+8	+9

In the Fourth Quarter of 2015, cargo revenues amounted to 612 million euros, down 14.3%. On a like-for-like basis, revenue were down by 19.5% and unit revenue per Available Ton Kilometer (RATK) decreased by 14.6%.

The Group continued its efforts to reduce unit costs, down 14.9% on a like-for-like basis. The operating result improved by 9 million euros like-for-like.

Maintenance

Maintenance	Full Year 2015	Full Year 2014	*Change*	*Change* *Like-for-like*
Total revenues (€m)	4,012	3,392	+18.3%
Third party revenues (€m)	1,577	1,251	+26.1%	7.3%
Operating result (€m)	214	174	+40	-20
Operating margin (%)	5.3%	5.1%	+0.2 pt	-0.8 pt

Full Year 2015 third party maintenance revenues amounted to 1,577 million euros, up 26.1% and by 7.3% like-for-like. Revenues benefited not only from the strong dollar relative to the euro and from the contracts gained in previous years.

Over the period, the Group recorded a 12% increase in its order book to 8.4 billion dollars, including significant contract wins with contracts for GE90 engines and B787 components.

The operating result amounted to 214 million euros, up 40 million, corresponding to an operating margin of 5.3%. Like-for-like, the operating results decreased by 20 million euros.

Maintenance	Q4 2015	Q4 2014	*Change*	*Change* *Like-for-like*
Total revenues (€m)	1,080	919	+17.5%
Third party revenues (€m)	429	356	+20.5%	6.0%
Operating result (€m)	47	61	-14	-23
Operating margin (%)	4.4%	6.6%	-2.3 pt	-2.7 pt

In the Fourth Quarter of 2015, third party maintenance revenues were 429 million euros, up 20.5% and up 6.0% like-for-like. The operating result decreased by 14 million euros to 47 million euros.

Transavia

Transavia	Full Year 2015	Full Year 2014*	*Change*
Passengers (thousands)	10,805	9,908	+9.1%
Capacity (ASK m)	22,432	21,299	+5.3%
Traffic (RPK m)	20,169	19,136	+5.4%
Load factor	89.9%	89.8%	+0.1 pt
Total passenger revenues (€m)	1,099	1,056	+4.1%
Scheduled passenger revenues (€m)	1,086	1,046	+3.8%
Unit revenue per ASK (€ cts)	4.84	4.92	-1.6%
Unit revenue per RPK (€ cts)	5.38	5.48	-1.7%
Unit cost per ASK (€ cts)	5.00	5.09	-1.8%
Operating result (€m)	-35	-36	+1

* FY 2014 restated for change in revenue allocation (45 million euros transferred from “other passenger” to “scheduled passenger revenues”)

In the Full Year 2015, as planned within the Perform 2020 framework, Transavia capacity was up by 5.3%, reflecting the accelerated development in France (capacity up by 24.6%) and the ongoing repositioning in the Netherlands (with scheduled capacity up 17% and charter capacity down 13%). Traffic rose by 5.4% and passengers approached 11 million. The load factor remained high (89.9%, up 0.1 point) despite the strong increase in capacity.

Total revenues stood at 1,099 million euros, up 4.1%. Unit revenue per ASK decreased by 1.6% while unit cost per ASK decreased by 1.8%. The operating result was -35 million euros, up 1 million euro.

The development of Transavia will further accelerate in 2016 with overall ASK + 15%, with the main contributions being the growth in capacity in Transavia France and the opening of the new Munich base in March 2016, starting with 4 B737-aircraft serving 18 destinations.

Transavia	Q4 2015	Q4 2014*	*Change*
Passengers (thousands)	2,167	1,952	+11.0%
Capacity (ASK m)	4,592	4,316	+6.4%
Traffic (RPK m)	4,006	3,794	+5.6%
Load factor	87.2%	87.9%	-0.7 pt
Total passenger revenues (€m)	207	193	+7.2%
Scheduled passenger revenues (€m)	205	191	+7.3%
Unit revenue per ASK (€ cts)	4.45	4.47	-0.4%
Unit revenue per RPK (€ cts)	5.10	5.09	+0.3%
Unit cost per ASK (€ cts)	5.25	5.25	+0.1%
Operating result (€m)	-37	-34	-3

* Q4 2014 restated for change in revenue allocation (10 million euros transferred from “other passenger” to “scheduled passenger revenues”)

In the Fourth Quarter of 2015, Transavia capacity was up 6.4%. Traffic rose by 5.6% resulting in a load factor decrease of 0.7 point to 87.2%. Unit revenue per ASK was down 0.4%. Transavia’s total revenue stood at 207 million euros, up 7.2%. The operating result was -37 million euros, down 3 million euros year-on-year.

Other business: Catering

Catering	Full Year 2015	Full Year 2014	*Change*
Total revenues (€m)	947	871	+8.7%
Third party revenues (€m)	374	311	+20.3%
EBITDA (€m)	62	42	+20
Operating result (€m)	37	18	+19

In Full Year 2015, third party catering revenues amounted to 374 million euros, up 20.3%, reflecting the signature of new contracts and the launch of new operations in Africa, Asia and Latin America. The operating result stood at 37 million euros, up 19 million euros.

