FIRST QUARTER 2017
- Solid traffic performance with passengers carried up 5.2% at 20.9 million and RPKs up 4.2% leading to an improved load factor by 0.7pt
- Confirmation of the improvement in unit revenue trend observed since the end of 2016 with passenger network unit revenue per available seat kilometer (RASK) ex-currency almost stable at -0.5%
- Unit cost reduction on track, down 1.7% at constant currency, fuel and pension expenses
- Operating income at -143 million euros, a progression of 28 million euros at constant currency
- Operating free cash flow of 329 million euros, up 133 million euros
OUTLOOK
- High level of uncertainty regarding the geopolitical environment and the fuel price
- Resilient trading start to 2017, confirmed for April
- Continued strong focus on unit cost with a maintained target reduction of at least 1.5% in 2017 at constant currency, fuel price and pension expenses
- Based on current forward prices and hedge portfolio, expecting a slight decrease in the dollar fuel bill in 2017
- Keeping strict capex discipline, targeting positive free cash flow before disposals in 2017
Amstelveen, 04 May 2017
