Positive operating result for both Air France and KLM thanks to significant increase in revenues and transformation efforts
Air France-KLM has confirmed that the company has bounced back from two years of massive losses as a result of the Covid-19 pandemic, returning to profit. The company confirms Strong Group capacity ramp up at 85% compared to 2019 with load factor at 84% Group revenues at €26.4bn, with highest fourth quarter revenues in history. Additionally, operating result at €1.2bn with operating margin at 4.5% above 2019 level (4.2%), despite surging fuel price.
Air France-KLM confirms a positive net income at €0.7bn supporting the Group’s equity restoration. Positive Adjusted operating free cash flow at €1.9bn and solid cash at hand at €10.6bn Net debt down by €1.9bn euros, compared to end of 2021.
Commenting on the results, Mr. Benjamin Smith, Group CEO, said: “Throughout 2022, Air France-KLM once...