Financial situation

In € million	Full Year 2015	Full Year 2014	*Change*
Cash flow before change in WCR and Voluntary Departure Plans, continued operations	+1,997	+1,039	+958
Cash out related to Voluntary Departure Plans	-172	-154	-18
Change in Working Capital Requirement (WCR)	+75	+113	-38
Operating cash flow	+1,900	+998	+902
Net investments before sale & lease-back	-1,294	-1,360	+66
Cash received through sale & lease-back transactions	-	+198	-198
Net investments after sale & lease-back	-1,294	-1,162	-132
Operating free cash flow	+606	-164	+770
Of which intangible asset disposal (LHR slots)	+246	-	+246
Adjusted operating free cash flow	+360	-164	+524

In Full Year 2015, the operating cash flow before change in working capital requirement (WCR) and cash out related to Voluntary Departure Plans increased by 958 million euros to 1,997 million euros, .

The Group disbursed 172 million euros for Voluntary Departure Plans. The change in WCR contributed 75 million euros to operating cash flow. Net investments stood at 1,294 million euros, including the disposal of the London Heathrow slots amounting to 246 million euros. Excluding the slots, net investments stood at 1,540, an increase of 378 million euros.

As a result, operating free cash flow amounted to 606 million euros, versus a negative 164 million euros a year earlier.

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 and the hybrid bond transaction in April raising 600 million euros.

Net debt amounted to 4.3 billion euros at 31 December 2015, versus 5.4 billion euros at 31 December 2014. The 12 months trailing adjusted net debt / EBITDAR ratio stood at 3.3x at 31 December 2015 compared to 4.0x at 31 December 2014 excluding strike impact.

The balance sheet pension situation moved from a net liability of 710 million euros at 31 December 2014 to a net liability of 222 million euros at 31 December 2015, an improvement of 488 million euros as a result of changes in actuarial assumptions (pension indexation) and 10 year discount rate (1.65% to 1.80%).

The Group continues to enjoy a good level of liquidity, with net cash of 3.8 billion euros at 31 December 2015, and undrawn credit lines of 1.78 billion euros that were renewed in 2015.

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

Outlook

The Group is currently deploying all the operational initiatives planned within the framework of the strategic plan Perform 2020:

The continuous development of the passenger network business based on an upgraded product offer, an increased customer focus, a stronger positioning of brands and the reinforcement of strategic partnerships.
The further optimization of its Air France point-to-point operations, with the creation of a single structure, aiming at a return to operating breakeven by 2017.
A new step in the accelerated development in the European leisure market, under the Transavia brand, growing by 20% on the French market in 2016 and the opening of the new Munich base in March 2016 with 101 weekly flights throughout the 2016 summer season
The finalisation of the cargo repositioning with a fleet reduced to 5 full-freighter as per June 2016
The continuous development of the maintenance business

In parallel, a structured approach to achieve unit cost reduction is being deployed across all entities of the Group, and cost reduction initiatives are being rolled out.

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. In consequence, the Group expects the expected savings on the fuel bill to be significantly offset by unit revenue pressure and negative currency impacts.

Under these conditions, the Group is expecting 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

Based on current market conditions and without any major adverse event, the Group is retaining its unit cost reduction target being an average of 1.5% per year, amending the related period from 2015-2017 to 2016-2018.

The Group is maintaining its medium term financial targets:

Adjusted net debt²/EBITDAR ratio of around 2.5 by end 2017
Base businesses to consistently generate annual positive free cash flow
ROCE of 9% to 11% in 2017

*****

The audit procedures for the consolidated accounts have taken place. The certification report will be published following the completion of procedures necessary for the filing of the Registration Document.

The results presentation is available at www.airfranceklm.com on 18 February 2016 from 7:15am CET.

A press conference will be held on 18 February 2016 at 10.30 CET at the Pullman Paris Tour Eiffel hotel, 18, avenue de Suffren (75015 Paris).

A live webcast of the press conference will also be available on the website (password AFKL).

