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Air France-KLM reports operating profit in 2Q2013, targeting better 2H2013

29-Jul-2013 12:51 PM

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

  • Three months ended 30-Jun-2013:
    • Revenue: EUR6580 million, +1.2% year-on-year;
      • Passenger: EUR5159 million, +0.6%;
      • Cargo: EUR705 million, -7.7%;
    • Costs:
      • Fuel: EUR1741 million, -7.7%;
      • Labour: EUR1971 million, -0.6%;
    • Operating profit (loss): EUR79 million, compared to a loss of EUR79 million in p-c-p;
      • Transavia: (EUR3 million), compared to a loss of EUR1 million in p-c-p;
    • Net profit (loss): (EUR163 million), compared to a loss of EUR897 million in p-c-p;
    • Passenger traffic (RPKs): +3.2%;
    • Passenger load factor: 83.2%, +0.5 ppt;
    • Passenger yield: EUR 8.55 cents, -2.5%;
    • Unit passenger revenue per ASK: EUR 7.11 cents, -1.9%;
    • Unit passenger cost per ASK: EUR 6.98 cents, -4.9%;
    • Cargo traffic (RFTK): -5.8%;
    • Cargo load factor: 63.0%, -1.0 ppt;
    • Cargo yield: EUR 25.96 cents, -3.5%;
    • Unit cargo revenue per ATK: EUR 16.34 cents, -5.2%;
    • Unit cargo cost per ATK: EUR 17.58 cents, -6.3%;
    • Transavia:
      • Passenger traffic: +19.6%;
      • Passenger load factor: 91.5%, +4.3 ppts;
      • Passenger yield: EUR 5.23 cents, -3.7%;
  • Six months ended 30-Jun-2013:
    • Revenue: EUR12,301 million, +1.3%;
      • Passenger: EUR9649 million, +0.9%;
      • Cargo: EUR1405 million, -6.8%;
    • Costs:
      • Fuel: EUR3408 million, -4.5%;
      • Labour: EUR3863 million, -1.1%;
    • Operating profit (loss): (EUR451 million), compared to a loss of EUR690 million in p-c-p;
      • Transavia: (EUR54 million), compared to a loss of EUR46 million in p-c-p;
    • Net profit (loss): (EUR793 million), compared to a loss of EUR1276 million in p-c-p;
    • Passenger traffic: +2.0%;
    • Passenger load factor: 82.7%, +0.5 ppt;
    • Passenger yield: EUR 8.37 cents, -1.1%;
    • Unit revenue per ASK: EUR 6.92 cents, -0.5%;
    • Unit cost per ASK: EUR 7.19 cents, -2.8%;
    • Cargo traffic: -6.3%;
    • Cargo load factor: 63.0%, -1.4 ppt;
    • Cargo yield: EUR 26.55 cents, -1.3%;
    • Unit cargo revenue per ATK: EUR 16.72 cents, -3.6%;
    • Unit cargo cost per ATK: EUR 18.00 cents, -5.2%;
    • Transavia:
      • Passenger traffic: +19.6%;
      • Passenger load factor: 89.5%, +3.6 ppts;
      • Passenger yield: EUR 5.07 cents, -3.2%;
    • Total assets: EUR27,572 million;
    • Cash and cash equivalents: EUR4053 million;
    • Total liabilities: EUR24,602 million. [more - original PR]

Air France-KLM: “Based on our strict capacity discipline, a good level of bookings for the Summer season, slightly higher unit revenues in the passenger business and a fuel bill of around 4.8 billion dollars based on the forward curve at July 19th 2013, the Group’s objective, in the current market conditions, is an improvement in the Second Half 2013 operating result in line with that of the First Half.” Source: Company statement, 26-Jul-2013.