On Monday 4 July, Bolloré Logistics and Air France KLM Martinair Cargo (AFKLMP Cargo) signed an agreement aimed at continuing and further expanding both parties’ sustainability partnership.
14 July, 2022
Bolloré Logistics and Air France KLM Martinair Cargo extend and expand their sustainability partnership
On Monday 4 July, Bolloré Logistics and Air France KLM Martinair Cargo (AFKLMP Cargo) signed an agreement aimed at continuing and further expanding both parties’ sustainability partnership.
25 May, 2022
Air France-KLM launches a €2.256 billion rights issue to be subscribed in cash and/or by offsetting claims
19 May, 2022
Air France-KLM and CMA CGM join forces for major strategic partnership for global air cargo
Air France-KLM and CMA CGM to jointly sell their air freight capacity
A 10-year exclusive strategic commercial partnership to strengthen their air cargo offering
4 full-freighter aircraft at CMA CGM Air Cargo (with outstanding orders for an additional 8 aircraft, 2 of which may be operated by Air France-KLM in the future),6 full-freighter aircraft at Air France-KLM Group based at Paris-Charles de Gaulle airport and Amsterdam Airport Schiphol (with outstanding orders for an additional 4 aircraft).
The partnership will leverage both partners' respective global sales teams, presenting one voice to the customer.
CMA CGM Group to become a reference shareholder of Air France-KLM Group
12 April, 2022
Four cargo Airbus A350Fs for Air France-KLM
Air France-KLM has finalised its order with Airbus for four new generation A350F freighters, following the earlier commitment announced in December 2021. The freighters are destined to increase Air France’s cargo capacity with the most efficient and sustainable cargo aircraft available in the market.
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The A350F offers unbeatable efficiency and sustainability in terms of fuel burn, CO2 emissions and economics, and it will be the first new freighter to meet the latest ICAO CO2 requirements.The A350F offers nose-to-tail innovation with advanced materials (including carbon fibre and titanium) for reduced maintenance and the highest operational availability in its class.The A350F offers superior economics due to the best combination of payload, volumetric capacity and range.The A350F can be seamlessly integrated into airline fleets, having spares and tooling commonality with the A350 passenger aircraft for airframe and engines, as well as “same type rating” for flight crews and ground technicians.The A350F is the future-proof choice for the large widebody freighter market.
The A350F is much lighter and less maintenance-intensive than its competitors, largely thanks to its structure which comprises over 70% advanced materials such as composites, titanium and modern aluminium alloys. Notably, the wings, the centre wing box and also the fuselage panels are manufactured mostly with composites. These materials choices result in a lighter, stiffer, stronger, more capable and cost-efficient aircraft, while increasing resistance to corrosion and fatigue for reduced maintenance requirements. In fact, Airbus calculates that the A350F will provide its customers around 65 more revenue days due to less maintenance downtime versus the proposed 777-8F over 16 years, thanks to the A350F’s clean-sheet advanced materials and well-integrated systems. Moreover, these predictions are realistic given the proven track record of the A350-900 and -1000 in service today which are delivering more operational availability for extra revenue for operators.
On top of the low fuel consumption which already contributes to major savings, the A350F’s unbeatable economics are also built on the three tonnes additional structural payload (for a total of 109 tonnes) compared with the 777F. Moreover, to do the same job as its current competitor, the A350F will weigh around 28 tonnes less at take-off due to its much lighter composite fuselage & centre wing box, while burning around 20% less trip fuel. This also means that operators of Airbus’ new A350F freighter will benefit from lower landing and navigation charges.
As for the proposed 777-8F, while the current estimates suggests that it could offer six percent more volume and seven tonnes more payload than the A350F, this would come with a hefty burden of at least 32 additional metric tonnes (32,000kgs) of take-off weight (Airbus’ initial estimate) – which increases fuel burn, CO2 emissions and airport charges.
The A350F’s higher running-load capability over more of the floor will provide superior pallet loading flexibility and C-of-G management. In particular, its operators will be able to utilise the full 6.8 tonnes maximum certified limit for a 96x125 pallet for 20 of the 30 pallet positions, whereas the 777F only offers six pallet positions with a 6.8t pallet capability – with all the rest being limited to a maximum loading of only around four tonnes where the floor loading is more limited.Mention should also be made of the A350F’s composite main-deck-cargo door (MDCD). With a clear opening measuring 3.72m by 3.16m, it allows loading on board of all new large turbofan engines. Meanwhile, the flexibility of the main-deck cargo-loading system (CLS) inside the aircraft provides for up to six positions for these engines to be directly latched, instead of using straps. The use of latches not only minimises turnaround time, but also frees-up space adjacently for two extra pallets.
Another key requirement when defining the A350F was the capability to fly from Hong Kong to Anchorage – an industry benchmark mission as it is the most often flown cargo route in the world – at full payload. Accordingly, the A350F with 109t max structural payload can carry it over 4,700nm to enable this route, and do so with the lowest possible fuel burn and proportionally reduced CO2 emissions.
13 December, 2021
AF-KLM has redeemed 500 million euros of the outstanding 4 billion euros bank loan guaranteed by the French State (the “PGE”) and negotiated a revision of the redemption profile with a maturity extended from May 2023 to May 2025
Air France-KLM has redeemed 500 million euros of the outstanding 4 billion euros bank loan guaranteed by the French State (the “PGE”) and negotiated a revision of the redemption profile with a maturity extended from May 6, 2023 to May 6, 2025
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14 October, 2021
Air France and KLM Royal Dutch Airlines offer four weekly designated Vaccinated Travel Lane (VTL) flights to Singapore
As of 21 October 2021, Air France and KLM Royal Dutch Airlines will offer quarantine-free travel with designated Vaccinated Travel Lane (VTL) flights to Singapore from Paris and Amsterdam.