INCOME STATEMENTS

		Fourth Quarter			Full Year
	In million euros	2015	2014*	Change	2015	2014*	Change

Sales		6,346	6,212	2.2%	26,059	24,912	4.6%
Other revenues		2	1	100%	3	18	-83%
External Expenses		-3,812	-3,890	-2.0%	-15,682	-15,171	3.4%
Aircraft fuel		-1,363	-1,703	-20%	-6,183	-6,629	-6.7%
Chartering costs		-105	-109	-3.7%	-430	-438	-1.8%
Landing fees and en route charges		-469	-455	3.1%	-1,947	-1,840	5.8%
Catering		-161	-147	9.5%	-655	-591	11%
Handling charges and other operating costs		-389	-377	3.2%	-1,536	-1,476	4.1%
Aircraft maintenance costs		-715	-480	49%	-2,372	-1,729	37%
Commercial and distribution costs		-193	-205	-5.9%	-896	-870	3.0%
Other external expenses		-417	-414	0.7%	-1,663	-1,598	4.1%
Salaries and related costs		-1,980	-1,891	4.7%	-7,852	-7,636	2.8%
Taxes other than income taxes		-37	-39	-5.1%	-167	-169	-1.2%
Other income and expenses		297	150	98%	1,113	508	119%
EBITDAR		816	543	50%	3,474	2,462	41%
Aircraft operating lease costs		-265	-227	17%	-1,027	-873	17%
EBITDA		551	316	74%	2,447	1,589	54%
Amortization, depreciation and provisions		-401	-485	-17%	-1,631	-1,718	-5.1%
Income from current operations		150	-169	NA	816	-129	NA
Sales of aircraft equipment		-2	5	NA	-6	0	NA
Sales of subsidiaries		0	0	NA	224	185	21%
Other non-current income and expenses		217	805	-73%	81	695	NA
Income from operating activities		365	641	-43%	1,115	751	48%
Income from cash and cash equivalents		16	19	-16%	63	76	-17%
Cost of financial debt		-82	-109	-25%	-373	-446	-16%
Net cost of financial debt		-66	-90	-27%	-310	-370	-16%
Foreign exchange gains (losses), net		-40	-20	-100%	-360	-199	-81%
Change in fair value of financial assets and liabilities		46	54	-15%	-178	-92	-94%
Other financial income and expenses		0	-31	NA	-67	-68	-1.5%
Income before tax		305	554	-45%	200	22	808%
Income taxes		-29	-216	-87%	-43	-195	-78%
Net income of consolidated companies		276	338	-18%	157	-173	NA
Share of profits (losses) of associates		4	-24	NA	-30	-39	23%
Income from continuing operations		280	314	-11%	127	-212	NA
Net income from discontinued operations		0	0	NA	0	-4	NA
Net income for the period		280	314	-11%	127	-216	NA
Minority interest		-4	-6	-33%	-9	-9	0.0%
Net income for the period - Group		276	308	-10%	118	-225	NA

* Restated, see page 17

CONSOLIDATED BALANCE SHEET

Assets In million euros	December 31, 2015	December 31, 2014*
Goodwill	247	243
Intangible assets	1,018	1,009
Flight equipment	8,743	8,728
Other property, plant and equipment	1,670	1,750
Investments in equity associates	118	139
Pension assets	1,773	1,409
Other financial assets	1,224	1,502
Deferred tax assets	702	1,042
Other non-current assets	295	243
Total non-current assets	15,790	16,065
Assets held for sale	4	3
Other short-term financial assets	967	787
Inventories	532	538
Trade accounts receivables	1,800	1,728
Other current assets	1,138	961
Cash and cash equivalents	3,104	3,159
Total current assets	7,545	7,176
Total assets	23,335	23,241

* Restated, see page 17

Liabilities and equity In million euros	December 31, 2015	December 31, 2014*
Issued capital	300	300
Additional paid-in capital	2,971	2,971
Treasury shares	(85)	(86)
Perpetual	600	-
Reserves and retained earnings	(3,561)	(3,877)
Equity attributable to equity holders of Air France-KLM	225	(692)
Non-controlling interests	48	39
Total Equity	273	(653)
Pension provisions	1,995	2,119
Other provisions	1,513	1,404
Long-term debt	7,060	7,994
Deferred tax liabilities	11	14
Other non-current liabilities	484	536
Total non-current liabilities	11,063	12,067
Provisions	742	731
Current portion of long-term debt	2,017	1,885
Trade payables	2,395	2,444
Deferred revenue on ticket sales	2,515	2,429
Frequent flyer programs	760	759
Other current liabilities	3,567	3,330
Bank overdrafts	3	249
Total current liabilities	11,999	11,827
Total liabilities	23,062	23,894
Total equity and liabilities	23,335	23,241

* Restated, see page 17

CONSOLIDATED STATEMENT OF CASH FLOWS

In million euros	2015	2014*
Net income from continuing operations	127	(212)
Net income from discontinued operations	-	(4)
Amortization, depreciation and operating provisions	1,631	1,725
Financial provisions	59	68
Result on disposals of tangible and intangible assets	(224)	(19)
Result on disposals of subsidiaries and associates	(224)	(184)
Derivatives – non monetary result	91	73
Unrealized foreign exchange gains and losses, net	294	163
Share of (profits) losses of associates	30	39
Deferred taxes	4	158
Impairment	5	114
Other non-monetary items	32	(1,042)
Subtotal	1,825	879
Of which discontinued operations	-	(6)
(Increase) / decrease in inventories	36	(24)
(Increase) / decrease in trade receivables	(55)	98
Increase / (decrease) in trade payables	(62)	29
Change in other receivables and payables	156	10
Change in working capital from discontinued operations	-	20
Net cash flow from operating activities	1,900	1,012
Acquisition of subsidiaries, of shares in non-controlled entities	(7)	(43)
Purchase of property plants, equipments and intangible assets	(1,647)	(1,431)
Proceeds on disposal of subsidiaries, of shares in non-controlled entities	342	354
Proceeds on disposal of property, plant and equipment and intangible assets	353	269
Dividends received	5	20
Decrease / (increase) in net investments, more than 3 months	(208)	285
Net cash flow used in investing activities of discontinued operations	-	(20)
Net cash flow used in investing activities	(1,162)	(566)
Capital increase	1	-
Perpetual	600	-
Sale of minority interest without change in control	4	-
Issuance of debt	1,077	1,583
Repayment on debt	(1,549)	(2,024)
Payment of debt resulting from finance lease liabilities	(664)	(565)
New loans	(89)	(10)
Repayment on loans	140	36
Dividends paid	(24)	(3)
Net cash flow from financing activities	(504)	(983)
Effect of exchange rate on cash and cash equivalents and bank overdrafts	(43)	(77)
Change in cash and cash equivalents and bank overdrafts	191	(614)
Cash and cash equivalents and bank overdrafts at beginning of period	2,910	3,518
Cash and cash equivalents and bank overdrafts at end of period	3,101	2,910

