2018, A Record Year for Air France-KLM, which Exceeded 100 Million Passengers

Finance
2018 was a record year for Air France-KLM

RECORD: The activity of the Air France-KLM group was nevertheless affected in December by strikes and the movement of “yellow vests” …

Great first for Air France-KLM . The giant of the French-Dutch air transport crossed for the first time last year the bar of the 100 million passengers transported, a record obtained despite an internal social movement in the spring and that of the “yellow vests” at the end of the year. In total, the group has transported 101,447,000 passengers in 2018, an increase of 2.8% over the previous year, he said Wednesday in a statement.

The activity of the Air France-KLM group was however affected in December by the protest movements in France which “had a negative impact of approximately 15 million euros on revenues”. This estimate takes into account cancellations of flights by passengers and loss of earnings related to the situation in France.

Strike movements

The accounts of the group had already suffered the consequences of 15 days of strikes observed at Air France in the spring and whose impact had been estimated at least “300 million euros” on the operating result. This move was suspended in May after the resignation of CEO Jean-Marc Janaillac, disavowed by staff during a consultation on a wage agreement launched on his initiative. The new boss of Air France-KLM, Benjamin Smith, defector of Air Canada, took office in mid-September.



The group is due to report its annual financial results on February 20th. In December, the four branches of the group -Air France, the French domestic routes company HOP! , KLM and the low-cost Transavia- transported a total of 7.7 million passengers, a figure up by 3.6% compared to December 2017. Over the year, Transavia increased the number of passengers transported by 7 , 1%, better than Air France and HOP! which have shipped 51,449,000 passengers, a figure up 0.4% compared to 2017. The Dutch KLM has for its part made travel 34.170.000 passengers, traffic up 4.5%.

The group IAG, parent company of five airlines including British Airways and one of the main competitors of the Franco-Dutch group, announced Tuesday to have transported nearly 113 million passengers in 2018.

2018, A Record Year for Air France-KLM, which Exceeded 100 Million Passengers 1

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