AIr France KLM, First Quarter 2009-10 Revenues

Revenues in the passenger business fell by 18.7% to 4.01 billion euros, on the back of a 4.7% reduction in  capacity, a 5.8% drop in traffic and a 14.5% decline in unit revenue per RPK. The cargo business  continues to be particularly affected by the crisis. Cargo revenues recorded a drop of 41.5% to 544 million  euros due to a decline in traffic of 22.7% for a 17.2% reduction in capacity. Unit revenue per RTK declined  by 25.1%.

The Group’s revenues reflect a continuation of the trend of the Quarter January-March 2009, in line with  our expectations.  We maintain our assumption of a more limited deterioration in the Second Quarter and  stability in the last two quarters, with even a slight improvement at the end of the year compared with the  Second Half 2008-09, itself already impacted by the crisis. 

(c) Centre for Asia Pacific Aviation. Date posted: 24-Jul-09

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