Air France-KLM 2024 resultater og nyheter

Air France-KLM fikk et driftsresultat (EBIT) på €513 mill i årets andre kvartal. Ned fra €733 i fjor, og driftsmarginen fallt fra 9.6% til 6.5%

Først og fremst er det kostnadene som øker. I motsetning til endel andre som har rapportert tall er yielden om trent flat, men det er takket være økte inntekter i premium segmentet, forbedring hos Transavia og økte ancilliary revenues.

Selv i Q2, før OL starter tapte Air France €40 mill på arrangementet, og de regner med totalt tape €200 millioner på dette, siden det leder til lavere etterspørsel etter reiser til Paris.

https://www.airfranceklm.com/sites/.../afklm_q2_2024_results_presentation_final.pdf

Group capacity increased by 4.1% compared to last year with load factor at 88%
• Group revenues at €7.9bn, up 4.3% compared to last year
• Unit cost at +1.7% compared to 2023
• Operating result at €513m, with operating margin at 6.5%, Olympic Games impact €40m
• Half-Year Recurring adjusted operating free cash flow positive at €134m
• Cash at hand at €9.6bn and Net debt/EBITDA ratio of 1.6x
 
KLM har lagt frem en spareplan på €450, gjennom å legge ymse investeringer på is, samtidig som de trenger bli mer effektive og sørge for at flyene flyr mer og de har nok folk til å fly dem.

https://news.klm.com/klm-announces-firm-measures-to-strengthen-operational-and-financial-position/

  • Increasing labour productivity by at least 5% by 2025, including through automation, mechanisation and reducing absenteeism,
  • Measures to resolve the impact of the pilot shortage and ensure that we can operate all flights with our pilots, with a better balance between intercontinental and European flights,
  • Due to the shortage of technicians and ongoing supply problems of parts, KLM can operate fewer flights. Measures are being taken at Engineering & Maintenance to reduce the number of cancellations. If this does not yield sufficient results, options to partly outsource maintenance will be examined,
  • All investments (except those in (occupational) safety and compliance) will be reconsidered and postponed, such as the new headquarters and Engineering & Maintenance buildings. We will strive to maintain our fleet investments as much as possible,
  • Improvement of existing, and introduction of new products on board. Trials are underway with an expanded catering offer and optimisation of aircraft layout, aimed at increasing revenues by at least €100 million a year,
  • Measures to simplify the organisation, achieve more synergy, get rid of overlap and overhead. One example is the planned reorganisation of flight services and training organisations,
  • Finally, KLM will explore options for outsourcing, divesting or discontinuing activities that do not directly contribute to flight operations.
 
Litt lavere resultat for Air France-KLM i årets tredje kvartal. Dog er endringen omtrent det samme de tapte på OL.

Air France gjør det relativt sett bedre enn KLM. Transavia hadde best margin i kvartalet, men er mer sesongutsatt, så lavere ser man hittil i år under ett.

https://www.airfranceklm.com/sites/default/files/2024-11/q3_2024_-_afklm_-_press_release_pr.pdf

Group capacity increased by 3.6% compared to last year with load factor at 89%
• Group revenues at €9.0bn, up 3.7% compared to last year
• Unit cost at +3.4% compared to 2023 due to continued higher cost levels for staff,
operation and maintenance at KLM. Firm measures announced to structurally improve
KLM’s operational and financial performance
• Operating result stood at €1,180m, with operating margin at 13.1%. Operating result
equivalent to that of last year excluding Olympic Games unit revenue impact of €160m.
One-time payment of €50m to Air France staff for successful operations during the
event
• 9-months Recurring adjusted operating free cash flow at €23m
• Cash at hand at €9bn and Net debt/EBITDA ratio of 1.7x
• Acquisition of a 19.9% non-controlling stake in the share capital of SAS AB successfully completed
 
Fjerde kvartal og hele 2024 tallene er ute:

https://www.airfranceklm.com/sites/...50305-fy-2024-afklm-press-release-english.pdf

Q4 2024
• Group revenues at €7.9bn, up 6.4% compared to last year driven by a favorable business
dynamic resulting in an increase in unit revenue of +4.4% on a +2.2% capacity increase.
• Operating result stood at €396m, an improvement of €453m compared to last year.
Margin at 5.0%.
• Unit cost up +4.0% compared to 2023, due to airport and air traffic control charges, salary
cost increase, capacity mix effect and premiumization of the cabin.
FY 2024
• Group revenues at €31.5bn, up 4.8% compared to last year driven by an increase in
capacity of 3.6%, a stable unit revenue and increased third party maintenance revenues.
• Operating result stood at €1,601m, with operating margin at 5.1%

Ser man per selskap for 2024 - EBIT og margin

Air France: €980 - 5.1%
KLM: €410 - 3.3%
FlyingBlue: €200 - 24.7%
Transavia: €3 - 0.1%
Maintenance: €170 - 3.3%
 
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