Home » Financial » Currently Reading:

AirFrance-KLM Financial Year 2015: First Half results.

July 31, 2015 Financial No Comments Email Email

KLMSECOND QUARTER

  • Revenues of 6.64 billion euros, up 3.0%, down 4.5% like-for-like
  • EBITDAR of 824 million euros, a decrease of 30 million euros
  • Operating result of 185 million euros, a decrease of 53 million euros,stable like-for-like
  • Unit cost2 down 0.5% like-for-like

FIRST HALF

  • Revenues of 12.30 billion euros, up 2.4%, down 3.6% like-for-like
  • EBITDAR of 1,053 million euros, an improvement of 32 million euros
  • Strong operating free cash flow2 generation: 274 million euros
  • Further net debt reduction: net debt2 of 4.55 billion euros, down 857 million euros compared to 31 December 2014
  • Adjusted net debt / EBITDAR ratio of 3.8x, an improvement of 0.2 compared to 31 December 2014

FULL YEAR 2015 OUTLOOK: OBJECTIVES MAINTAINED

  • Unit cost reduction in the 1% to 1.3% range
  • Significant reduction in net debt, from 5.4 billion euros at end 2014 down to around 4.4 billion euros at end 2015

ACCELERATION OF PERFORM 2020

  • Launch of immediate cost-saving measures
  • Acceleration of all cost reduction initiatives
  • Adjustment of Winter 2015-16 capacity

 Like-for-like: excluding currency. Same definition applies in rest of press release

See definition in appendix

Trailing 12 months, EBITDAR adjusted for September 2014 pilot strike impact; see definition in appendix

On a constant currency, fuel price and pension-related expense basis. See computation in appendix

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS

ADVERTISEMENTS