{"id":101655,"date":"2020-10-30T12:49:55","date_gmt":"2020-10-30T11:49:55","guid":{"rendered":"https:\/\/www.voyages-d-affaires.com\/?p=101655"},"modified":"2022-07-28T13:45:47","modified_gmt":"2022-07-28T11:45:47","slug":"air-france-klm-3rd-quarter","status":"publish","type":"post","link":"https:\/\/www.voyages-d-affaires.com\/en\/air-france-klm-3eme-trimestre","title":{"rendered":"Air France-KLM: 3rd quarter results impacted by restrictions"},"content":{"rendered":"<p><strong>The impact of new travel restrictions from September weighed on the Group's results <a href=\"https:\/\/www.voyages-d-affaires.com\/en\/air-france-klm-chute-resultats-aide-20200409.html\/\">Air France-KLM<\/a> in the third quarter. The two airlines announced revenues down by 67% (\u20ac2,524 million) and passenger numbers down by almost 70% (8.8 million). These figures include the activity of Transavia. <\/strong><\/p>\n<p>All in all, <strong>the Air France-KLM group will have lost \u20ac1.05 billion in the third quarter<\/strong>. This represents a drop of -1.95 billion euros on last year. L<strong>Unit revenues fell by 44.5 %<\/strong> This was mainly due to lower load factors on long-haul routes.<\/p>\n    <style>\n        div.link-block {\n            margin: 1em;\n            margin-left: 2px;\n            font-weight: bold;\n            padding: 1em;\n            position: relative;\n            border-top: 1px solid #cecece;\n            border-bottom: 1px solid #cecece;\n            font-size: 1.15rem;\n        } \n        div.link-block::before {\n            display: block;\n            content: '';\n            position: absolute;\n            top: 0.5em;\n            bottom: 0.5em;\n            left: -2px;\n            background-color: #a91c2c;\n            border-radius: 2.5px;\n            width: 5px;\n        }\n        div.link-block > a {\n            text-decoration: none;\n            border-bottom: none;\n            color: black;\n            font-family: 'Roboto', Arial, sans-serif;\n        }\n        div.link-block > a:hover {\n            text-decoration: underline;\n            border-bottom: none;\n            color: black;\n        }\n        @media only screen and (max-width: 600px) {\n            div.link-block {\n                padding: 0.7em;\n            }\n        }\n    <\/style>\n    <div class=\"link-block\"><a href=\"https:\/\/www.voyages-d-affaires.com\/en\/air-france-klm-strategie\">Read also: Air France-KLM confirms its three-brand strategy<\/a><\/div>\n<p>According to Benjamin Smith, the Group's Chief Executive Officer, \"after a promising recovery in the summer, we are delighted to be back on track, <strong>the gradual closure of international borders in the second half of August and the resurgence of the pandemic weighed heavily on our third-quarter results<\/strong>. We have accelerated the implementation of measures to reduce costs and preserve our cash position. We are also working on various measures such as rapid detection tests. These will enable us to restore traffic under the best possible health conditions for our customers and employees\".<\/p>\n<h2><span style=\"color: #a71f31\">French containment will weigh on the 4th quarter<\/span><\/h2>\n<p><strong>Outlook for the fourth quarter<\/strong> should result in <strong>further decline in business<\/strong> with confinements and restrictions once again affecting Europe. The Group sees little visibility on the recovery, as passenger behaviour varies in the very short term, depending on the travel restrictions imposed.<\/p>\n<p>Air France-KLM has also indicated that the <a href=\"https:\/\/www.voyages-d-affaires.com\/en\/reconfinement-france-20201029.html\/\">confinement period<\/a> since 30 October in France is a new difficulty. The Group now expects available seat-kilometre capacity to represent 45% of 2019 capacity for KLM. <strong>For Air France, it was less than 35% in the fourth quarter 202.<\/strong>0. The absence of long-haul traffic and the delayed recovery in business traffic will continue to depress individual revenues.<\/p>\n<p>Benjamin Smith, however, is determined to remain optimistic. In the Group's press release, the CEO stresses that \"we are engaged in a profound transformation of our Group with the aim of emerging from this crisis in a stronger position, ready to<br \/>\nto meet the future challenges facing our industry. If air transport continues to connect people and cultures,<strong> we anticipate changes in customer expectations<\/strong>. \"<\/p>","protected":false},"excerpt":{"rendered":"<p>L&rsquo;impact de nouvelles restrictions aux voyages \u00e0 partir de septembre a pes\u00e9 sur les r\u00e9sultats du groupe Air France-KLM au troisi\u00e8me trimestre. Le bin\u00f4me a\u00e9rien a annonc\u00e9 des recettes en baisse de 67% ( 2 524 millions d&rsquo;euros) et un nombre de passagers en retrait de presque 70% (8,8 millions). Ces chiffres int\u00e8grent l&rsquo;activit\u00e9 de [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":101657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,59],"tags":[129,131,2171],"type-darticle":[52],"n_magazine":[],"class_list":["post-101655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobilite","category-aerien","tag-air-france","tag-compagnies-aeriennes","tag-klm","type-darticle-breve","vapo-free"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.4 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Air France-KLM: des r\u00e9sultats d\u00e9cevant au troisi\u00e8me trimestre<\/title>\n<meta name=\"description\" content=\"Une perte nette de plus d&#039;un milliard d&#039;euros et un trafic passagers en baisse de 70%: le 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