* Restated, see page 17

KEY FINANCIAL INDICATORS

EBITDA and EBITDAR

In million euros	Q4 2015	Q4 2014*	FY 2015	FY 2014*
Income/(loss) from current operations	150	(169)	816	(129)
Amortization, depreciation and provisions	401	485	1,631	1,718
EBITDA	551	316	2,447	1,589
Aircraft operating lease costs	(265)	(227)	(1,027)	(873)
EBITDAR	816	543	3,474	2,462

* Restated, see page 17

Adjusted net income

	Q4 2015	Q4 2014*	FY 2015	FY 2014*
Net income/(loss), Group share (in €m)	276	308	118	(225)
Net income/(loss) from discontinued operations (in €m)	0	0	0	4
Deferred tax linked to legal modification pension plan Netherlands	0	206	0	206
Unrealized foreign exchange gains and losses, net (in €m)	26	(14)	294	163
Change in fair value of financial assets and liabilities (derivatives) (in €m)	(67)	(61)	91	73
Non-current income and expenses (in €m)	(215)	(810)	(299)	(880)
Depreciation of shares available for sale (in €m)	3	1	16	30
Cargo deferred tax assets (in €m)	0	63	0	89
Adjusted net income/(loss) (in €m)	23	(307)	220	(540)
Adjusted net income/(loss) per share (in €)	0.77	-1.03	0.68	-1.82

* Restated, see page 17

Return on capital employed (ROCE)

In million euros	31 Dec. 2015	31 Dec. 2014*	31 Dec. 2014*	31 Dec. 2013**
Goodwill and intangible assets	1,265	1,252	1,252	1,133
Flight equipment	8,743	8,728	8,728	9,391
Other property, plant and equipment	1,670	1,750	1,750	1,819
Investments in equity associates, excluding Alitalia	118	139	139	177
Other financial assets excluding shares available for sale, marketable securities and financial deposits	225	152	152	129
Provisions, excluding pension, cargo litigation and restructuring	(1,558)	(1,434)	(1,434)	(1,106)
WCR, excluding market value of derivatives	(5,125)	(4,928)	(4,928)	(4,905)
Capital employed on balance sheet	5,338	5,659	5,659	6,638
Average capital employed on balance sheet	5,499		6,149
Capital employed related to flight equipment under operating leases (operating leases x7)	7,189		6,111
Average capital employed (A) excluding Alitalia	12,688		12,260
Operating result, adjusted for operating leases	1,165		168
- Dividends received	(3)		(17)
- Share of profits (losses) of associates, excluding Alitalia	(30)		(39)
- Tax recognized in the adjusted net result	(43)		100
Adjusted result after tax, excluding Alitalia (B)	1,089		212
ROCE, trailing 12 months (B/A)	8.6%		1.7%
Adjusted result after tax, excl. Alitalia, excluding strike (C)	1,089		637
ROCE excluding strike, trailing 12 monhts (C/A)	8.6%		5.2%

* Restated, see page 17

** Restated for IFRIC 21, CityJet reclassified as discontinued operation

Net debt

Balance sheet at *(In million euros)*	31 December2015	31 December 2014
Current and non-current financial debt	9,077	9,879
Deposits on aircraft under finance lease	(453)	(584)
Financial assets pledged (OCEANE swap)	(393)	(196)
Currency hedge on financial debt	(40)	(21)
Accrued interest	(95)	(123)
Gross financial debt (A)	8,096	8,955
Cash and cash equivalents	3,104	3,159
Marketable securities	466	73
Cash pledges	18	399
Deposits (bonds)	204	166
Bank overdrafts	(3)	(249)
Net cash (B)	3,789	3,548
Net debt (A) – (B)	4,307	5,407

Adjusted net debt and adjusted net debt/EBITDAR ratio

	31 December 2015	31 December 2014
Net debt (in €m)	4,307	5,407
Aircraft operating leases x 7 (trailing 12 months, in €m)	7,189	6,111
Adjusted net debt (in €m)	11,496	11,518
EBITDAR (trailing 12 months, in €m)	3,474	2,462
EBITDAR excluding strike (trailing 12 months, in €m)	3,474	2,887
Adjusted net debt/EBITDAR ratio (trailing 12 months)	3.3X	4.7x
Adjusted net debt/EBITDAR ratio, excluding strike (trailing 12 months)	3.3X	4.0x

Operating free cash flow

In million euros	FY 2015	FY 2014
Net cash flow from operating activities	1,900	998
Investment in property, plant, equipment and intangible assets	(1,647)	(1,431)
Proceeds on disposal of property, plant, equipment and intangible assets	353	269
Operating free cash flow excluding discontinued operations	606	(164)
Intangible asset disposal (LHR slots)	(246)	0
Adjusted operating free cash flow excluding discontinued operations	360	(164)

