Air France-KLM operating profit more than doubles in 2Q2014

Air France-KLM revenue down 1% - financial highlights:

• Three months ended 30-Jun-2014:
• • Revenue: EUR6451 million, -1.4% year-on-year;
  • • Passenger: EUR5112 million, -0.2%;
    • Cargo: EUR669 million, -5.1%;
  • Operating profit: EUR238 million, +154%;
  • • Air France: EUR98 million, compared to a loss of EUR3 million in p-c-p;
    • KLM: EUR140 million, +63%;
  • Net profit (loss): (EUR6 million), compared to a loss of EUR158 million in p-c-p;
  • Passenger yield: EUR 8.27 cents, -2.9%;
  • Cargo yield: EUR 25.30 cents, -2.5%;
• Six months ended 30-Jun-2014:
• • Revenue: EUR12,005 million, -1.8%;
  • • Passenger: EUR9477 million, -1.0%;
    • Cargo: EUR1344 million, -4.3%;
  • Operating profit (loss): (EUR207 million), compared to a loss of EUR448 million in p-c-p;
  • • Air France: (EUR180 million), compared to a loss of EUR373 million in p-c-p;
    • KLM: (EUR34 million), compared to a loss of EUR77 million in p-c-p;
  • Net profit (loss): (EUR614 million), compared to a loss of EUR799 million in p-c-p;
  • Passenger yield: EUR 8.08 cents, -3.1%;
  • Cargo yield: EUR 25.43 cents, -4.2%;
  • Total assets: EUR24,684 million;
  • Cash and cash equivalents: EUR3298 million;
  • Total liabilities: EUR23,616 million. [more - original PR]

Air France-KLM: "2014 EBITDA is expected to be between 2.2 and 2.3 billion euros. Strong capital discipline will enable the group to remain on track in terms of debt reduction and achieve its objective of 4.5 billion euros in net debt in 2015." Source: Company statement, 25-Jul-2014.