Air France KLM has posted a net loss of €552 million for the first quarter of 2021, one-third of the €1.5 billion loss reported during the same period last year.
Operating result was negative 350 million euros, with a margin of negative 7.9%, narrower than last year’s negative 1.18 billion euros.
However, the airline posted a positive EBITDA of 221 million euros, despite the continued effect of the Omicron variant, the Russia invasion of Ukraine, and the sharp increase of fuel prices. The prior year’s EBITDA was negative 628 million euros.
The airline’s revenues grew 105.7% to 4.45 billion euros from last year’s 2.16 billion euros. Revenue growth was 104.4%.
The number of passengers surged 201.4% from last year to 14.58 million. Capacity grew 67.8% to 58.06 billion ASKs and traffic grew 207.8% to 43.13 billion RPKs.
Compared to 2019, the last full year before the crisis, the group deployed 75% of its capacity in the first quarter, measured in seats-kilometres offered (SKOs), one of the industry’s benchmark indices.
Air France KLM is a Franco-Dutch airline holding company with its headquarters at Charles de Gaulle Airport in Tremblay-en-France, near Paris.
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