Aktualności firm stowarzyszonych • Członkowie
FULL YEAR 2022 RESULTS - BACK TO POSITIVE NET INCOME AFTER A SUCCESSFUL YEAR IN A CHALLENGING CONTEXT
POSITIVE OPERATING RESULT FOR BOTH AIR FRANCE AND KLM THANKS TO SIGNIFICANT INCREASE IN REVENUES AND TRANSFORMATION EFFORTS
February 17, 2023
- Strong Group capacity ramp up at 85% compared to 2019 with load factor at 84%
- Group revenues at €26.4bn, with highest fourth quarter revenues in history
- Operating result at €1.2bn with operating margin at 4.5% above 2019 level (4.2%), despite surging fuel price
- Positive net income at €0.7bn supporting the Group’s equity restoration
- Positive Adjusted operating free cash flow ast €1.9bn and solid cash at hand at €10.6bn
- Net debt down by €1.9bn euros, compared to end of 2021
Commenting on the results, Mr. Benjamin Smith, Group CEO, said: “Throughout 2022, Air France-KLM once again demonstrated its resilience and agility in a context of unprecedented crises. In spite of the Omicron strain, the war in Ukraine, the inflationary situation and the operational disruptions at major international airports last summer, our Group and its airlines were able to successfully capture a strong demand for travel. On the financial side, we successfully undertook major operations to both restore our equity and consolidate our balance sheet while continuing to pay back the State aids we received. We secured landmark deals, including a strategic commercial partnership with CMA CGM Group which became our largest private shareholder. All the while, we moved forward with our transformation efforts at every level of our Group to emerge stronger and more efficient from the pandemic as a leader of sustainable aviation. Our fleet renewal efforts and our investments in SAF fully demonstrate our determination to play an active role in the decarbonization, not just of our own operations, but of the industry as a whole. We close out the year with a positive net income, having turned the page on Covid, and look to the future with confidence in our ability to address the challenges ahead. I would like to thank all the customers who chose to fly our airlines this year as well as all our employees, who made this year a success through their hard work and commitment to excellence."