The Air France-KLM group is preparing to write a new chapter in its rich history: in a few months' time, the Transform 2015 plan will come to an end, giving way to a new five-year roadmap, whose name we now know - "Perform 2020" - and whose ambition: "a growth plan", according to Alexandre de Juniac.
In the twilight of the Transform 2015 plan, the presentation of the first-half results on Friday 25 July provided an opportunity to assess the impact of the plan on the Group's finances. In addition to the increase in sales (up 11TP3Q on a like-for-like basis), there was a marked improvement in operating income in the second quarter of 2014 (€238 million, compared with €84 million over the same period in 2013).
"Despite a difficult economic environment, the Air France-KLM Group has continued its turnaround by halving its operating losses," emphasised Alexandre de Juniac, adding: "Quarter after quarter, our financial results show the impact of the productivity efforts implemented as part of Transform 2015. Alexandre de Juniac is now turning his attention to the Group's future: "Transform 2015 will come to an end in a few months' time. While maintaining the imperatives of competitiveness and consolidating the financial situation, the successor plan will also be a growth plan. This is why we have chosen to call it 'Perform 2020'. While the exact contours of the Group's new strategic direction will be unveiled in September, a number of areas already appear to be in place. Perform 2020 envisages "an efficient short- and medium-haul business, including strong positions in low-cost", and is based on "a group with less debt and a consolidated risk profile, generating a satisfactory return on capital invested".
