Category Archives: Air France-KLM Group

Air France-KLM Group posts a €0.3 billion loss in the first quarter

  • Strong demand with 19.7m passengers onboard, up 35% versus 2022
  • Group revenues at €6.3bn, an improvement of €1.9bn (+42%) compared to last yearthanks to continuous strong market demand
  • Group unit cost1 per ASK stable at +0.7% versus 2022
  • Operating result at –€0.3bn with operating margin at -4.8%, above 2022 level (-7.9%)
  • Positive Adjusted operating free cash flow at €0.7bn and solid cash at hand at €9.7bn
  • Net debt down by €0.9bn euros, compared to end of 2022
  • Continued deleveraging: Net debt/EBITDA ratio at 1.5x versus 1.8x end of 2022

Commenting on the results, Mr. Benjamin Smith, Group CEO, said:” In the first quarter, Air France-KLM further capitalized on the recovery momentum in the airline industry. I’d like to thank all my colleagues who have worked tirelessly throughout the quarter to ensure we continue on our path to sustained profitability. The Group continued to show strong revenue growth as well as robust cash flow generation thanks to the very encouraging summer ticket sales. This is paving the way for a busy holiday season across our global network, which all of our teams are actively gearing up for. I am also pleased that we have now fully repaid all State aid, which releases us from the associated restrictions and gives us back our full strategic autonomy. We now stand on our own feet. Looking ahead, we remain focused on further strengthening our balance sheet and delivering the transformation efforts that will enable us to continue to improve our competitiveness while accelerating our decarbonization efforts.“

The assets of bankrupt Flybe are becoming very valuable

Air France/KLM and the Lufthansa Group, are reportedly interested in acquiring the assets of bankrupt Flybe, according to the newspaper The Telegraph.

Both groups are interested in the valuable airport slots at London Heathrow Airport and Amsterdam Schiphol Airport held by Flybe.

The second version of Flybe ceased all operations on January 28, 2023.

Top Copyright Photo: Flybe (2nd) Bombardier DHC-8-402 (Q400) G-JECY (msn 4157) SOU (Antony J. Best). Image: 957353.

Flybe (2nd) aircraft photo gallery:

Air France-KLM orders four Airbus A350F freighters, to be operated by Martinair for KLM

Air France-KLM Board of Directors has approved a firm order for 4 Airbus A350F full freighter aircraft, to be operated by Martinair on behalf of KLM Cargo.

These Airbus A350Fs will replace the fleet of 4 Boeing 747Fs currently operated by KLM Cargo and Martinair. They will be based at Amsterdam Schiphol Airport.

In December 2021, Air France-KLM had placed an order for 4 Airbus A350F full freighter aircraft for Air France.

Deliveries to Martinair and Air France are expected as of the second half of 2026, meaning both airlines will be among the launch operators of the A350F full freighter.

Benefiting from the latest technological innovations and powered by Rolls-Royce Trent XWB-97 engines, the Airbus A350F delivers significantly improved environmental performance with an over 40% reduction in CO2 emissions compared to the Boeing 747F. Its noise footprint is also 50% lower.

A firm order for 3 additional Airbus A350-900 passenger aircraft for Air France, bringing the total number of A350-900 expected by Air France to 41.

These Airbus A350s will replace previous-generation aircraft and be based at Paris-Charles de Gaulle Airport.