Net cost per EASK

	Q4 2015	Q4 2014*	FY 2015	FY 2014*
Revenues (in €m)	6,346	6,212	26,059	24,912
Income/(loss) from current operations (in €m)	150	(169)	816	(129)
Total operating expense (in €m)	(6,196)	(6,381)	(25,243)	(25,041)
Passenger network business – other revenues (in €m)**	196	213	834	830
Cargo business – other revenues (in €m)	45	38	162	172
Third-party revenues in the maintenance business (in €m)	429	356	1,577	1,251
Transavia - other revenues (in €m)	2	2	13	10
Third-party revenues of other businesses (in €m)	115	88	417	354
Net cost (in €m)	5,409	5,684	22,240	22,424
Net cost excluding strike (in €m)		5,668		22,494
Capacity produced, reported in EASK	81,639	81,565	337,993	332,602
Capacity produced, reported in EASK excluding strike				337,352
Net cost per EASK (in € cents per EASK) excluding strike	6.62	6.95	6.58	6.67
Gross change		-4.7%		-1.3%
Currency effect on net costs (in €m)		278		1,426
Change at constant currency		-9.1%		-7.2%
Fuel price effect (in €m)		(539)		-1,721
Change on a constant currency and fuel price basis		-0.1%		0.0%
Change in pension-related expenses (in €m)		56		139
Net cost per EASK on a constant currency, fuel price and pension-related expenses basis (in € cents per EASK)	6.62	6.70	6.58	6.62
*Change on a constant currency, fuel price and pension-related expenses basis*		-1.1%		-0.6%

* Restated, see page 17

** Passenger other revenues restated for change in revenue allocation (16 million euros transferred from “other passenger” to “scheduled passenger revenues” in Q4, 45 million euros over the Full Year)

INDIVIDUAL AIRLINE RESULTS

Air France Group

	FY 2015	FY 2014*	Change	Changelike-for-like
Revenue (€m)	16,477	15,582	+5.7%	-2.8%
EBITDA (€m)	1,525	845	+680	+341
Operating result (€m)	462	-314	+776	+470
Operating margin	2.8%	-2.0%	+4.8 pt
Operating cash flow before WCR and restructuring cash out (€m)	1,188	665	+523
Operating cash flow (before WCR and restructuring) margin	7.2%	4.3%	+2.9 pt

* Restated, see page 17

KLM Group

	FY 2015	FY 2014*	Change	Changelike-for-like
Revenue (€m)	9,905	9,643	+2.7%	-3.7%
EBITDA** (€m)	911	734	+177	+221
Operating result** (€m)	384	175	+209	+255
Operating margin	3.9%	1.8%	+2.1 pt
Operating cash flow before WCR and restructuring cash out (€m)	746	457	+289
Operating cash flow (before WCR and restructuring) margin	7.5%	4.7%	+2.8 pt

* Restated, see page 17

** KLM EBITDA and operating result are affected by a non-cash increase of 139 million euros in pension-related expenses

NB: Sum of individual airline results does not add up to Air France-KLM total due to intercompany eliminations at Group level.

Restatement of income statement for capitalized costs

To improve the readability of its financial statements, the Group has decided, as from January 1, 2015, to isolate the items relating to capitalized production in a single line of the income statement (within “other income and expenses”) while they had previously been allocated by type of expenditure. The consolidated financial statements as of December 31, 2014 have been restated to facilitate comparison. The impacts of this reclassification on the 2014 income statement are the following:

In million euros	Q1 2014	Q2 2014	Q3 2014	Q4 2014	FY 2014
Aircraft maintenance costs	-84	-90	-96	-103	-373
Other external expenses	-16	-18	-17	-21	-72
Salaries and related costs	-35	-30	-31	-32	-128
Other income and expenses	135	138	145	155	573
Income from current operations	0	0	0	0	0

Modification in the conversion method of provisions in foreign currencies

The Group records provisions for future expenses in foreign currency, primarily for the restitution of aircraft under operating leases. A significant portion of these provisions is made to cover the purchase of spare parts to be purchased in US dollars whatever the functional currency of the entity. To facilitate analysis of the impacts linked to the dollar variation, the Group has decided, with effect from January 1, 2015, to isolate the foreign currency effect on provisions in “Other financial income and expenses” while it had hitherto been recorded in “Amortization, depreciation and provisions”.

Moreover, the closing rate will be used to convert provisions at the closing date. Previously, the Group had 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 reasons of comparison. The impacts of this restatement on the income statement are the following:

In million euros	Q4 2014	FY 2014
Other financial income and expenses	-12	-41
Income before tax	-12	-41
Income taxes	+4	+14
Net income for the period	-8	-27

The impacts of this restatement on the balance sheet are the following:

In million euros	1 January 2014	31 December 2014
Deferred tax assets	-3	+11
Total assets	-3	+11
Reserves and retained earnings	+6	-21
Other provisions	-9	+32
Total equity and liabilities	-3	+11

Change in the income statement presentation

The presentation of the income statement has been reviewed and the Group has decided, with effect from January 1, 2015, to integrate the cost of hired staff in “Salaries and related costs”, while it had been recorded in “External expenses”.

