FIRST QUARTER 2017
? Solid traffic performance with passengers carried up 5.2% at 20.9 million and RPKs up 4.2% leading to an improved load factor by 0.7pt
? Confirmation of the improvement in unit revenue trend observed since the end of 2016 with passenger network unit revenue per available seat kilometer (RASK) ex-currency almost stable at -0.5%
? Unit cost reduction on track, down 1.7% at constant currency, fuel and pension expenses
? Operating income at -143 million euros, a progression of 28 million euros at constant currency
? Operating free cash flow of 329 million euros, up 133 million euros
OUTLOOK
? High level of uncertainty regarding the geopolitical environment and the fuel price
? Resilient trading start to 2017, confirmed for April
? Continued strong focus on unit cost with a maintained target reduction of at least 1.5% in 2017 at constant currency, fuel price and pension expenses
? Based on current forward prices and hedge portfolio, expecting a slight decrease in the dollar fuel bill in 2017
? Keeping strict capex discipline, targeting positive free cash flow before disposals in 2017

The Board of Directors of Air France-KLM, chaired by Jean-Marc Janaillac, met on 3rd May 2017 to approve the accounts for the First Quarter 2017

Air France-KLM carried 20.9 million passengers during the first quarter 2017, an increase of 5.2% over last year. The passenger capacity measured in ASKs was up 3.3% and traffic measured in RPKs up 4.2% resulting in the Group loadfactor to increase by 0.7pts to 85.4%. Revenues amounted to 5.7 billion euros, up 1.9% compared to 2016.
The first quarter 2017 confirms a resilient start of the year. The operating result stood at -143 million euros, down 44 million and up 28 million euros at constant currency.
At constant currency, the Group unit revenues measured in revenues per EASK were down 1.4%, confirming the improvement in trend observed since the end of 2016, driven by a decrease in the Passenger network unit revenue of 0.5%, a Transavia unit revenue decrease of 3.4% and a Cargo unit revenue decrease of 4.9%,.
The operating result was mainly driven by the good unit cost performance, amounting to a saving of 89 million euros compared to last year. The unit cost per EASK was down by 1.7%, on a constant currency, fuel price and pension-related expense basis, against a capacity increase measured in EASK of +2.8%.
The productivity, measured in EASK per FTE, increased by 5.1% at KLM where the capacity increased by 5.4%, and by 1.8% at Air France despite capacity almost stable (+0.8%). The average number of staff decreased by 400 FTEs at constant scope (scope impacted by the sale of Cobalt at year end 2016 resulting in a decrease of 746 FTEs). As a result, the total employee costs including temporary staff decreased by 1.7% at 1,812 million euros.
The fuel bill amounted to 1,120 million euros, a slight increase of 24 million euros, whereas the fuel bill in dollar was stable.
The operating result was notably impacted by currency effects, which had a negative impact of 72 million euros. Adjusted for the interest portion of operating leases (1/3 of annual operating lease expenses), the operating margin was -0.8% versus -0.2% at 31 March 2016. EBITDA amounted to 269 million euros, stable compared to previous year.

lees en zien verder op
http://www.airfranceklm.com/sites/default/files/communiques/q1_2017_press_release_en_def.pdf

tijd 09.24
Air Frnace KLM EUR 7,682 +6ct vol. 568.000