Air France-KLM reports strong operating profit growth in 2015

Air France-KLM revenue up 2% - financial highlights:

• Three months ended 31-Dec-2015:
• • Revenue: EUR6346 million, +2.2% year-on-year;
  • • Maintenance: EUR1080 million, +17.5%;
  • Costs:
  • • Labour: EUR1980 million, +4.7%;
    • Fuel: EUR1363 million, -20.0%;
  • Operating profit: EUR365 million, -43%;
  • Net profit: EUR280 million, -11%;
  • Passenger numbers: 19.2 million, +0.3%;
  • Passenger load factor: 83.9%, +0.7 ppt;
  • Passenger yield: EUR 8.44 cents, +1.3%;
  • Passenger revenue per ASK: EUR 7.08 cents, +2.1%;
  • Cargo volume: 309,000 tons, -7.7%;
  • Cargo yield: EUR 24.68 cents, -7.0%;
• 12 months ended 31-Dec-2015:
• • Revenue: EUR26,059 million, +4.6%;
  • • Air France Group: EUR16,477 million, +5.7%;
    • KLM Group: EUR9905 million, +2.7%;
    • Maintenance: EUR4012 million, +18.3%;
  • Costs:
  • • Labour: EUR7852 million, +2.8%;
    • Fuel: EUR6183 million, -6.7%;
  • Operating profit: EUR1115 million, +48%;
  • • Air France Group: EUR462 million, compared to a loss of EUR314 million in p-c-p;
    • KLM Group: EUR384 million, +119%;
  • Net profit: EUR127 million, compared to a loss of EUR216 million in p-c-p;
  • Passenger numbers: 79.0 million, +2.0%;
  • Passenger load factor: 85.1%, +0.4 ppt;
  • Passenger yield: EUR 8.36 cents, +2.3%;
  • Passenger revenue per ASK: EUR 7.12 cents, +2.8%;
  • Cargo volume: 1.2 million tons, -7.5%;
  • Cargo yield: EUR 25.12 cents, -1.4%;
  • Total assets: EUR23,335 million;
  • Cash and cash equivalents: EUR3104 million;
  • Total liabilities: EUR23,062 million. [more - original PR]

*Passenger traffic data refers to Air France, KLM and HOP!

Air France-KLM: "The global context in 2016 remains highly uncertain regarding fuel prices, the continuation of the overcapacity situation on several markets and the geopolitical and economic context in which we operate. In consequence, the Group expects the expected savings on the fuel bill to be significantly offset by unit revenue pressure and negative currency impacts." Source: Company statement, 18-Feb-2016.