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Air France-KLM remains in the red in 2012

25-Feb-2013 1:40 PM

Air France-KLM revenue up 5% – financial highlights:

  • Three months ended 31-Dec-2012:
    • Revenue: EUR6304 million, +4.6% year-on-year;
      • Passenger: EUR4932 million, +5.3%;
      • Cargo: EUR791 million, -1.4%;
      • Transavia: EUR157 million, +6.0%;
    • Costs:
      • Fuel: EUR1789 million, +10.3%;
      • Labour: EUR1898 million, +1.7%;
    • Operating profit (loss): (EUR143 million), compared to a loss of EUR202 million in p-c-p;
      • Passenger: (EUR137 million), compared to a loss of EUR224 million in p-c-p;
      • Cargo: EUR25 million, compared to breakeven in p-c-p;
      • Transavia: (EUR24 million), compared to a loss of EUR23 million in p-c-p;
    • Net profit (loss): (EUR235 million), compared to a loss of EUR259 million in p-c-p;
    • Passenger traffic (RPKs): stable;
    • Passenger load factor: 81.9%, +0.2 ppt;
    • Passenger yield: EUR 8.69 cents, +5.6%;
    • Passenger revenue per ASK: EUR 7.12 cents, +5.8%;
    • Passenger costs per ASK: EUR 7.32 cents, +3.6%;
    • Cargo traffic: -5.9%;
    • Cargo load factor: 67.4%, -0.2 ppt;
    • Cargo yield: EUR 27.8 cents, +4.8%;
  • 12 months ended 31-Dec-2012:
    • Revenue: EUR25,633 million, +5.2%;
      • Passenger: EUR20,186 million, +7.2%;
      • Cargo: EUR3057 million, -2.7%;
      • Transavia: EUR889 million, +8.9%;
    • Costs:
      • Fuel: EUR7328 million, +13.8%;
      • Labour: EUR7660 million, +2.7%;
    • Operating profit (loss): (EUR300 million), compared to a loss of EUR353 million in p-c-p;
      • Passenger: (EUR235 million), compared to a loss of EUR375 million in p-c-p;
      • Cargo: (EUR222 million), compared to a loss of EUR60 million in p-c-p;
      • Transavia: (EUR1 million), compared to a loss of EUR5 million in pc—p;
    • Net profit (loss): (EUR1192 million), compared to a loss of EUR809 million in p-c-p;
    • Passenger traffic: +2.1%;
    • Passenger load factor: 83.1%, +1.2 ppt;
    • Passenger yield: EUR 8.60 cents, +4.4%;
    • Passenger revenue per ASK: EUR 7.15 cents, +5.9%;
    • Passenger costs per ASK: EUR 7.24 cents, +4.9%;
    • Cargo traffic: -6.3%;
    • Cargo load factor: 64.5%, -1.9 ppt;
    • Cargo yield: EUR 27.15 cents, +3.0%;
    • Total assets: EUR27,474 million, +0.6%;
    • Cash and cash equivalents: EUR3420 million, +49.8%;
    • Total liabilities: EUR22,494 million, +6.0%. [more – original PR]

Air France-KLM: “2013 has started amid an uncertain environment with further volatility in the fuel price and currencies. Against this backdrop, the group will maintain strict control over capacity and investments. At the same time, the 'Transform 2015' plan will be fully rolled out. In these conditions, the group's objective is to reduce both unit cost at constant currency and fuel price and net debt.” Source: Company statement, 22-Feb-2013.