Strong Revenue Growth
Air France-KLM reported a revenue increase of 6.2% in Q2 2025, with an operating income of EUR 736 million, up EUR 223 million year-over-year.
Improved Financial Metrics
Operating margin stood at 8.7%. Adjusted operating free cash flow reached EUR 0.7 billion for H1 2025, and leverage ratio decreased to 1.5x.
Premiumization Success
Revenue from premium products increased by nearly 3 percentage points, with La Premiere and Business Class revenues growing by 11%. Premium Economy saw a 27% revenue growth.
Strategic Partnerships and Expansions
Air France-KLM plans to increase its stake in SAS to 60.5%, expanding its footprint in Northern Europe. New partnerships with Saudia, AerCap, Riyadh Air, Qantas, and IndiGo were announced.
Strong Cash Flow and Debt Management
A net debt reduction of EUR 200 million was achieved, and the leverage ratio is now at 1.5x. A EUR 500 million hybrid was issued at 5.75% to repay Apollo.