Air France-KLM Group operating profit down 58% in 1H2019

Air France-KLM Group reported (31-Jul-2019) the following financial highlights:

• Three months ended 30-Jun-2019:
  • Revenue: EUR7050 million, +6.4% year-on-year;
    
    • Network: EUR6016 million, +5.6%;
      
      • Passenger: EUR5482 million, +6.4%;
      • Cargo: EUR534 million, -1.7%;
    • Transavia: EUR500 million, +10.4%;
    • Maintenance: EUR1120 million, +11.2%;
  • Costs:
    
    • Labour: EUR2048 million, +4.6%;
    • Fuel: EUR1404 million, +18.6%;
  • Operating profit: EUR400 million, +15.6%;
    
    • Network: EUR291 million, +23.3%;
    • Transavia: EUR52 million, -14.8%;
    • Maintenance: EUR55 million, +19.6%;
  • Net profit: EUR81 million, -26.4%;
  • Revenue per ASK: EUR 7.28 cents, stable;
  • Passenger revenue per ASK: EUR 6.75 cents, +2.4%;
    
    • Passenger network: EUR 6.94 cents, +2.6%;
    • Transavia: EUR 5.24 cents, +1.3%;
  • Cargo revenue per AFTK: EUR 12.54 cents, -5.1%;
  • Cost per ASK: EUR 6.82 cents, -0.3%;
• Six months ended Jun-2019:
  
  • Revenue: EUR13,036 million, +4.9% year-on-year;
    
    • Network: EUR11,191 million, +3.8%;
      
      • Passenger: EUR10,110 million, +4.2%;
      • Cargo: EUR1081 million, -0.5%;
    • Transavia: EUR748 million, +8.7%;
    • Maintenance: EUR2290 million, +10.0%;
  • Costs:
    
    • Labour: EUR4020 million, +5.5%;
    • Fuel: EUR2605 million, +16.0%;
  • Operating profit (loss): EUR97 million, -57.5%;
    
    • Network: EUR12 million, -92.0%;
    • Transavia: (EUR19 million), compared to a profit of EUR3 million in p-c-p;
    • Maintenance: EUR102 million, +41.7%;
  • Net profit (loss): (EUR239 million), +51.3%;
  • Revenue per ASK: EUR 7.05 cents, +0.2%;
  • Passenger revenue per ASK: EUR 6.48 cents, +0.8%;
    
    • Passenger network: EUR 6.65 cents, +1.0%;
    • Transavia: EUR 4.83 cents, -0.4%;
  • Cargo revenue per AFTK: EUR 13.09 cents, -3.6%;
  • Cost per ASK: EUR 6.99 cents, +0.4%;
  • Total assets: EUR30,532 million;
    
    • Cash and cash equivalents: EUR4418 million;
  • Total liabilities: EUR28,942 million. [more - original PR]