法航-荷航SA报告第二季度业绩

2025-07-31 15:11

Air France-KLM SA press release (OTCPK:AFRAF): Q2 Net income €649M
Group revenues up 6.2% year-on-year to €8.4bn, driven by all businesses.
Operating result stood at €736m, an improvement of €223m year-on-year (including an Olympic games year-on-year impact of €40m) with a margin of 8.7%.
Unit revenue at constant currency up 2.4% driven by Network and Transavia, while group capacity went up by 4.2% and fuel price after hedging decreased by 11%.
Unit cost up 2.7% year-on-year as expected, due to air traffic control and airport charges (Schiphol tariff +41%), maintenance related cost (including a positive one-off last year), premiumization and inflation partly compensated by productivity gains.
H1 recurring adjusted operating free cash flow positive at €0.7bn, up nearly €0.6bn year-on-year.
Leverage (Net debt/Current EBITDA ratio) at 1.5x.
Solid cash at hand of €9.4bn at end June 2025.
FY 2025 outlook reconfirmed For 2025 the Group retains an agile approach given the current uncertainty and expects: • Capacity up by 4-5% compared to 2024. • Unit cost to increase by a low single digit compared to 2024. • Net capital expenditures between €3.2bn and €3.4bn. • Leverage between 1.5x and 2.0x.

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