Results Air France-KLM Group

On this page I will discuss the figures in more detail. For the first time since the outbreak of the pandemic, AFKL's quarter was also profitable. This was possible thanks to a strong contribution from KLM. And Transavia also recorded a strong operating profit of €105 million! For Transavia, the profit was even higher than in the third quarter of 2019. The entire AFKL Group recorded a profit of €132 million, compared to the loss of over €1 billion in 2020. Compared to 2019, we still have a long way to go: back then the profit was €909 million.

If we look at the results achieved in the first nine months of the year, we see that we still have a long way to go. On the one hand, with a loss of €1.8 billion, we are doing much better than in 2020, when we recorded a loss of €3.4 billion. On the other hand, in 2019 we achieved a profit of over €1 billion in the period from January to September.

KLM Group figures

Q3 figures

In the third quarter, the Air France-KLM Group generated revenue of €1.9 billion, compared to €1.1 billion in 2020 and €3.1 billion in 2019. The operating result was a profit of €169 million! Compared to the loss recorded in 2020 of €234 million. However, in Q3 of 2019, the profit achieved amounted to €511 million.

Cargo is still doing well. Revenue rose to €467 million, an increase of 13%. This while there was more capacity available in the market compared to the third quarter of 2020. The maintenance division continued to suffer from the decline in demand for third-party maintenance. As a result, third-party revenue amounted to €77 million, a decrease of 22%.

Past 9 months figures (January to September)

Over the first nine months of this year, we recorded a loss of €353 million, which amounts to an operating margin of -8.8%. This is a clear improvement compared to 2020, when we recorded a loss of over €1 billion from January to September. As you can see in the chart below, we still have a long way to go to get back to the 2016 to 2019 levels. Back then, we made on average more than €800 million profit in the first nine months of the year.