Air France-KLM revenue down 16%, remains in the red in 3QFY2010
Air France-KLM revenue down 16% - financial/traffic highlights for the three months ended 31-Dec-2009:
- Revenue: EUR5,198 million, -16.0% year-on-year;
- External cost: EUR3,121 million, -24.3%;
- Fuel: EUR1,053 million, -38.5%;
- Labour: EUR1,854 million, +0.2%;
- Operating profit (loss): (EUR245 million), compared to a loss of EUR243 million in the previous corresponding period;
- Profit (loss) before tax: (EUR391 million), compared to a loss of EUR723 million in the previous corresponding period;
- Net profit (loss): (EUR294 million), compared to a loss of EUR506 million in the previous corresponding period;
- Passenger traffic (RPKs): -4.0%;
- Load factor: 80.2%, +0.6 ppt;
- Passenger revenue per RPK: EUR 7.80 cents, -11.2%;
- Passenger revenue per ASK: EUR 6.25 cents, -10.5%;
- Passenger cost per ASK: EUR 6.48 cents, -8.9%;
- Cargo traffic: -14.4%;
- Cargo revenue per RTK: EUR 21.87 cents, -13.5%;
- Cargo revenue per ATK: EUR 15.25 cents, -8.6%;
- Cargo cost per ATK: EUR 15.72 cents, -13.2%. [more][more - Perspective]
Air France-KLM: "The operating loss for the Fourth Quarter should be of the same order as last year's, taking into account a later than expected pick up in unit revenues, lower capacities (in the region of -2% for passenger and -7% for cargo) and an increase of some 300 million dollars in the fuel bill. For the Financial Year 2010-11, all the measures to reduce costs, the anticipated slight progression in unit revenues, the launch of the new medium-haul product and the restructuring of the cargo business already underway enable us to target the objective, already announced, of a return to operating break-even excluding the impact of pre-2009 hedges," Company statement. Source: Air France-KLM, 10-Feb-2010.