Air France-KLM registers EUR3.4bn operating loss in 9M2020

Air France-KLM reported (30-Oct-2020) the following financial highlights:

• Three months ended 30-Sep-2020:
  • Revenue: EUR2524 million, -66.8% year-on-year;
    • Network: EUR2004 million, -68.6%;
      • Passenger: EUR1329 million, -77.4%;
      • Cargo: EUR676 million, +31.7%;
    • Transavia: EUR262 million, -60.6%;
    • Maintenance: EUR616 million, -47.1%;
  • Costs:
    • Labour: EUR1293 million, -35.7%;
    • Fuel: EUR489 million, -67.7%;
    • Aircraft maintenance costs: EUR331 million, -47.0%;
  • Operating profit (loss): (EUR1046 million), compared to a profit of EUR909 million in p-c-p;
    
    • Network: (EUR990 million), compared to a profit of EUR659 million in p-c-p;
    • Transavia: (EUR13 million), compared to a profit of EUR176 million in p-c-p;
    • Maintenance: (EUR41 million), compared to a profit of EUR71 million in p-c-p;
  • Revenue per ASK: EUR 4.01 cents, -42.7%;
    • Passenger network: EUR 3.94 cents, -45.2%;
  • Cost per ASK: EUR 8.31 cents, +26.7%;
  • Net profit (loss): (EUR1665 million), compared to a profit of EUR362 million in p-c-p;
• Nine months ended 30-Sep-2020:
  • Revenue: EUR8725 million, -57.6%;
    • Network: EUR7220 million, -58.8%;
      • Passenger: EUR5512 million, -65.4%;
      • Cargo: EUR1708 million, +7.1%;
    • Transavia: EUR521 million, -62.9%;
    • Maintenance: EUR2255 million, -34.7%;
  • Costs:
    • Labour: EUR4224 million, -30.0%;
    • Fuel: EUR1886 million, -54.2%;
    • Aircraft maintenance costs: EUR1243 million, -35.3%;
  • Operating profit (loss): (EUR3414 million), compared to a profit of EUR1046 million in p-c-p;
    
    • Network: (EUR2842 million), compared to a profit of EUR713 million in p-c-p;
    • Transavia: (EUR206 million), compared to a loss of EUR158 million in p-c-p;
    • Maintenance: (EUR366 million), compared to a profit of EUR170 million in p-c-p;
  • Revenue per ASK: EUR 5.05 cents, -24.5%;
    • Passenger network: EUR 5.10 cents, -25.4%;
  • Cost per ASK: EUR 9.33 cents, +36.7%;
  • Net profit (loss): (EUR6078 million), compared to a loss of EUR135 million in p-c-p;
  • Total assets: EUR29,585 million;
    • Cash and cash equivalents: EUR5917 million;
  • Total liabilities: EUR34,258 million. [more - original PR]