Air France-KLM

Earnings Release • Dec 10, 2018

NOVEMBER 2018 TRAFFIC

Group passenger activity: number of passengers +3.3%, traffic +4.8%, load factor +0.7pt

Traffic highlights

Passenger network activity	Capacity	Traffic	Load Factor	Change
(Air France, KLM, HOP!)	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Long-haul	+ 3.3%	+ 4.4%	87.1%	+ 0.9
North America	+ 4.7%	+ 5.8%	87.8%	+ 0.8
Latin America	+ 11.5%	+ 11.2%	84.9%	- 0.2
Asia	+ 2.2%	+ 4.5%	90.1%	+ 2.0
Africa / Middle East	- 1.6%	+ 0.3%	82.2%	+ 1.6
Caribbean / Indian Ocean	- 0.4%	- 0.9%	88.4%	- 0.5
Short and Medium-haul	+ 1.7%	+ 1.0%	81.0%	- 0.5
Total	+ 3.0%	+ 3.8%	85.9%	+ 0.7

6.7 million passengers, +2.0%

Transavia activity	Capacity	Traffic	Load Factor	Change
	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Total	+ 17.9%	+ 19.0%	91.2%	+ 0.8

0.9 million passengers, +13.8%

Total group passenger	Capacity	Traffic	Load Factor	Change
activity (Air France, KLM,	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
HOP!, Transavia)
Total	+ 3.9%	+ 4.8%	86.3%	+ 0.7

7.6 million passengers, +3.3%

Cargo activity	Capacity	Traffic	Load Factor	Change
	(ATK, %ch.)	(RTK, %ch.)	(%)	(pts)
Total	+ 1.0%	+ 0.8%	65.2%	- 0.1

Agenda

9 th January 2019: December 2018 traffic 8 th February 2019: January 2019 traffic 20th February 2019: Full year 2018 results

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*

Total Passenger network* 2018 2017 Variation 2018 2017 Variation Passengers carried ('000s) 6,741 6,606 2.0% 78,833 77,323 2.0% Revenue pax-kilometers (m RPK) 20,077 19,346 3.8% 234,619 228,244 2.8% Available seat-kilometers (m ASK) 23,379 22,702 3.0% 267,854 262,627 2.0% Load factor (%) 85.9% 85.2% 0.7 87.6% 86.9% 0.7 Long-haul Passengers carried ('000s) 2,158 2,073 4.1% 25,161 24,547 2.5% Revenue pax-kilometers (m RPK) 16,359 15,665 4.4% 189,812 184,137 3.1% Available seat-kilometers (m ASK) 18,791 18,189 3.3% 214,246 209,291 2.4% Load factor (%) 87.1% 86.1% 0.9 88.6% 88.0% 0.6 North America Passengers carried ('000s) 599 569 5.2% 7,638 7,396 3.3% Revenue pax-kilometers (m RPK) 4,276 4,044 5.8% 54,461 52,713 3.3% Available seat-kilometers (m ASK) 4,871 4,650 4.7% 61,121 59,473 2.8% Load factor (%) 87.8% 87.0% 0.8 89.1% 88.6% 0.5 Latin America Passengers carried ('000s) 290 256 13.2% 3,135 2,886 8.6% Revenue pax-kilometers (m RPK) 2,735 2,460 11.2% 30,006 27,652 8.5% Available seat-kilometers (m ASK) 3,220 2,888 11.5% 33,370 30,832 8.2% Load factor (%) 84.9% 85.2% (0.2) 89.9% 89.7% 0.2 Asia / Pacific Passengers carried ('000s) 531 507 4.7% 5,891 5,709 3.2% Revenue pax-kilometers (m RPK) 4,618 4,420 4.5% 51,618 50,192 2.8% Available seat-kilometers (m ASK) 5,128 5,017 2.2% 56,891 55,689 2.2% Load factor (%) 90.1% 88.1% 2.0 90.7% 90.1% 0.6 Africa / Middle East Passengers carried ('000s) 453 452 0.1% 5,101 5,184 (1.6%) Revenue pax-kilometers (m RPK) 2,591 2,584 0.3% 28,832 28,963 (0.4%) Available seat-kilometers (m ASK) 3,152 3,205 (1.6%) 34,546 35,066 (1.5%) Load factor (%) 82.2% 80.6% 1.6 83.5% 82.6% 0.9 Caribbean / Indian Ocean Passengers carried ('000s) 286 289 (1.1%) 3,397 3,373 0.7% Revenue pax-kilometers (m RPK) 2,138 2,158 (0.9%) 24,895 24,618 1.1% Available seat-kilometers (m ASK) 2,419 2,429 (0.4%) 28,318 28,231 0.3% Load factor (%) 88.4% 88.8% (0.5) 87.9% 87.2% 0.7 Short and Medium-haul Passengers carried ('000s) 4,583 4,533 1.1% 53,671 52,776 1.7% Revenue pax-kilometers (m RPK) 3,718 3,681 1.0% 44,807 44,108 1.6% Available seat-kilometers (m ASK) 4,588 4,513 1.7% 53,608 53,336 0.5%			November			Year to date
	Load factor (%)	81.0%	81.6%	(0.5)	83.6%	82.7%	0.9

* Air France KLM, and HOP!

