Air France-KLM S.A. is an aviation holding company, headquartered in France at the Paris–Charles de Gaulle Airport.
The Group is one of the world’s largest airline companies (in terms of annual revenue).
Air France-KLM has a network of approximately 231 destinations in 103 countries from its hubs at Paris-Charles de Gaulle and Amsterdam-Schiphol. It operates the biggest transatlantic joint venture, with over 250 flights on a daily basis.
It carried 77.3 million passengers and 1.3 million tonnes of cargo in 2013.
Air France-KLM was formed in 2004 following the merger of Air France and the Dutch airline KLM. The initial public offering was launched on 5 April 2004 on the Paris Euronext and Amsterdam markets.
Air France–KLM’s subsidiaries include: Air France, Air France Cargo, France HOP!, KLM, KLM Cargo, KLM Cityhopper, Martinair, and Cobalt Ground Solutions.
The company’s two main competitors are Lufthansa and British Airways.
The fleet of Air France–KLM:
Long haul fleet: Airbus A380-800 AF, Airbus A340-300 AF, Airbus A330-200 AF, Boeing 747-400 AF, Boeing 777-200ER AF, Boeing 777-300ER AF, Airbus A330-200 KLM, Boeing 747-400 KLM, Boeing 777-200 KLM, Boeing 777-300ER KLM, and MD-11-CF KLM.
Medium haul fleet: Airbus A321 AF, Airbus A320 AF, Airbus A319 AF, Airbus A318 AF, Boeing 737-700/800/900 KLM, and Boeing 737-700/800 Transavia.
Regional fleet: Avro RJ 85 AF, ATR 42/72 HOP!, Embraer 135/145/170/190 HOP!, Canadair Jet 100/700/1000 HOP!, Embraer 190 KLM, and Fokker 70 KLM.
Cargo fleet: Boeing 747-400 Freighter AF, Boeing 777 Freighter AF, and Boeing 747-400 Freighter KLM.
Overview
- Chairman and CEO Air France-KLM: Alexandre de Juniac
- Chairman and CEO Air France: Frédéric Gagey
- KLM President and CEO: Pieter Elbers
- Chief Operating Officer Air France: Alain Bassil
- Type: Public
- Industry: Aviation
- Publicly listed on Euronext
- Euronext stock ticker symbol: AF
- Revenue: €24.912 billion EUR (2014)
- Net loss: €(189) billion EUR (2014)
- Formed: 2004
- Employees: 94,666 (2014)
- Corporate headquarters: Paris–Charles de Gaulle Airport, France
- Website: http://www.airfranceklm.com/en/
Air France-KLM Financial Results, Years Ended December 31
| Operating data (in € millions) | 2014 | 2013 |
| Net sales | €24,912 | €25,520 |
| Other revenues | €18 | €10 |
| Net revenue | €24,930 | €25,530 |
| External expenses | €(15,791) | €(15,997) |
| Salaries and related costs | €(7,316) | €(7,482) |
| Amortization | €(1,718) | €(1,725) |
| Income from operating activities | €751 | €(227) |
| Net cost of financial debt | €(370) | €(404) |
| Income before tax | €63 | €(528) |
| Income taxes | €(209) | €(957) |
| Net loss of consolidated companies | €(146) | €(1,485) |
| Net loss from continuing operations | €(185) | €(1,696) |
| Net loss for the period | €(189) | €(1,818) |
| Balance sheet data (in € millions) | ||
| Total assets | €23,230 | €25,421 |
| Total liabilities | €23,862 | €23,128 |
| Total equity | €(632) | €2,293 |
| Cash flow data (in € millions) | ||
| Net cash provided by operating activities | €1,012 | €1,479 |
| Net cash used in investing activities | €(566) | €(924) |
| Net cash provided by (used in) financing activities | €(983) | €(158) |
| Cash and cash equivalents at end of period | €2,910 | €3,518 |
Source: “Air France-KLM Annual Report 2014”