AirFrance KLM February 2011 traffic

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Beleggingsadvies 08/03/2011 08:08
. Passenger: rise in traffic (+4.9%) and stable load factor
. Cargo: decline in traffic (-3.1%) and load factor (-3.2 points)
The month of February 2010 was impacted by adverse weather conditions and by four days of strike by French air traffic controllers, which affected medium-haul in particular, creating a favorable comparison basis.

Passenger business
Traffic rose 4.9% for capacity up by 5.1%, leading to an almost stable load factor of 77.6% (-0.1 point). The number of passengers rose 5.7% to 5.1 millions. The unfavorable geopolitical context continued to affect the "Africa/Middle East" region (Egypt, Ivory Coast, Sahel region, to which Libya must now be added) and the "Europe/North Africa" region (Tunisia). Unit revenue per available seat kilometer (RASK) excluding currency was stable compared with February 2010.

On the Americas network, traffic and capacity rose by 2.8% and 5.1% respectively. The load factor declined by 1.7 points to 78.3%.
The Asia network was affected by the Chinese New Year celebrations. Nevertheless, activity remained dynamic with traffic up 6.3%. With capacity up 8.1%, the load factor declined by 1.5 points to 84.6%.
The Africa and Middle East network recorded a rise in traffic of 1.4% for capacity up 2.5%. As a result, the load factor declined by 0.8 points to 74.6%.
The Caribbean and Indian Ocean network remained robust with traffic up 6.0% for capacity up by 4.0%. The load factor therefore gained 1.6 points to 85.6%.
On the medium-haul network, traffic was up by 8.8% for capacity up by 4.3%. The load factor rose by 2.8 points to 66.4%.

Cargo business
The Chinese New Year had a negative effect on traffic due to the closure of factories in Asia and the subsequent progressive recovery of associated activity. Traffic therefore declined by 3.1% for capacity up by 1.5%. The load factor stood at 67.6% (-3.2 points). Unit revenue per available ton kilometer (RATK) rose in comparison with February 2010.

Recent developments
For the Summer 2011 season, Air France-KLM plans a capacity increase of 5.7% compared with Summer 2010. Eight new routes will enhance the Asia, Americas and Africa networks.
The Airbus A380 has been a great success since it went into service in November 2009, welcoming no fewer than 800,000 passengers on the four aircraft in the Air France fleet.
On March 1st Air France Industries KLM E&M signed a maintenance and engine support contract for the GE90 engines which equip the Boeing B777-300 ERs of Philippine Airways.
KLM announced the opening of the Amsterdam-Buenos Aires and Amsterdam-Havana routes as of 31st October 2011.






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