Loading
6-May-2013 1:37 PM

Air France-KLM operating loss narrows in 1Q2013

Air France-KLM revenue up 1% - financial highlights for three months ended 31-Mar-2013:

  • Revenue: EUR5721 million, +1.3 year-on-year;
    • Passenger: EUR4490 million, +1.4%;
    • Cargo: EUR700 million, -5.9%;
  • Operating costs:
    • Labour: EUR1892 million, -1.7%;
    • Fuel: EUR1667 million, -0.8%;
  • Operating profit (loss): (EUR530 million), compared to a loss of EUR611 million in p-c-p;
  • Net profit (loss): (EUR630 million), compared to a loss of EUR379 million in p-c-p;
  • Passenger traffic (RPKs): +0.8%;
  • Passenger load factor: 82.1%, +0.5 ppt;
  • Passenger yield: EUR 8.17 cents, +0.6%;
  • Passenger revenue per ASK: EUR 6.71 cents, +1.2%;
  • Passenger cost per ASK: EUR 7.41 cents, -0.4%;
  • Cargo traffic: -6.9%;
  • Cargo load factor: 63.0%, -1.9 ppt;
  • Cargo yield: EUR 27.17 cents, +1.0%;
  • Total assets: EUR27,879 million, +4.3% when compared to period ended 31-Dec-2012;
  • Cash and cash equivalents: EUR3730 million, +9.1% when compared to period ended 31-Dec-2012;
  • Total liabilities: EUR24,290 million, +5.2% when compared to period ended 31-Dec-2012. [more - original PR]

Air France-KLM: “In a difficult and uncertain environment, the group continues the implementation of Transform 2015 which remains on track. It confirms its objectives for 2013, of a reduction in unit cost on a constant currency and fuel price basis, and a reduction of net debt.” Source: Company statement, 03-May-2013.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More