Air France-KLM operating profit up 29% in 3Q2013, maintains 2H forecast

Air France-KLM revenue stable - financial highlights for three months ended 30-Sep-2013:

• Revenue: EUR7212 million, +0.4% year-on-year;
• • Passenger: EUR5735 million, +0.7%;
  • Cargo: EUR687 million, -9.4%;
• Costs:
• • Fuel: EUR1863 million, -5.5%;
  • Labour: EUR1865 million, -1.7%;
• Operating profit: EUR634 million, +29.1%;
• Net profit: EUR144 million, -51.4%;
• Passenger traffic (RPKs): +2.5%;
• Passenger load factor: 86.9%, +0.9 ppt;
• Passenger yield: EUR 8.62 cents, -1.7%;
• Passenger revenue per ASK: EUR 7.49 cents, -0.6%;
• Passenger cost per ASK: EUR 6.70 cents, -3.2%;
• Cargo traffic (RFTKs): -3.8%;
• Cargo load factor: 60.4%, -1.5 ppt;
• Cargo yield: EUR 25.11 cents, -7.0%;
• Total assets: EUR26,819 million;
• Cash and cash equivalents: EUR3716 million;
• Total liabilities: EUR23,588 million. [more - original PR]

Air France-KLM: "Based on a fuel bill of 2.3 billion dollars (forward curve at 18th October 2013) and within an economic environment that remains highly volatile, the Group maintains its target of an improvement in second half operating result in line with that of the first half." Source: Company statement, 31-Oct-2013.