Investor Presentaiton

+ Transformation is accelerating and will help restore competitiveness with €~4.3bn structural benefits¹ by 2026 OPERATING MODEL AIRFRANCE KLM GROUP Key transformation levers External spend optimization Labor cost reduction Fleet efficiency New revenue streams New Initiatives Transformation program benefits (€bn) Measures implemented 0.5 Identified, not yet implemented 0.3 3.0 0.4 0.4 1.4 0.4 4.3 0.9 + 2019 Starting spend point optimization External Labor cost reduction Fleet fuel efficiency New New revenue initiatives streams 2024 Additional New benefits initiatives 2026 16 Notes (1) Structural savings includes all operating cost, fuel efficiency amortization & depreciation. Excluding CPI and CLA effects. Adjusted for capacity evolution. Transformation measures contain all new revenue stream initiatives and structural saving programs included in P&L trajectory

View entire presentation