In million euros	FY 2014
External expenses	192
Salaries and related costs	-192
Net income for the period	0

GROUP FLEET AT 31 DECEMBER 2015

Aircraft type	AF (incl. HOP!)	KL (incl. KLC & Martinair)	Transavia	Owned	Financelease	Operating lease	Total	In operation	Change / 31/12/14
B747-400	3	22		21	1	3	25	25	-3
B777-300	40	10		9	22	19	50	50	5
B777-200	25	15		16	11	13	40	40
B787-9		2				2	2	2	2
A380-800	10			1	4	5	10	10
A340-300	13			5	5	3	13	12	-1
A330-300		5				5	5	5
A330-200	15	11		4	7	15	26	25	-2
Total Long-Haul	106	65	-	56	50	65	171	169	1
B737-900		5		1	1	3	5	5
B737-800		25	45	8	9	53	70	70	9
B737-700		18	8	3	8	15	26	26	-1
A321	21			5	6	10	21	20	-4
A320	46			8	3	35	46	43	-2
A319	38			15	10	13	38	38	-3
A318	18			11	7		18	15	-3
Total Short and Medium-Haul	123	48	53	51	44	129	224	217	-4
ATR72-600	5					5	5	5	5
ATR72-500	6			1	3	2	6	6	-5
ATR42-500	13			5	3	5	13	13
Canadair Jet 1000	14			14			14	14	1
Canadair Jet 700	14			14			14	13
Canadair Jet 100	7			7			7		-4
Embraer 190	10	30		4	15	21	40	40	2
Embraer 170	16			8	2	6	16	16
Embraer 145	18			13	5		18	16	1
Embraer 135	5			5			5		-1
Fokker 70		18		18			18	16	-3
Total Regional	108	48	-	89	28	39	156	139	-4
B747-400ERF		3		2	1		3	3	-2
B747-400BCF		3				3	3	1
B777-F	2			2			2	2
MD-11-CF		5		3	2		5	3
MD-11-F									-3
Total Cargo	2	11	-	7	3	3	13	9	-5

Total Air France-KLM	339	172	53	203	125	236	564	534	-12

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 Martinair Cargo starten strategische samenwerking met China Southern Cargo

Wed, 16 Sep 2015 11:00:00 +0200

De overeenkomst levert een combinatie op van widebody en maindeck capaciteit op de routes tussen Europa en China, en biedt toegang tot een omvangrijk netwerk met unieke bestemmingen vanuit de verschillende hubs. Air France KLM Martinair Cargo zal hierdoor de belangrijkste steden in Australië bedienen en vanuit de hub in Guangzhou maindeck capaciteit leveren naar Hanoi of Ho Chi Minh.

China Southern Cargo zal door de samenwerking vanuit Parijs-Charles de Gaulle of Amsterdam Airport Schiphol capaciteit bieden naar bestemmingen in het Noord- en Zuid-Atlantisch gebied (o.a. naar Atlanta, Miami, São Paulo en Buenos Aires), alsmede vrachtvluchten naar Afrika. Vanuit beide Europese hubs wordt bovendien naar Lagos gevlogen.

In de eerste fase van de overeenkomst zorgt een op elkaar afgestemd gebruik van de grondafhandelingsfaciliteiten op de hubs van beide luchtvaartmaatschappijen voor een sneller en naadloos transferproces.

De overeenkomst biedt bovendien wederzijdse toegang tot de netwerken van de luchtvaartmaatschappijen via Interline/SPA-overeenkomsten (Special Prorate Agreements). De partners zullen daarnaast nauwer gaan samenwerken aan hun Express & Mail Premium-producten om zo beter te kunnen inspelen op de sterke toename van e-commerce tussen Azië en Europa en de rest van de wereld.

Bram Gräber, EVP van Air France KLM Martinair Cargo, en Zhao Fengsheng, SVP van China Southern Cargo, hebben op 15 september 2015 tijdens een ceremonie in Guangzhou deze nieuwe samenwerkingsovereenkomst ondertekend.

Air France-KLM voor de 11e keer op rij nummer 1 luchtvaartmaatschappij in de DJSI 2015

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

Daarnaast houdt Air France-KLM voor het zevende achtereenvolgende jaar de eerste positie als ‘Industry Group Leader’ in de overkoepelende sector ‘Transportation’, waar zowel lucht-, spoor-, zee- en wegtransport als luchthavenactiviteiten onder vallen.

Air France-KLM zet voortdurend stappen op weg naar een duurzamere vorm van luchtvaart. KLM richt zich op meerdere gebieden, zoals het terugdringen van de impact op het milieu. Ook de integratie van duurzame ontwikkelingen in haar producten en diensten en de bevordering van een verantwoord personeelsbeleid dragen hieraan bij.

*De DJSI betreft de meest efficiënte ondernemingen op het gebied van duurzame ontwikkeling, samengesteld door RobecoSAM, een internationale vermogensbeheerder die de duurzaamheidsprestaties van ondernemingen beoordeelt.

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

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.

Staking Air France-vliegers

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

Het betreft een aangelegenheid tussen Air France en het Franse vliegerkorps en gaat over afspraken rondom Transavia. De staking duurt, zo is gecommuniceerd, naar verwachting van maandag 15 september tot maandag 22 september.

