Air France KLM financial year 2014: first half results

© Rebius

SECOND QUARTER
 Revenues of 6.45 billion euros, up 1.7% like-for-like; passenger unit revenue up 1.3% at constant currency thanks to strict capacity discipline
 Operating result of 238 million euros, improvement of 154 million euros  EBITDA1 of 641 million euros, improvement of 131 million euros  Ongoing cost reduction: reported unit cost1 down 4.0%, and 1.7% like-for-like  Further reduction of full-freighter exposure: 106 million-euro impairment charge
recorded
FIRST HALF
 Revenues of 12.01 billion euros, up 1.0% like-for-like  Net result, group share of -614 million euros, improvement of 185 million euros  Adjusted net result, group share1 of -342 million euros, improvement of 344 million
euros  Net debt of 5.4 billion euros; net debt/EBITDA ratio of 2.6, a 0.3 point
improvement compared to 31 December 2013