The Air France-KLM group has announced its results for the 4th quarter of 2022 and for the past year. The group posted profits : the cSALES total from Group reached 26,4 billion, while operating profit amounted to 1.2 billion euros.. This resulted in an operating margin of 4.5 %, well ahead of 2019 (4.2 %).
Last year, the Air France-KLM Group welcomed 83.3 million passengers, 86.5% more than the previous year. Capacity increased by 44.2% and traffic by 104.6%, the aircraft load factor has risen sharply. It is displayed up 24.8 points on 2021. Let an average rate of 84% over the year as a whole, and by almost 86% in the final quarter.
Unit revenue Passage per Available Seat Kilometre (ASK) increased by 51,6%at constant exchange rates compared with 2021. Or 7.5 euro cents per ASK.
The Air France group to win back Europe
This healthy financial position will enable the Group to repay the loans taken out during Covid. A end December 2022, Air France–KLM had already repaid 4.9 billion euros of support cashs debt profile. Groupe. The Group estimates that in next April, it will withdraw in full from the €1.2 billion recapitalisation aid granted by the French government and the associated constraints.
Which, according to Ben Smith to the newspaper Les Echos, will Air France-KLM to resume its expansion policy and airline acquisitions to create another powerful European airline group. One that will be able to compete withhegemony of the Lufthansa group on the continent.
On the outlook for 2023, Air France–KLM remains very optimistic. Ainsi, the Groupe plans a seating capacity–kilometres for passenger services on the Air France network–KLM from the order of 90% à 95% for the first half of 2023 compared with 2019. This capacity would exceed 95% for the second half of 2023.
The low-cost subsidiary Transavia should see its capacity increase byabout 135% in 2023 compared with 2019. The latter carried 18.5 million passengers in 2022or an increase of 108.3% compared with 2019. And it will symbolically pass the 100 aircraft mark in its fleet this year.
