QUARTER JULY-SEPTEMBER 2011
4 2.1% rise in revenues to 6.79 billion euros
4 Operating costs excluding fuel bill under control
4 Operating result of 397 million euros
HALF YEAR APRIL-SEPTEMBER 2011
4 5.2% rise in revenues to 13.0 billion euros
4 Operating result of 252 million euros

The Board of Directors of Air France-KLM, chaired by Jean-Cyril Spinetta, met on 9th November 2011 to examine the accounts for the half-year April-September 2011.

Jean-Cyril Spinetta made the following comment: “Despite the many measures pursued over the last three years, our insufficient profitability in recent quarters, in an economic environment affected by the weak global demand and high oil prices, shows that we need to go further. This context requires the new management to focus on three priorities. The first is the re-establishment of the Group’s competitiveness, implying additional cost savings. The second is the restructuring of our short and medium-haul activity. The third is a rapid reduction in our debt. An action plan for these priorities will be presented during the first quarter of 2012. I am confident that both Air France and KLM will be able to deliver an effective response to these new challenges.”

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