Air France-KLM

Investor Presentation • Apr 8, 2019

MARCH 2019 TRAFFIC

Group passenger activity: number of passengers +3.4%, traffic +2.8%, load factor -0.3pt

Traffic highlights

Passenger network activity	Capacity	Traffic	Load Factor	Change
(Air France and KLM)	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Long-haul	+ 2.7%	+ 1.7%	87.6%	- 0.9
North America	+ 6.3%	+ 4.7%	89.1%	- 1.3
Latin America	+ 10.4%	+ 7.3%	87.1%	- 2.5
Asia	+ 2.0%	+ 0.9%	89.5%	- 1.0
Africa / Middle East	- 3.6%	- 3.7%	80.4%	- 0.1
Caribbean / Indian Ocean	- 2.9%	- 2.3%	90.4%	+ 0.5
Short and Medium-haul	+ 0.9%	+ 2.9%	84.3%	+ 1.6
Total	+ 2.4%	+ 1.9%	87.0%	- 0.4

7.1 million passengers, +2.7%

Transavia activity	Capacity	Traffic	Load Factor	Change
	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Total	+ 11.3%	+ 12.0%	94.2%	+ 0.6

1.2 million passengers, +8.4%

Total group passenger	Capacity	Traffic	Load Factor	Change
activity (Air France, KLM	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
and Transavia)
Total	+ 3.1%	+ 2.8%	87.6%	- 0.3

8.3 million passengers, +3.4%

Cargo activity	Capacity	Traffic	Load Factor	Change
	(ATK, %ch.)	(RTK, %ch.)	(%)	(pts)
Total	+ 2.2%	+ 1.5%	62.2%	- 0.4

Agenda

3 rd May 2019: 1st Quarter 2019 results 10th May 2019: April 2019 traffic 28th May 2019: Annual General Meeting

Investor relations Press

Marie-Agnès de Peslouan Wouter van Beek Website: www.airfranceklm.com

+33 1 49 89 52 59 +33 1 49 89 52 60 +33 1 41 56 56 00 madepeslouan@airfranceklm.com wouter-van.beek@airfranceklm.com

STATISTICS

Passenger network activity*

		March
Total Passenger network*	2019	2018	Variation	2019	Year to date 2018	Variation
Passengers carried ('000s)	7,112	6,928	2.7%	19,745	19,287	2.4%
Revenue pax-kilometers (m RPK)	21,123	20,723	1.9%	60,221	59,114	1.9%
Available seat-kilometers (m ASK)	24,282	23,721	2.4%	69,759	68,169	2.3%
Load factor (%)	87.0%	87.4%	(0.4)	86.3%	86.7%	(0.4)
Long-haul
Passengers carried ('000s)	2,269	2,235	1.5%	6,521	6,436	1.3%
Revenue pax-kilometers (m RPK)	17,169	16,880	1.7%	49,480	48,627	1.8%
Available seat-kilometers (m ASK)	19,590	19,071	2.7%	56,598	55,192	2.5%
Load factor (%)	87.6%	88.5%	(0.9)	87.4%	88.1%	(0.7)
North America
Passengers carried ('000s)	641	608	5.4%	1,682	1,615	4.1%
Revenue pax-kilometers (m RPK)	4,555	4,351	4.7%	12,005	11,579	3.7%
Available seat-kilometers (m ASK)	5,114	4,813	6.3%	13,941	13,233	5.4%
Load factor (%)	89.1%	90.4%	(1.3)	86.1%	87.5%	(1.4)
Latin America
Passengers carried ('000s)	304	281	8.1%	921	850	8.3%
Revenue pax-kilometers (m RPK)	2,889	2,693	7.3%	8,705	8,095	7.5%
Available seat-kilometers (m ASK)	3,318	3,006	10.4%	9,722	8,858	9.8%
Load factor (%)	87.1%	89.6%	(2.5)	89.5%	91.4%	(1.8)
Asia / Pacific
Passengers carried ('000s)	541	535	1.1%	1,569	1,550	1.2%
Revenue pax-kilometers (m RPK)	4,698	4,655	0.9%	13,629	13,462	1.2%
Available seat-kilometers (m ASK)	5,247	5,143	2.0%	15,178	14,908	1.8%
Load factor (%)	89.5%	90.5%	(1.0)	89.8%	90.3%	(0.5)
Africa / Middle East
Passengers carried ('000s)	444	463	(4.0%)	1,330	1,363	(2.5%)
Revenue pax-kilometers (m RPK)	2,532	2,629	(3.7%)	7,611	7,774	(2.1%)
Available seat-kilometers (m ASK)	3,151	3,268	(3.6%)	9,376	9,556	(1.9%)
Load factor (%)	80.4%	80.4%	(0.1)	81.2%	81.4%	(0.2)
Caribbean / Indian Ocean
Passengers carried ('000s)	339	349	(2.8%)	1,020	1,056	(3.4%)
Revenue pax-kilometers (m RPK)	2,495	2,553	(2.3%)	7,530	7,717	(2.4%)
Available seat-kilometers (m ASK)	2,760	2,841	(2.9%)	8,380	8,637	(3.0%)
Load factor (%)	90.4%	89.9%	0.5	89.9%	89.4%	0.5
Short and Medium-haul
Passengers carried ('000s)	4,843	4,693	3.2%	13,224	12,851	2.9%
Revenue pax-kilometers (m RPK)	3,954	3,843	2.9%	10,741	10,487	2.4%
Available seat-kilometers (m ASK)	4,692	4,650	0.9%	13,162	12,977	1.4%
Load factor (%)	84.3%	82.6%	1.6	81.6%	80.8%	0.8

