Air France-KLM Group Q2 cargo revenue down 34%

Tonnage declined 10 percent to 213,000 tonnes in Q22023, and the load factor was 7.3 points below 2022. Due to increased belly capacity, the yield declined as well resulting in a decrease in unit revenue per available tonne kilometre of -42% against constant currency.

While Air France reported 11% decline in revenue tonne kilometre and 6% increase in capacity, KLM reported 5% decline in revenue tonne kilometre and 7% increase in capacity.

Air France-KLM Group reported a 14% increase in revenue at €7.6 billion ($8.4 billion) for Q22023, and net income increased 86% to €604 million. Group capacity was at 92% compared to 2019 with load factor at 88%.

We have again delivered a strong set of results. In spite of the inflationary context, we posted double-digit growth in our revenues and a record operating margin. The rollout of new award-winning products across our airlines continued unabated, which serves as a testament of the commitment of our employees, whom I would like to thank: Benjamin Smith, Air France-KLM Group

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