Transavia activity

	November				Year to date
Transavia	2018	2017	Variation	2018	2017	Variation
Passengers carried ('000s)	875	768	13.8%	14,932	13,972	6.9%
Revenue pax-kilometers (m RPK)	1,673	1,406	19.0%	26,694	24,331	9.7%
Available seat-kilometers (m ASK)	1,834	1,555	17.9%	28,931	26,803	7.9%
Load factor (%)	91.2%	90.4%	0.8	92.3%	90.8%	1.5

Total group passenger activity**

	November			Year to date
Total group**	2018	2017	Variation	2018	2017	Variation
Passengers carried ('000s)	7,616	7,374	3.3%	93,765	91,295	2.7%
Revenue pax-kilometers (m RPK)	21,750	20,752	4.8%	261,313	252,575	3.5%
Available seat-kilometers (m ASK)	25,213	24,257	3.9%	296,785	289,430	2.5%
Load factor (%)	86.3%	85.5%	0.7	88.0%	87.3%	0.8

** Air France KLM, HOP! and Transavia

Cargo activity

	November			Year to date
Total Group	2018	2017	Variation	2018	2017	Variation
Revenue tonne-km (m RTK)	765	759	0.8%	7,891	7,839	0.7%
Available tonne-km (m ATK)	1,174	1,162	1.0%	13,156	13,144	0.1%
Load factor (%)	65.2%	65.3%	(0.1)	60.0%	59.6%	0.3

Air France and HOP! activity

		November			Year to date
Total Passenger network activity	2018	2017	Variation	2018	2017	Variation
Passengers carried ('000s)	4,050	3,994	1.4%	47,350	47,142	0.4%
Revenue pax-kilometers (m RPK)	11,564	11,120	4.0%	135,672	133,026	2.0%
Available seat-kilometers (m ASK)	13,672	13,190	3.7%	157,075	155,177	1.2%
Load factor (%)	84.6%	84.3%	0.3	86.4%	85.7%	0.6
Long-haul
Passengers carried ('000s)	1,260	1,207	4.3%	14,791	14,563	1.6%
Revenue pax-kilometers (m RPK)	9,335	8,904	4.8%	108,847	106,354	2.3%
Available seat-kilometers (m ASK)	10,834	10,400	4.2%	124,230	122,096	1.7%
Load factor (%)	86.2%	85.6%	0.5	87.6%	87.1%	0.5
Short and Medium-haul
Passengers carried ('000s)	2,791	2,786	0.2%	32,559	32,579	(0.1%)
Revenue pax-kilometers (m RPK)	2,229	2,216	0.6%	26,825	26,673	0.6%
Available seat-kilometers (m ASK)	2,839	2,789	1.8%	32,845	33,081	(0.7%)
Load factor (%)	78.5%	79.4%	(0.9)	81.7%	80.6%	1.0

	November				Year to date
Cargo activity	2018	2017	Variation	2018	2017	Variation
Revenue tonne-km (m RTK)	346	330	4.8%	3,459	3,415	1.3%
Available tonne-km (m ATK)	576	556	3.5%	6,528	6,377	2.4%
Load factor (%)	60.1%	59.3%	0.7	53.0%	53.5%	(0.6)

KLM activity

		November	Year to date
Total Passenger network activity	2018	2017	Variation	2018	2017	Variation
Passengers carried ('000s)	2,691	2,612	3.0%	31,482	30,181	4.3%
Revenue pax-kilometers (m RPK)	8,513	8,226	3.5%	98,947	95,218	3.9%
Available seat-kilometers (m ASK)	9,707	9,512	2.0%	110,779	107,450	3.1%
Load factor (%)	87.7%	86.5%	1.2	89.3%	88.6%	0.7
Long-haul
Passengers carried ('000s)	898	866	3.8%	10,370	9,984	3.9%
Revenue pax-kilometers (m RPK)	7,024	6,760	3.9%	80,966	77,783	4.1%
Available seat-kilometers (m ASK)	7,957	7,788	2.2%	90,016	87,195	3.2%
Load factor (%)	88.3%	86.8%	1.5	89.9%	89.2%	0.7
Short and Medium-haul
Passengers carried ('000s)	1,793	1,747	2.6%	21,112	20,197	4.5%
Revenue pax-kilometers (m RPK)	1,488	1,465	1.6%	17,981	17,435	3.1%
Available seat-kilometers (m ASK)	1,750	1,724	1.5%	20,763	20,255	2.5%
Load factor (%)	85.1%	85.0%	0.1	86.6%	86.1%	0.5

	November				Year to date
Cargo activity	2018	2017	Variation	2018	2017	Variation
Revenue tonne-km (m RTK)	419	429	(2.3%)	4,432	4,425	0.2%
Available tonne-km (m ATK)	598	606	(1.3%)	6,628	6,767	(2.1%)
Load factor (%)	70.0%	70.8%	(0.7)	66.9%	65.4%	1.5