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Air France KLM (DE:FQZ)
FRANKFURT:FQZ
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.05Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a primarily positive operating and financial story: record group revenue (EUR 33bn), highest-ever operating result (EUR 2.0bn), strong cash conversion (EUR 1.0bn recurring adjusted FCF), improving unit costs, and meaningful premiumization and sustainability progress. Notable challenges were highlighted—Transavia transition losses, cargo volatility, higher Schiphol-related costs hitting KLM, near-term net debt upticks driven by lease and one-off items, and weather disruption early in 2026. Management presented a clear plan to continue transformation, control costs and pursue an >8% margin target by 2028, while acknowledging execution and external risks. On balance, the strong record results, cash position and strategic progress outweigh the operational and regional headwinds discussed.Company Guidance
Record Group Revenue and Passenger Traffic
Group revenues reached EUR 33.0 billion, up 4.9% year-on-year, an all-time high. The group carried nearly 103 million passengers, up 5% YoY and the first time above 100 million since COVID.
Strong Operating Performance
Operating result was EUR 2.0 billion, an improvement of EUR 400 million versus 2024, with an operating margin of 6.1% (up ~1 percentage point year-over-year reported).
Record Net Result and Cash Generation
Reported net result of EUR 1.8 billion (including EUR 700 million unrealized FX); underlying net result ~EUR 1.1 billion. Recurring adjusted operating free cash flow was EUR 1.0 billion, up EUR 800 million YoY. Cash at hand increased to EUR 9.4 billion.
Balance Sheet Strength and Leverage
Net debt to EBITDA stable at 1.7x, within target range. Equity increased by EUR 1.6 billion to EUR 2.4 billion (back to pre-COVID level). Successful bond issuance with coupon below 4% and ongoing simplification of quasi-equity.
Premiumization Driving Revenue Mix and Yields
Top-tier cabins (La Première and Business) accounted for 28.1% of revenue (from 26.9%), premium economy reached 8% of revenue, and premium cabins now generate >36% of group revenue. La Première revenue +17% and Business +9% in 2025.
Ancillary Revenue Momentum
Ancillary revenue rose to EUR 2.1 billion, up 23% YoY (after +26% in 2024), with strong, broad-based growth (seat selection, hand luggage, digital channels).
Fleet Renewal and Sustainability Progress
Next-generation aircraft now represent over 35% of the fleet. SAF blending reached ~2.9% of total fuel consumption (above regulatory requirements). EcoVadis gold medal and CDP rating improved from B to A.
Loyalty Program Growth
Flying Blue surpassed 30 million members (membership doubled since 2022). In 2025, members donated 1.2 billion miles (~2.5% of annual miles issued). Flying Blue recognized as best airline loyalty program by point.me for a second consecutive year.
Operational and Digital Efficiency Gains
Retired more than 200 legacy applications to simplify technology landscape. Cargo bookings: >90% now made via digital channels; global CRM rollout (CRM360) completed enabling AI-enabled services.
MRO & Cargo Commercial Wins
Maintenance & engineering secured >30 new contracts, bringing the order book to EUR 10.7 billion; external maintenance revenues grew >10% driven by engine activity. Cargo recognized as 'airline of excellence in Europe'.
DE:FQZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:FQZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | €1.17 | €1.16 | -0.85% |
Nov 06, 2025 | €1.15 | €1.14 | -0.87% |
Jul 31, 2025 | €1.08 | €1.06 | -1.85% |
Apr 30, 2025 | €0.73 | €0.71 | -2.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Air France KLM (DE:FQZ) report earnings?
Air France KLM (DE:FQZ) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Air France KLM (DE:FQZ) earnings time?
Air France KLM (DE:FQZ) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Air France KLM stock?
The P/E ratio of Air France KLM is N/A.
What is DE:FQZ EPS forecast?
DE:FQZ EPS forecast for the fiscal quarter 2026 (Q1) is 0.07.