AIRFRANCE KLM first quarter results: 5.2% more passengers, operating income remains negative

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