De staking van de Air France piloten heeft geen impact op de operatie van KLM. Er geldt een rebook policy. Klanten die gedupeerd zijn door de staking worden kosteloos omgeboekt.

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.

De AIR FRANCE KLM Groep Zomerdienstregeling (25 maart – 28 oktober 2012)

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

KLM-dienstregeling in vogelvlucht
Gegeven de moeilijke economische omstandigheden en hoge brandstofprijzen, wordt de KLM capaciteit deze zomerdienst, die ingaat per 25 maart, nauwelijks uitgebreid ten opzichte van vorig jaar.
Binnen dit zorgvuldig afgewogen capaciteitsbeleid consolideert KLM de groei op Midden- en Zuid-Amerika, worden twee nieuwe bestemmingen in Afrika (Luanda en Lusaka) geïntroduceerd en blijft de totaal ingezette capaciteit op Noord-Amerika en Azië vrijwel constant. KLM’s strategische positie in groot-China wordt verder versterkt door non-stop bediening van Taipei en frequentieverhoging op Hangzhou tijdens de piekzomer. Op het Midden Oosten wordt de capaciteit met acht procent gereduceerd. Ook op Europa blijft de totale capaciteit constant, maar wordt het aantal gevlogen stoelen op Zuid-Europa gereduceerd, terwijl strategische posities in Noordwest Europa versterkt worden.

KLM voegt nieuwe moderne en zuinige vliegtuigen aan de korte- en langeafstandsvloot toe ter vervanging van oude en minder efficiënte vloot.

Europa, focus op Noordwest Europa

Noordwest EuropaKLM breidt uit op Denemarken en Noorwegen met extra dagelijkse vluchten van en naar Aalborg, Billund, Stavanger en Sandefjord/Torp. In Frankrijk voegt KLM capaciteit toe van en naar Toulouse en Bordeaux en in Duitsland van en naar Bremen, Frankfurt en Stuttgart. De uitbreiding in het Verenigd Koninkrijk van vorige zomer wordt voortgezet en is uitgebreid met één frequentie van en naar Aberdeen. De drie dagelijkse vluchten naar Liverpool zijn opgeschort, maar de regio blijft bediend met zes dagelijkse vluchten van en naar Manchester.

Zuid-Europa
In Spanje is het aantal vluchten van en naar Barcelona en Madrid gereduceerd. KLM houdt het aantal verbindingen naar Madrid op peil door samenwerking met Air Europa. In Italië concentreert KLM samen met joint venture partner Alitalia alle vluchten naar Milaan op de luchthaven Linate en vergroot KLM het aantal dagelijkse vluchten naar Venetië van drie naar vier.

Oost-Europa
In Oost-Europa werkt KLM verder aan verbetering van het product door nauwe samenwerking met lokale partners. KLM verhoogt het aantal dagelijkse vluchten tussen Amsterdam en Kiev van twee naar vier, waarvan twee uitgevoerd door KLM.

Noord-Amerika, selectieve groei
Samen met Delta Airlines, partner in de Trans-Atlantische Joint Venture, verstevigt KLM de marktpositie in de Verenigde Staten en Canada. Er wordt fors geïnvesteerd in de hubs van Delta Airlines: in juni wordt de nieuwe International Terminal in Atlanta in gebruik genomen en wordt Atlanta vanaf Schiphol viermaal per dag aangevlogen. Samen met Detroit (viermaal per dag), Minneapolis (driemaal per dag) en New York JFK (driemaal per dag) worden de belangrijkste Delta Airlines hubs veertienmaal per dag bediend, waardoor het fijnmazige USA netwerk van Delta Airlines maximaal wordt ontsloten.

Dallas-Fortworth komt dit zomerseizoen terug in het netwerk met vijf frequenties per week in een Airbus A330-200. Miami wordt door Delta Airlines via Atlanta aangeboden. Washington Dulles verwelkomt de nieuwe Airbus A330-300. Op Houston wordt de capaciteit van dertien naar zeven frequenties per week gereduceerd en de service op Los Angeles wordt in het hoogseizoen (juni t/m augustus) uitgebreid met drie frequenties naar tienmaal per week.

Toronto wordt in de zomer tweemaal per dag aangeboden, Vancouver wordt aangevlogen met een Boeing 777-200, in plaats van een MD-11 en samen met Calgary, dagelijkse aangevlogen worden. Samen met partner Westjet wordt van daaruit een groot aantal secundaire Canadese bestemmingen aangeboden.

Midden- en Zuid-Amerika, voortzetting winterschema
Vluchten naar het Nederlandse deel van het Caribisch gebied blijven onverminderd populair. Het aantal frequenties wordt in lijn met afgelopen winter doorgetrokken en bedraagt veertienmaal per week.
Havana (Cuba) wordt driemaal per week als rechtstreekse dienst aangevlogen. Punta Cana (Dominicaanse Republiek) wordt door Air France via Parijs aangeboden.

Op Panama wordt de dagelijkse service die afgelopen winter is geïntroduceerd gecontinueerd. Daarnaast zijn doorverbindingen naar bestemmingen in Midden-Amerika met partner Copa Airlines verder verbeterd, door verkorte aansluitingstijden.

