Network airlines activity (Air France, KLM, HOP!)

• 5.4 million passengers, +0.8%
• Unit revenue per available seat kilometer (RASK) ex-currency down compared to February 2014, reflecting the expected capacity-demand balances: good performance on North America, the Caribbean-Indian Ocean region and point-to-point, unit revenues under pressure on Asia, Africa, Middle East and Latin America

Transavia activity

• 0.5 million passengers, +14.8%
• Ongoing accelerated development of Transavia: strong traffic growth combined with increased load factor

Total group passenger activity

• 5.9 million passengers, +1.9%

Cargo activity

• Unit revenue per available ton kilometer (RATK) ex-currency down compared to February 2014, impacted notably by the change in business mix (13% reduction in full-freighter capacity)

Agenda

• 8 April 2015: March 2015 traffic
• 30 April 2015: Results of the First Quarter of 2015
• 11 May 2015: April 2015 traffic

Passenger business
February 2013 saw stable traffic and capacity, as well as load factor at 80.4%. The group flew 5.34 million passengers the same number as in in February 2012. Unit revenues per available seat kilometre (RASK) ex-currency increased compared with February 2012.

• On the Americas network traffic declined by 1.8% while capacity was reduced by 0.9%, leading to a 0.8 point drop in load factor to 83.8%. 
• The Asia network recorded a rise of 4.4% in traffic for capacity up by 3.2%. The load factor gained one point to 85.4%.
• On the Africa and Middle East network, traffic declined by 2.3% with capacity reduced by 2.7%. The load factor gained 0.3 points to 77.5%. 
• The Caribbean and Indian Ocean network recorded a 4.7% drop in traffic, in line with the 4.8% drop in capacity. The load factor gained 0.2 points to 87.4%.
• The European network, which was most affected by industrial action in February 2012, recorded a 2.0% increase in traffic for capacity up by 2.7%. The load factor stood at 68.6%, down 0.5 points.

Cargo business
In the context of Chinese New Year, cargo recorded a 4.3% decline in traffic, in line with a 4.2% reduction in capacity. The load factor was stable at 63.6%. Unit revenue per available tonne kilometre (RATK) ex-currency increased compared with February 2012.

Recent developments

• Air France-KLM announced its Summer 2013 program. Capacity growth will be limited to 1.5% of which +2.4% on long-haul and -2.1% on medium-haul.  Long haul development will be focused on the most dynamic markets of Africa, Asia and Latin America. The medium-haul program reflects the planned changes under ‘Transform 2015’: 6% reduction in point-to-point, densification of rotations, reduction in turn-around times, and addition of seats on the B737s.
• On 20th February 2013, Air France and three unions representing the cabin crew signed a statement of agreements, enabling the drafting of a new collective agreement facilitating the necessary productivity gains in the framework of Transform 2015. Between now and March 14, these three unions will consult their members on the content of this agreement.

February activity was affected by strike action at Air France. Elsewhere, the extra day relative to February 2011 represented an additional 3.5% of activity.

Passenger businessFebruary 2012 passenger activity posted a 6.2% increase in traffic for capacity up by 2.5%, leading to a 2.8 point improvement in load factor to 80.5%. Passenger numbers stood at 5.34 million (+5.0%). Unit revenue per available seat kilometre (RASK) was up, but was not sufficient to offset the increase in the fuel bill.

• On the Americas network, traffic increased by 13.1% and capacity by 4.8%, leading to a 6.1 point gain in the load factor to 84.5%. While the increase in capacity was primarily linked to the Latin American network, the increase in traffic occurred on both the North and Latin American networks.
• The Asia network posted a traffic increase in line with that of capacity (+1.6% and +1.9% respectively), with the load factor virtually unchanged at 84.3% (-0.3 point).
• The Africa and Middle East network saw a 6.9% increase in traffic with capacity up by 3.1% thanks to the dynamic Africa network. As a result, the load factor gained 2.7 points to 77.2%.
• On the Caribbean and Indian Ocean network, traffic rose by 1.1% for a 0.6% reduction in capacity, the load factor gaining 1.4 points to 87.2%.
• The European network, most affected by the strike action, recorded a traffic increase of 4.9% for capacity up by 1.2%. The load factor stood at 69.1%, up 2.4 points.

Cargo business
Cargo recorded a 5.1% fall in traffic for a very limited increase in capacity (+0.8%), leading to a 4.0 points decline in load factor to 63.7%. Unit revenue per available tonne kilometre ex-currency (RATK) was down relative to February 2011 on the back of the decline in volumes, but unit revenue per revenue ton-kilometre held up well.

Recent developments

• Air France-KLM announced its Summer 2012 Schedule with capacity growth limited to 0.6%, of which +0.8% in long haul and -0.2 % in medium haul excluding the provincial bases. Including the launch of the Marseille, Toulouse and Nice bases, where the Group’s medium-haul business will see a 3.0% increase, total capacity will increase to 1.4%.
• KLM and Kenya Airways will shortly launch a twice-weekly joint cargo service between Nairobi and the Guangdong industrial zone in China. They are the first carriers to offer a non-stop cargo service between Africa and China.
• Air France is pursuing the development of its Marseille base with the launch of a twice-weekly non-stop service to Berlin, increasing the number of destinations served on departure from Marseille this summer to 34.