Air France-KLM Group operating loss widens in 1Q2019

    Air France-KLM Group reported (03-May-2019) the following financial highlights for three months ended 31-Mar-2019:

    • Revenue: EUR5986 million, +3.1% year-on-year;
      • Network: EUR5175 million, +1.0%;
        • Passenger: EUR4628 million, +1.3%;
        • Cargo: EUR547 million, -1.3%;
      • Transavia: EUR249 million, +6.0%;
      • Maintenance: EUR1170 million, +8.7%;
    • Costs:
      • Labour: EUR1972 million, +6.4%;
      • Fuel: EUR1201 million, +13.2%;
    • Operating profit (loss): (EUR303 million), compared to a loss of EUR185 million in p-c-p;
      • Network: (EUR279 million), compared to a loss of EUR193 million in p-c-p;
      • Transavia: (EUR71 million), compared to a loss of EUR13 million in p-c-p;
      • Maintenance: EUR47 million;
    • Net profit (loss): (EUR320 million), compared to a loss of EUR51 million in p-c-p;
    • Revenue per ASK: EUR 6.79 cents, -1.4%;
    • Passenger revenue per ASK: EUR 6.17 cents, -1.9%;
    • Passenger network: EUR 6.34 cents, -1.6%;
    • Cargo revenue per AFTK: EUR 13.67 cents, -4.0%;
    • Transavia: EUR 4.15 cents, -3.5%;
    • Cost per ASK: EUR7.19 cents, +1.2%;
    • Total assets: EUR30,584 million;
    • Cash and cash equivalents: EUR4162 million;
    • Total liabilities: EUR28,651 million. [more – original PR]