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Air France-KLM reports full year profits in FY2011

20-May-2011 1:12 PM

Air France-KLM revenue up 6% - financial highlights:

  • Three months ended 31-Mar-2011:
    • Revenue: EUR5326 million, +6.1% year-on-year;
    • Costs:
      • Labour: EUR1802 million, -2.8%;
      • Fuel: EUR1426 million, +15.0%;
    • Operating profit (loss): (EUR403 million), compared with a loss of EUR497 million in p-c-p;
    • Net profit (loss): (EUR367 million), compared with a loss of EUR691 million in p-c-p;
    • Passenger yield: EUR 8.08 cents, +1.9%;
    • Passenger revenue per ASK: EUR 6.34 cents, +1.5%;
    • Passenger cost per ASK: EUR 6.84 cents, 6.84 cents, +0.5%;
    • Cargo yield: EUR 26.46 cents, +14.4%;
    • Cargo revenue per ATK: EUR 17.92 cents, +11.4%;
    • Cargo cost per ATK: EUR 17.90 cents, +2.9%;
  • 12 months ended 31-Mar-2011:
    • Revenue: EUR23,615 million, +12.5%;
    • Costs:
      • Labour: EUR7333 million, -1.4%;
      • Fuel: EUR5720 million, +21.1%;
    • Operating profit: EUR122 million, compared with a loss of EUR1285 million in p-c-p;
    • Net profit: EUR613 million, compared with a loss of EUR1559 million in p-c-p;
    • Passenger yield: EUR 8.44 cents, +10.4%;
    • Passenger revenue per ASK: EUR 6.89 cents, +11.7%;
    • Passenger cost per ASK: EUR 6.82 cents, +5.5%;
    • Cargo yield: EUR 26.20 cents, +26.3%;
    • Cargo revenue per ATK: EUR 17.92 cents, +29.9%;
    • Cargo cost per ATK: EUR 17.25 cents, +6.9%;
    • Total assets: EUR28,969 million, +4.3%;
    • Cash and cash equivalents: EUR3717 million, -0.9%;
    • Total liabilities: EUR22,063 million, -1.3%. [more]

Air France-KLM: “If market conditions require (economic growth trend, negative impact of higher oil prices on demand), the group has the flexibility to adapt by lowering capacity. However, forward bookings show a positive trend for the coming months. The measures undertaken during the economic crisis have strengthened the position of the Air France-KLM group, leaving it well equipped to face the uncertain environment created, in particular by the geopolitical events since the beginning of 2011. In this context our objective is to generate higher operating income than in 2010,” Company statement. Source: Air France-KLM, 19-May-2011.