air france financial report 2019


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PDF FULL YEAR 2019

Full year 2019 revenues increased by +1 5 at constant currency to 23 3 billion euros thanks to the growth of the network activity The operating result amounted to 749 million euros a 256 million euro decrease at constant currency compared to last year mainly explained by an increased fuel bill and with a good unit cost performance

PDF CONSOLIDATED FINANCIAL STATEMENTS

Air France-KLM Group - 1 - 19/02/2020 CONSOLIDATED FINANCIAL STATEMENTS Prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the European Commission for use in the European Union January 1 2019 – December 31 2019

PDF Annual Report 2019

These criteria are i) relative financial performance of AIR FRANCE KLM compared to its most important European peers (80 percent) and ii) sustainability objectives (20 percent) For the other 37 5 percent of the 75 percent the KLM performance criteria as stated above are applicable Claw back clause

PDF 2019 Universal Registration Document

— the consolidated financial statements of the Air France - KLM Group relating to the financial year ended December 31 2018 and the relevant Statutory Auditors’ Report as published in Sections 5 5 to 5 7 in chapter 5 of the Air France - KLM Group’s 2018 Registration Document;

  • What happens if the value of Air France funds falls below 50?

    If the value of the funds falls below 50 per cent of the total obligations calculated for funding purposes, Air France is required to make an additional payment to achieve a minimum 50 per cent coverage rate. The funds are invested in bonds, equities and general assets of the insurance company.

  • How did Air France-KLM perform in 2019?

    In the Full year 2019, the Air France-KLM Group posted an operating result of 1,141 million euros, down by 18.8% compared to last year, impacted by a challenging trading environment and a higher fuel bill. Net income amounted to 290 million euros in 2019, a decrease of 130 million euros compared to last year.

  • Who audited the financial statements for financial year 2019?

    Financial statements 2019 The Supervisory Board hereby presents the annual report and the financial statements for financial year 2019. The financial statements have been audited by KPMG Accountants N.V. and Deloitte Accountants B.V.

  • How much revenue does Air France-KLM make a year?

    Air France-KLM has entered into contracts with the French Defense Ministry concerning the maintenance of aircraft in the French Air Force. The net revenue derived from this activity amounts to €37 million for the year ended December 31, 2019 versus €61 million as of December 31, 2018.

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