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Air France-KLM losses widen in 2011

9-Mar-2012 3:15 PM

Air France-KLM revenue up 2% - financial highlights:

  • Three months ended 31-Dec-2011:
    • Revenue: EUR6028 million, +1.8% year-on-year;
    • Costs: EUR6262 million, +6.8%;
      • Fuel: EUR1622 million, +20.1%;
      • Labour: EUR1866 million, +1.4%;
    • Operating profit (loss): (EUR202 million), compared to a profit of EUR81 million in p-c-p;
    • Net profit (loss): (EUR259 million), compared to a loss of EUR46 million in p-c-p;
    • Passenger traffic (RPKs): +6.6%;
    • Passenger load factor: 81.8%, +0.4 ppt;
    • Passenger yield: EUR 8.25 cents, -3.2%;
    • Passenger revenue per ASK: EUR 6.74 cents, -2.6%;
    • Passenger cost per ASK: EUR 6.99 cents, +2.1%;
    • Cargo traffic (FTKs): -4.7%;
    • Cargo load factor: 67.5%, -2.9 ppts;
    • Cargo yield: EUR 26.52 cents, +0.4%;
    • Cargo revenue per AFTK: EUR 17.90 cents, -3.8%;
    • Cargo cost per AFTK: EUR 17.63 cents, +4.2%;
  • 12 months ended 31-Dec-2011:
    • Revenue: EUR24,363 million, +4.5%;
    • Costs: EUR24,865 million, +5.7%;
      • Fuel: EUR6438 million, +16.3%;
      • Labour: EUR7460 million, +1.0%;
    • Operating profit (loss): (EUR353 million), compared to a profit of EUR28 million in p-c-p;
    • Net profit (loss): (EUR809 million), compared to a profit of EUR289 million in p-c-p;
    • Passenger traffic: +6.9%;
    • Passenger load factor: 82.0%, +0.3 ppt;
    • Passenger yield: EUR 8.29 cents, -1.6%;
    • Passenger revenue per ASK: EUR 6.80 cents, -1.2%;
    • Passenger cost per ASK: EUR 6.86 cents, +0.4%;
    • Cargo traffic: -1.3%;
    • Cargo load factor: 66.4%, -2.5 ppts;
    • Cargo yield: EUR 26.37 cents, +3.7%;
    • Cargo revenue per AFTK: EUR 17.50 cents, +0.1%;
    • Cargo cost per AFTK: EUR 17.59 cents, +2.7%;
    • Total assets: EUR27,317 million, -3.1%;
    • Cash and cash equivalents: EUR2283 million, -34.7%;
    • Total liabilities: EUR21,223 million, +0.4%. [more - original PR]

Air France-KLM: “As regards Financial Year 2012, the economic outlook remains uncertain while the fuel price remains at a record level in euros. The fuel bill is estimated to increase by EUR1.1 billion. As a result, the operating result of the First Half will be below that of the previous year. However, the Second Half should benefit from the first effects of the three year plan. Furthermore, the Board of Directors has fixed an objective of net debt of a maximum of EUR6.5 billion at the end of 2102.” Source: Company statement, 08-Mar-2012.