Air France-KLM

Earnings Release • Dec 6, 2013

NOVEMBER 2013 TRAFFIC

• Passenger: rise in traffic (+0.9%) and decline in load factor (-0.8 point)
• Cargo: slight increase in traffic (+0.4%) and load factor (+0.5 point)

Passenger

In November 2013, passenger traffic rose by 0.9% for a 2.0% increase in capacity. As a result, the load factor declined by 0.8 points to 80.3%. As expected, unlike last year, traffic benefited much less from the French All Saints Day school holidays¹ , the postponement in travel due to Hurricane Sandy, and the timing of Thanksgiving. The Group carried 6.0 million passengers (-0.2%). Unit revenue per available seat kilometer (RASK) ex-currency was down relative to November 2012.

• On the Americas network, traffic rose by 2.2% for capacity up by 5.3%. At 83.4%, the load factor was 2.5 points lower than the high level reached last year (86.0%). Capacity growth remains driven by the development of the Latin American network (+7.7%), the growth to/from North America being less strong (+3.8%).
• The Asia network posted a 1.5% decline in traffic for stable capacity (-0.1%), the load factor falling by 1.1 points to 81.7%.
• On the Africa and Middle East network, traffic was up by 2.0% for a 5.5% increase in capacity, the load factor standing at 75.6%, down by 2.5 points.
• The Caribbean and Indian Ocean network remained dynamic: traffic was up by 3.7% for capacity up by 2.4%, the load factor increasing by 1.2 points to 87.4%.
• On the European network, traffic declined by 0.6% while capacity was down by 2.8%. The load factor rose by 1.6 points to 73.9%.

Cargo

Cargo posted a modest 0.4% increase in traffic for virtually stable capacity (-0.3%), leading to a 0.5 point rise in load factor to 68.7%. Unit revenue per available ton kilometer (RATK) ex-currency decreased compared with November 2012.

Recent developments

Air France-KLM continues its development in rapidly-growing markets.

• Since 25th November, Air France flies to Panama City in addition to the daily KLM service. A leader in Central and South America and the Caribbean in terms of the number of seats offered, the Group serves 25 destinations in this region and offers over 200 weekly flights departing from Paris-Charles de Gaulle and Amsterdam-Schiphol.
• The Group has extended its partnership agreement with Kenya Airways. Starting from 1st January 2014, the joint-venture will cover six routes between Europe and East Africa: Amsterdam-Nairobi, Paris-Nairobi, London-Nairobi, Amsterdam-Entebbe/Kigali, Amsterdam-Lusaka/Harare, Amsterdam-Kilimandjaro/Dar-es-Salaam.
• For the International Forum for investments in the Ivory Coast, Air France will operate a special flight to Abidjan by Airbus A380 on 28th January 2014. For the 2014 Winter season, the airline wishes to service Abidjan by A380 on a regular basis.

¹ In 2012: from 27th October to 12th November; in 2013: from 9th October to 4th November

Agenda

• 8th January 2014: December 2013 traffic
• 7th February 2014: January 2014 traffic
• 20th February 2014: Annual Results 2013

Contacts

Dominique Barbarin Bertrand Delcaire SVP Investor Relations VP Investor Relations Tel : +33 1 49 89 52 60 Tel : +33 1 49 89 52 59 Email : dobarbarin@airfranceklm.com Email : bedelcaire@airfranceklm.com

