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Air France revenues up 14.1%

Christian Fernsby |
Air France KLM Q2 revenues were up 14.1% compared to Q2 2022, driven by a higher capacity (+8%), a higher passenger load factor (+3 pt) and a higher passenger yield (+9%).

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The operating result improved compared to last year by €347 million while last year the operating result was supported by €42 million furlough contribution.

A lower jet fuel price and a higher yield compensating inflation accelerated the growth in operating result and translated into a margin at 9.6%.

As a result, compared to last year, net income strongly grew by €280 million, amounting to €604 million, supporting the equity restoration.

The adjusted operating free cash flow in the second quarter amounted to €557 million, a reduction of €975 million compared to last year.

This different pattern is explained by a catch up in summer ticket sales in Q2 2022. The net debt ended at €4.9 billion, an improvement compared to year end 2022 of €1.4 billion.


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