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Investor Presentaiton

AIR FRANCE-KLM CLOSED ITS PROFITABILITY GAP WITH PEERS, BUILDING MOMENTUM AND STRENGTHENING ITS PERFORMANCE FOUNDATION Profitability evolution (2019 vs. 2022) EBIT Margin -4.7pt IATA forecasts show disparities in the recovery across the industry 7.1% 8.9% 2019 4.5% 4.2% Air France-KLM 4.5-5.5% 1) Source IATA 2) Source Bloomberg estimates for Lufthansa Group and IAG 2022 -1.3% US and Europe carriers were at the forefront of the recovery, led by a dynamic environment Worldwide¹ Europe (estimation for 20222) Thanks to its deep transformation, continuous improvement mindset and fit-for-market ambitious strategy, Air France-KLM is closing on competition's profitability AIRFRANCE KLM GROUP 4

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