website: www.airfranceklm-finance.com

STATISTICS

Passenger activity (in millions)	November			Year to date
Total Group	2013	2012	Variation	2013	2012	Variation
Passengers carried (000s)	5,992	6,005	(0.2%)	72,237	71,461	1.1%
Revenue pax-kilometers (RPK)	17,371	17,216	0.9%	210,312	205,917	2.1%
Available seat-kilometers (ASK)	21,621	21,207	2.0%	250,901	247,335	1.4%
Load factor (%)	80.3%	81.2%	(0.8)	83.8%	83.3%	0.6
Europe (including France)
Passengers carried (000s)	4,130	4,162	(0.8%)	49,718	49,293	0.9%
Revenue pax-kilometers (RPK)	3,307	3,327	(0.6%)	41,015	40,728	0.7%
Available seat-kilometers (ASK)	4,474	4,603	(2.8%)	53,461	54,467	(1.8%)
Load factor (%)	73.9%	72.3%	1.6	76.7%	74.8%	1.9
Americas
Passengers carried (000s)	699	685	2.1%	9,113	8,982	1.5%
Revenue pax-kilometers (RPK)	5,525	5,409	2.2%	71,049	69,553	2.2%
Available seat-kilometers (ASK)	6,624	6,293	5.3%	80,312	78,713	2.0%
Load factor (%)	83.4%	85.9%	(2.5)	88.5%	88.4%	0.1
Asia / Pacific
Passengers carried (000s)	472	483	(2.3%)	5,612	5,481	2.4%
Revenue pax-kilometers (RPK)	4,157	4,219	(1.5%)	49,801	47,712	4.4%
Available seat-kilometers (ASK)	5,086	5,090	(0.1%)	58,093	55,481	4.7%
Load factor (%)	81.7%	82.9%	(1.1)	85.7%	86.0%	(0.3)
Africa / Middle East
Passengers carried (000s)	418	411	1.7%	4,754	4,685	1.5%
Revenue pax-kilometers (RPK)	2,366	2,319	2.0%	26,445	25,978	1.8%
Available seat-kilometers (ASK)	3,131	2,969	5.5%	33,033	32,293	2.3%
Load factor (%)	75.6%	78.1%	(2.5)	80.1%	80.4%	(0.4)
Caribbean / Indian,Ocean
Passengers carried (000s)	273	264	3.4%	3,040	3,021	0.6%
Revenue pax-kilometers (RPK)	2,015	1,943	3.7%	22,001	21,945	0.3%
Available seat-kilometers (ASK)	2,305	2,252,	2.4%	26,001	26,380	(1.4%)
Load factor (%)	87.4%	86.3%	1.2	84.6%	83.2%	1.4
Cargo activity (in millions)
	November		Year to date
Total Group	2013	2012	Variation	2013	2012	Variation
Revenue tonne-km (RTK)	891	887	0.4%	9,239	9,697	(4.7%)
Available tonne-km (ATK)	1,297	1,301	(0.3%)	14,673	15,094	(2.8%)
Load factor (%)	68.7%	68.2%	0.5	63.0%	64.2%	(1.3)
Europe (including France)
Revenue tonne-km (RTK)	6	6	(6.8%)	61	62	(2.9%)
Available tonne-km (ATK)	41	43	(4.6%)	486	492	(1.3%)
Load factor (%)	13.7%	14.0%	(0.3)	12.4%	12.7%	(0.2)
Americas
Revenue tonne-km (RTK)	360	361	(0.3%)	3,796	3,864	(1.8%)
Available tonne-km (ATK)	522	519	0.6%	6,129	6,070	1.0%
Load factor (%)	69.1%	69.7%	(0.6)	61.9%	63.7%	(1.7)

Asia / Pacific
Revenue tonne-km (RTK)	355	342	4.0%	3,574	3,877	(7.8%)
Available tonne-km (ATK)	420	426	(1.4%)	4,590	4,980	(7.8%)
Load factor (%)	84.5%	80.2%	4.3	77.9%	77.8%	0.0
Africa / Middle East
Revenue tonne-km (RTK)	134	141	(5.4%)	1,437	1,492	(3,6%)
Available tonne-km (ATK)	224	224	0.2%	2,479	2,503	(1,0%)
Load factor (%)	59.5%	63.0%	(3.5)	58.0%	59.6%	(1.6)
Caribbean / Indian Ocean
Revenue tonne-km (RTK)	36	37	(2.5%)	371	401	(7,7%)
Available tonne-km (ATK)	90	89	0.6%	989	1,049	(5,7%)
Load factor (%)	40.2%	41.5%	(1.3)	37.5%	38.3%	(0.8)