THIRD QUARTER 2017
? The operating result stands at 1,022 million euros, up 38.7% compared to Q3 2016
? Robust traffic resulting in an improved load factor, up 1.6 pt
? Confirmation of the positive trend in Group (Passenger + Transavia) unit revenue per available seat kilometer (RASK) at constant currency: +4.1%
GOOD STRATEGIC AND COMMERCIAL MOMENTUM
? Implementation of a new distribution strategy by adopting NDC
? Upcoming launch of revamped Flying Blue program
FURTHER STRENGTHENING THE FINANCIAL STRUCTURE
? Soft call exercise of the OCEANE 2023 bond leading to deleverage by up to 520 million euros
? Finalizing the implementation of de-risked pension schemes for pilots and cabin crew in KLM
OUTLOOK
? Based on current outlook, Q4 2017 unit revenues at constant currency compared to last year expected to be positive
? Q4 2017 fuel bill in euros forecasted stable
? Full year 2017 unit cost evolution at constant currency, fuel and pension charges expected slightly negative, and between -1.0 to -1.5% excluding load factor and profit sharing effect
? Operating free cash flow 2017 above last year, with capex at € 2.2bn
? Adjusted net debt to EBITDAR expected between 2.2x and 2.3x end 2017 (before acquisition in 2018 of a 31% stake in Virgin Atlantic)
? On track to implement IFRS16 in 2018
The Board of Directors of Air France-KLM, chaired by Jean-Marc Janaillac, met on 2nd of November 2017 to approve the accounts for the Third Quarter 2017.
Jean-Marc Janaillac made the following comments: "The strong operating performance achieved by the Group in the third quarter reflects a sustained execution on our strategic priorities, as well as a robust business environment translated into solid traffic and unit revenue trends. We continued to move forward notably with the expansion of our network of strategic alliances and the implementation of a new distribution model. At the same time, we relentlessly pursued our efforts to strengthen our financial structure. All of these accomplishments demonstrate that Air France-KLM is well on track to deliver on Trust Together strategic priorities of growing revenues and improve competitiveness.”
Air France-KLM Group
Third Quarter Nine months 2017 Change 2017 Change
Passengers (thousands) 27,911 +5.1% 75,056 +6.0%
Unit revenue per ASK (€ cts) 7.03 +4.1% 6.75 +1.8%
Operating result (€m) 1,022 +38.7% 1,375 +44.0%
Net result – group (€m) 552 +1.5% 703 +63.5%
Operating free cash flow (€m) 125 +248 793 +543
Net debt at end of period (€m) 2,796 -859

see and reead more on http://www.airfranceklm.com/sites/default/files/communiques/q3_2017_press_release_en_def.pdf

tijd 11.56
De Midcap 855,65 -1,26 -0,15% Air France KLM EUR 12,80 -1,13 vol. 10,1 milj.

media,
Minister Van Nieuwenhuizen is blij dat de dreigende sluiting van het Russische luchtruim voor KLM van de baan is.