Zuid-Amerika blijft een belangrijke groeimarkt voor KLM. De capaciteitsgroei die afgelopen winter is ingezet, wordt dit zomerseizoen voortgezet.

Rio de Janeiro (Brazilië) en Buenos Aires (Argentinië) zijn afgelopen winter als nieuwe bestemmingen aan het netwerk toegevoegd. Beide metropolen worden driemaal per week rechtstreeks bediend en op Buenos Aires is de capaciteit vergroot door de inzet van een Boeing 777-300. In samenwerking met partners Gol en Aerolineas Argentinas wordt via São Paulo (Brazilië), Rio de Janeiro en Buenos Aires een groot aantal secundaire bestemmingen in Zuid-Amerika aangeboden.

Het aantal frequenties naar Quito/Guayaquil (Ecuador) is ten opzichte van afgelopen winter uitgebreid van drie- naar viermaal per week. Op Paramaribo wordt een Boeing 747-400 ingezet. Het aantal diensten bedraagt viermaal per week in het hoogseizoen (juli en augustus) en driemaal per week daarbuiten.

Afrika, nieuwe bestemmingen
De oliebestemming Luanda (Angola) wordt toegevoegd aan het KLM netwerk per 27 maart. De vluchten worden op dinsdag en vrijdag in een nacht/nacht schema uitgevoerd, complementair aan het Air France vluchtschema.
Daarnaast wordt Lusaka (Zambia) aan het netwerk toegevoegd met drie wekelijkse vluchten per 15 mei. Zambia heeft dankzij de mijnbouw een sterke economische groei. Ook in toeristisch opzicht biedt Zambia vele mogelijkheden, met name geconcentreerd rond de stad Livingstone, vlakbij de Victoria Watervallen.

Het aantal vluchten op Entebbe (Uganda) en Kigali (Rwanda) is uitgebreid tot zesmaal per week. De nieuwe Airbus A330-300 wordt ingezet op de West-Afrikaanse bestemmingen Lagos (Nigeria) en Accra (Ghana).

KLM bedient Caïro (Egypte) deze zomer driemaal per week met een Boeing 777-200. KLM heeft de intentie om per mei 2012 weer naar Tripoli (Libië) te gaan vliegen.

Midden Oosten, productiebeperking en product verbetering
KLM verbetert het Midden Oosten product door vijfmaal per week een rechtstreekse dienst van en naar Doha (Qatar) aan te bieden, met een doorverbinding naar Muscat (Oman). Tevens is het aantal frequenties op Dammam (Saoedi-Arabië) uitgebreid van vijfmaal per week naar een dagelijkse vlucht en wordt uitgevoerd in combinatie met Koeweit. Abu Dhabi (VAE) en Bahrein worden vijfmaal per week bediend. Tussen Bahrein en Dammam kan gebruik worden gemaakt van een limo-service, zodat beide bestemmingen optimaal zijn bediend.
Het aantal stoelen van de Dubai (VAE) middagvlucht is uitgebreid. De Dubai avondvlucht wordt in de zomer opgeschort.

KLM handhaaft zes wekelijkse vluchten naar Teheran (Iran).

Azië, consolideren sterke positie
In de regio groot-China blijft KLM sterk aanwezig. Naast het continueren van de bestemmingen die de afgelopen twee jaar zijn opgestart (Chengdu, Hangzhou en Xiamen) wordt een rechtstreekse en dagelijkse service naar Taipei (Taiwan) geïntroduceerd, met een doorverbinding naar Manilla. In het hoofdseizoen (juni t/m september) wordt Hangzhou viermaal per week bediend. In samenwerking met KLM, verhoogt partner China Southern Airlines het aantal frequenties tussen Guangzhou en Amsterdam van driemaal per week naar een dagelijks product.

De capaciteit op Japan is, door het sterke herstel van de vraag, terug op het niveau van voor de aardbeving en tsunami van begin 2011. Dit betekent tien wekelijkse vluchten naar Tokio Narita en een dagelijkse vlucht naar Osaka.

In Zuid-Oost Azië wordt Bangkok (Thailand) dagelijks en non-stop bediend, waar Bangkok tot op heden gecombineerd was met Taipei, met als resultaat een toename van het aantal stoelen. Het aantal vluchten naar Denpasar (Bali, Indonesië) is van viermaal naar zevenmaal per week opgevoerd, met een tussenstop in Singapore.

Delhi (India) wordt aangeboden met een Airbus A330-200, in plaats van een MD-11.

Vloot
KLM blijft investeren in schone en efficiënte vliegtuigen om optimale service aan de klant te garanderen.

Aan de lange-afstandsvloot worden twee nieuwe Boeing 777-300’s en drie nieuwe Airbus A330-300 ER’s toegevoegd. Ook wordt een start gemaakt met de uitfasering van de McDonnell Douglas MD-11, waarbij de nieuw instromende vloot ter overbrugging dient.

De middellange-afstandsvloot bestaat deze zomer volledig uit nieuwe generatie Boeing 737-toestellen.

Aan de korte-afstandsvloot worden vijf nieuwe Embraers 190 toegevoegd en worden de Fokker 100’s gedurende het jaar uitgefaseerd.

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De AIR FRANCE KLM Groep Zomerdienstregeling (25 maart – 28 oktober 2012)