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Air France-KLM operating loss narrows in 1Q2013

6-May-2013 1:37 PM

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.