Air France KLM SA ( (AFLYY) ) has released its Q4 earnings. Here is a breakdown of the information Air France KLM SA presented to its investors.
Air France-KLM SA is a prominent European airline group operating in the aviation sector, known for its extensive network of passenger and cargo services across the globe. The company is recognized for its commitment to sustainability and fleet modernization.
In its latest earnings report for the full year 2024, Air France-KLM SA reported a strong operating result of €1.6 billion with a margin of 5.1%. The fourth quarter of 2024 saw revenues of €7.9 billion, marking a 6.4% increase compared to the previous year, driven by favorable business dynamics and increased capacity.
Key financial highlights include a 4.8% rise in group revenues to €31.5 billion for the year, with a stable unit revenue and increased third-party maintenance revenues. The company also reported a positive recurring adjusted operating free cash flow of €271 million and maintained a leverage ratio of 1.7x, aligning with its medium-term target range.
Looking ahead, Air France-KLM plans to increase capacity by 4-5% in 2025 and expects a low single-digit increase in unit costs. The company remains committed to its strategic roadmap, focusing on capital allocation and cost efficiency to achieve its medium-term ambitions.
Overall, Air France-KLM’s financial performance in 2024 reflects its resilience and strategic focus amidst operational challenges, with a positive outlook for continued growth and transformation in the coming years.