* Air France and KLM

Transavia activity

	March				Year to date
Transavia	2019	2018	Variation	2019	2018	Variation
Passengers carried ('000s)	1,172	1,081	8.4%	2,929	2,727	7.4%
Revenue pax-kilometers (m RPK)	2,105	1,880	12.0%	5,368	4,807	11.7%
Available seat-kilometers (m ASK)	2,234	2,007	11.3%	5,826	5,229	11.4%
Load factor (%)	94.2%	93.7%	0.6	92.1%	91.9%	0.2

Total group passenger activity**

March
2019	2018	Variation	2019	2018	Variation
8,284	8,009	3.4%	22,674	22,014	3.0%
23,228	22,603	2.8%	65,589	63,921	2.6%
26,516	25,728	3.1%	75,586	73,398	3.0%
87.6%	87.9%	(0.3)	86.8%	87.1%	(0.3)
					Year to date

** Air France, KLM and Transavia

Cargo activity

	March				Year to date
Total Group	2019	2018	Variation	2019	2018	Variation
Revenue tonne-km (m RTK)	746	736	1.5%	2,046	2,036	0.5%
Available tonne-km (m ATK)	1,201	1,174	2.2%	3,462	3,415	1.4%
Load factor (%)	62.2%	62.6%	(0.4)	59.1%	59.6%	(0.5)

Air France activity

	March				Year to date
Total Passenger network activity	2019	2018	Variation	2019	2018	Variation
Passengers carried ('000s)	4,351	4,133	5.3%	12,006	11,579	3.7%
Revenue pax-kilometers (m RPK)	12,492	11,880	5.2%	35,350	33,984	4.0%
Available seat-kilometers (m ASK)	14,425	13,788	4.6%	41,363	39,680	4.2%
Load factor (%)	86.6%	86.2%	0.4	85.5%	85.6%	(0.2)
Long-haul
Passengers carried ('000s)	1,364	1,301	4.8%	3,888	3,751	3.7%
Revenue pax-kilometers (m RPK)	10,085	9,599	5.1%	28,834	27,694	4.1%
Available seat-kilometers (m ASK)	11,527	10,957	5.2%	33,237	31,701	4.8%
Load factor (%)	87.5%	87.6%	(0.1)	86.8%	87.4%	(0.6)
Short and Medium-haul
Passengers carried ('000s)	2,987	2,832	5.5%	8,118	7,828	3.7%
Revenue pax-kilometers (m RPK)	2,406	2,281	5.5%	6,516	6,290	3.6%
Available seat-kilometers (m ASK)	2,899	2,830	2.4%	8,126	7,978	1.9%
Load factor (%)	83.0%	80.6%	2.4	80.2%	78.8%	1.3

	March				Year to date
Cargo activity	2019	2018	Variation	2019	2018	Variation
Revenue tonne-km (m RTK)	345	320	7.9%	918	866	5.9%
Available tonne-km (m ATK)	605	569	6.3%	1,736	1,652	5.1%
Load factor (%)	57.0%	56.2%	0.9	52.9%	52.4%	0.4

KLM activity

	March				Year to date
Total Passenger network activity	2019	2018	Variation	2019	2018	Variation
Passengers carried ('000s)	2,761	2,795	(1.2%)	7,739	7,708	0.4%
Revenue pax-kilometers (m RPK)	8,631	8,844	(2.4%)	24,871	25,130	(1.0%)
Available seat-kilometers (m ASK)	9,857	9,933	(0.8%)	28,396	28,490	(0.3%)
Load factor (%)	87.6%	89.0%	(1.5)	87.6%	88.2%	(0.6)
Long-haul
Passengers carried ('000s)	905	935	(3.1%)	2,633	2,685	(1.9%)
Revenue pax-kilometers (m RPK)	7,084	7,281	(2.7%)	20,646	20,933	(1.4%)
Available seat-kilometers (m ASK)	8,063	8,114	(0.6%)	23,361	23,490	(0.6%)
Load factor (%)	87.9%	89.7%	(1.9)	88.4%	89.1%	(0.7)
Short and Medium-haul
Passengers carried ('000s)	1,856	1,860	(0.2%)	5,107	5,023	1.7%
Revenue pax-kilometers (m RPK)	1,548	1,562	(0.9%)	4,225	4,197	0.7%
Available seat-kilometers (m ASK)	1,793	1,820	(1.5%)	5,036	4,999	0.7%
Load factor (%)	86.3%	85.8%	0.5	83.9%	84.0%	(0.1)

	March				Year to date
Cargo activity	2019	2018	Variation	2019	2018	Variation
Revenue tonne-km (m RTK)	401	416	(3.5%)	1,128	1,169	(3.5%)
Available tonne-km (m ATK)	595	605	(1.6%)	1,726	1,762	(2.1%)
Load factor (%)	67.4%	68.7%	(1.3)	65.3%	66.3%	(1.0)