As of 21 October 2021, Air France will offer two weekly designated VTL flights from Paris-CDG every Thursday and Saturday until 31 October 2021, and as of 1 November 2021, every Friday and Sunday.As of 01 November 2021, KLM will offer two weekly designated VTL flights from Amsterdam every Monday and Saturday.
01 August, 2021
Air France-KLM Second Quarter 2021 results
The Air France-KLM Group’s results improved compared to last year; although still impacted by travel restrictions:
- Revenue at 2,750 million euros, up 1,568 million compared to last year
- Operating result at -752 million euros, up 801 million euros compared to last year
- EBITDA loss reduced to -248 million euros
- Net income at -1,489 million euros, including negative impact of the derecognition of the KLM ground pension fund
- Restructuring programs showing improved results and structural benefits increased to 2.1 billion euros
- The group increased its capital by 1 billion euros, converted the direct French State loan of 3 billion euros into perpetual hybrid instruments and issued a Senior bond of 800 million euros of which the cash will be received in the Third quarter
- Net debt at 8.3 billion euros, down by 2.7 billion euros compared to end of 2020 thanks to the first set of capital strengthening measures
26 June, 2021
Success of Air France-KLM’s €800 million notes issue via two tranches
The Air France-KLM group announced this week from its Paris office the successful placement of an issue of €800 million senior notes via two tranches:
02 June, 2021
Sustainability report from Air France-KLM 2020 released
The Air France-KLM group has published its 2020 Sustainable Development Report which has shown that despite one of the worst years in the commercial aviation industry the airline group still continued to forge ahead with its objectives of reducing its environmental footprint. By 2030.
Highlights of KLM’s sustainability activities 2020
29 May, 2021
The first long-haul flight powered By sustainable aviation fuel produced in France takes off.....
19 May, 2021
Two court victories for Ryanair over state aid to European carriers.
10 May, 2021
Steven Zaat to take over group CFO position at Air France-KLM
03 May, 2021
Air France-KLM announces the success of its capital increase
Air France-KLM announces the success of its capital increase for an amount of €1.036 billion after exercise in full of the increase option
06 April, 2021
New capital-strengthening measures for Air France - KLM
The Air France-KLM group has confirmed the European Commission has approved a bail-out from the French government to the tune of €4 billion in order to recapitalise Air France and the group as it battles huge debts and a choppy future following the coronavirus crisis.
22 February, 2021
Air France - KLM results for 2020
The Covid-19 crisis severely impacted the Full Year 2020 results:
- Revenue at 11.1 billion euros, down 59% compared to last year
- EBITDA loss at -1.7 billion euros, limited due to cost control
- Group net employee cost down 35% in 2020 compared to last year, supported by staff reductions, state support mechanisms and activity related wages. Average number of FTEs (Full Time Equivalent) in December 2020 decreased by 8,700 compared to December 2019
- Operating result at –4.5 billion euros, down 5.7 billion euros compared to last year
- Net income at -7.1 billion euros, including restructuring provision at -822 million euros, over-hedging at -595 million euros and fleet impairment at -672 million euros
- Net debt at 11.0 billion euros, up 4.9 billion compared to end of 2019
- At 31 December 2020, the Group has 9.8 billion euros of liquidity and credit lines at disposal
OUTLOOK
After a positive Christmas traffic in Domestic France and to the Caribbean and Indian Ocean, travel restrictions were tightened in France, the Netherlands and worldwide, having a negative impact on the traffic of the Group in the first quarter of 2021.
Due to the lockdown and travel restrictions still in place, the Group anticipates a challenging First quarter 2021, with a lower EBITDA compared to the Fourth Quarter 2020.
There is limited visibility on the demand recovery curve as customer booking behavior is much more short-term oriented and also highly dependent on the imposed travel restrictions, on both the Long Haul and Medium Haul network.
In this context the Group expects
capacity in Available Seat kilometers circa index 40 for Air France-KLM
in the First quarter 2021 compared to 2019 for the Network passenger
activity due to negative environment.
The Group will progressively
ramp up capacity towards summer 2021 and expects recovery in the second
and third quarter 2021 thanks to the vaccine deployment.
The Air France-KLM Group continues to work on quasi-equity and equity solutions in order to strengthen balance sheet and expects progress in the following weeks. Discussions are continuing with the European Comission within the “Temporary Framework” (TF).
14 November, 2020
Air France KLM Martinair Cargo ready to transport COVID-19 vaccines
01 November, 2020
Air France - KLM third quarter results show operational loss of 1,046 million euros
31 October, 2020
KLM's survival in doubt after Dutch government puts a halt on bailout cash
KLM Royal Dutch Airlines is on the very brink of survival after the Dutch government has promised to halt remaining payments to the airline following the firms pilots refusal to accept pay freezes.
04 September, 2020
Redemption of the EUR 600 million undated deeply subordinated notes (of which EUR 403.3 million are outstanding) issued in 2015 (ISIN FR0012650281)
30 July, 2020
Air France - KLM latest result show losses of 1,553 million euros
The Covid-19 crisis severely impacted the Second quarter 2020 results:
- Revenue at 1,182 million euros, down 5,839 million compared to last year
- Operating result at –1,553 million euros, down 1,976 million euros compared to last year
- EBITDA loss minimalized to an average of 260 million euros per month compared to an initial estimate of 400 million euros thanks to effective cash preservation and cost control measures
- Net income at -2,612 million euros, including an impairment on Airbus 380 and 340 aircraft at respectively -520 and -72 million euros, Covid-19 related over-hedging at -105 million euros, and restructuring provision at -227 million euros
- Net debt/EBITDA ratio at 4.8x, compared to 1.5x at the end of 2019