Air France-KLM Posts Narrower Loss with Increased Revenues

Air France-KLM Group has narrowed its net loss and reported higher revenues in the fourth quarter. The airline anticipates capacity growth and a stable medium-term outlook.

Date: 06-03-2025

AI Rating: 7

Earnings Insight
Air France-KLM reported a narrower net loss of 63 million euros for fiscal 2024, an improvement from last year's loss of 256 million euros. Additionally, income from current operations saw a positive turnaround, achieving 396 million euros compared to a loss of 56 million euros the previous year.

Revenue Growth
The company's revenue grew by 6.4 percent, reaching 7.88 billion euros from the previous year's 7.41 billion euros. At constant currency rates, revenues increased by 6.8 percent, indicative of a robust business dynamic, which also saw an increase in unit revenue of 4.4 percent on a 2.2 percent capacity increase.

EBITDA and Operating Margin
EBITDA surged by 67 percent, amounting to 1.003 billion euros from 601 million euros a year ago. The operating margin for fiscal 2024 was reported at 5.1 percent, with expectations for operating margins to exceed 8 percent from 2026 to 2028.

Operational Metrics
In the fourth quarter, Air France-KLM welcomed 23.49 million passengers, a 5.1 percent increase from the prior year. Capacity in Available Seat Kilometers was also boosted by 2.2 percent, reinforcing their operational efficiency. The load factor exhibited an upward trend, growing by 2.1 points to reach 87.4 percent, reflecting strong demand and efficient capacity management.

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