11 December, 2018

Air France KLM group November results better than expected

Photo KLM
Around this time in each month, the major airlines of the world reveal how well they performed in the preceding month, the Air France KLM group has done just that and its November 2018 results make interesting reading. 

Many in the industry had expected the group to report reductions in both loads and revenues #, however, across the network, the group saw passenger numbers rise, as did the network, while load factors remained fairly constant. 

KLM performed very well, it carried 3% more passengers on board in November compared to the same month last year. With traffic up by 3.5% measured in revenue passenger kilometres (RPKs) and increased capacity of 2% measured in available seat kilometres (ASKs), passenger load factor rose by 1.2% points to 87.7%.   "The favourable trend in KLM’s traffic figures continued through to the second month of the fourth quarter as well. Including the month of November, KLM has welcomed a total of 31.5 million passengers on board during the past eleven months. We are already well on our way to our goal: 34 million KLM passengers in 2018." Said Pieter Elbers - KLM President & CEO.

The same trend was visible at Transavia where increased traffic measured in RPKs exceeded additional capacity, consequently boosting passenger load factor. Cargo load factor came under pressure last month at KLM Cargo as a result of a steep decline in traffic volumes (-2.3% RFTKs) in relation to capacity (-1.3% AFTKs). Consequently, cargo load factor declined by 0.8% points to 70%.

Photo Air France

Photo Transavia