Investor Presentaiton
AIR FRANCE OPERATING MARGIN WELL ABOVE 2019 WHILE CAPACITY
RESTRICTIONS AT SCHIPHOL HAMPERED KLM PERFORMANCE
Q4 2022 versus
Q4 2021
Operating
2019
Capacity
change
Revenues
(€ m)
Change
result
YOY
Change
YOY
Operating
margin
Change
YOY
(€ m)
operating
margin
AIRFRANCE/
+31%
4,541
+54%
144
+92
3.2%
+1 pt
-0.5%
+9%
2,758
+35%
-2
-129
-0.1%
-6 pt
4.4%
AIRFRANCE KLM
+21%
7,128
+47%
134
-45
1.9%
-2 pt
1.4%
GROUP
KLM
Air France's structural transformation efforts resulting in positive and improved operating margin
Capacity restrictions at Schiphol resulted in €170m lost revenues
Furlough schemes accounted for €159m in Q4 2021, €4m in Q4 2022
NB: Sum of individual airline results does not add up to Air France-KLM total due to intercompany eliminations at Group level
AIRFRANCE KLM
GROUP
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