SEPTEMBER 2004 TRAFFIC Air France KLM

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Beleggingsadvies 07/10/2004 08:10
Passenger: traffic up 6.9% and load factor up 1.5 points to 79.5%
Cargo: traffic up 9.6% and load factor up 1.2 points to 69.2%

Passenger operations
The Air France-KLM Group posted a good performance in September with load factor improving by 1.5 points to 79.5%. Traffic remained buoyant with a 6.9% increase on 4.9% higher capacity. The Group transported over 5.7 million passengers (up 4.4%).
These results were driven notably by strong demand on transatlantic routes (traffic up 7.5%) and especially on the North American network.
The Africa & Middle-East network continued to post a good performance with load factor rising 2.3 points to 81.6%.
On Asian routes, demand remained strong (traffic up 14.1%) although lower than the 18.2% increase in capacity. Load factor stood at the high level of 82.9% (down 3.0 points).
The Caribbean & Indian Ocean sector recorded a 3.1-point rise in load factor, as traffic decreased by 1.0% on 5.3% lower capacity.
On the medium-haul network (including the French domestic market), traffic grew by 3.3% for a 3.7% increase in capacity. Load factor stood at 70.0% (down 0.3 points).
Both airlines contributed positively to this good performance:
- Air France's load factor improved by 1.2 points to 76.4%, as traffic increased by 5.9% on 4.2% higher capacity.
- KLM's load factor was up 1.9 points attaining the high level of 85.0%, with capacity and traffic increasing by 6.2% and 8.6% respectively.
Over the 1st half* of the financial year, the Group posted a 11.6% increase in traffic for a 9.3% rise in capacity. The load factor gained 1.6 points to reach 79.5%.

Cargo operations
The consolidated cargo load factor improved by 1.2 points to 69.2%, thanks to a 9.6% increase in traffic on 7.7% higher capacity.
- Air France posted a good performance with cargo traffic increasing by 10.1% on 8.0% higher capacity. Cargo load factor reached 62.9%, up 1.2 points
- KLM's cargo traffic increased by 9.1% for a 7.1% rise in capacity. Load factor gained 1.5 points to 78.6%
During the first half*, consolidated cargo traffic grew in line with capacity: up 10.6% and 10.7% respectively. The cargo load factor remained stable at 67.4%.



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