Air France-KLM operating loss narrows in 1Q2013

Air France-KLM revenue up 1% - financial highlights for three months ended 31-Mar-2013:

• Revenue: EUR5721 million, +1.3 year-on-year;
  • Passenger: EUR4490 million, +1.4%;
  • Cargo: EUR700 million, -5.9%;
• Operating costs:
  • Labour: EUR1892 million, -1.7%;
  • Fuel: EUR1667 million, -0.8%;
• Operating profit (loss): (EUR530 million), compared to a loss of EUR611 million in p-c-p;
• Net profit (loss): (EUR630 million), compared to a loss of EUR379 million in p-c-p;
• Passenger traffic (RPKs): +0.8%;
• Passenger load factor: 82.1%, +0.5 ppt;
• Passenger yield: EUR 8.17 cents, +0.6%;
• Passenger revenue per ASK: EUR 6.71 cents, +1.2%;
• Passenger cost per ASK: EUR 7.41 cents, -0.4%;
• Cargo traffic: -6.9%;
• Cargo load factor: 63.0%, -1.9 ppt;
• Cargo yield: EUR 27.17 cents, +1.0%;
• Total assets: EUR27,879 million, +4.3% when compared to period ended 31-Dec-2012;
• Cash and cash equivalents: EUR3730 million, +9.1% when compared to period ended 31-Dec-2012;
• Total liabilities: EUR24,290 million, +5.2% when compared to period ended 31-Dec-2012. [more - original PR]

Air France-KLM: "In a difficult and uncertain environment, the group continues the implementation of Transform 2015 which remains on track. It confirms its objectives for 2013, of a reduction in unit cost on a constant currency and fuel price basis, and a reduction of net debt." Source: Company statement, 03-May-2013.