Air France-KLM

Earnings Release • Jun 8, 2015

MAY 2015 TRAFFIC

• Strong traffic: group passenger numbers up 3.2%
• Passenger network: strict capacity discipline, continued pressure on unit revenues ex-currency, unit revenues slightly up including currency
• Ongoing accelerated development of Transavia in France
• Restructuring of cargo: full-freighter capacity down 25%

Traffic highlights

Passenger network activity	Capacity	Traffic	Load Factor	Change
(Air France, KLM, HOP!)	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Long-haul	+ 1.2%	+ 1.5%	85.0%	+ 0.3
North America	+ 2.9%	+ 2.0%	88.2%	- 0.7
Latin America	+ 6.1%	+ 5.4%	84.0%	- 0.6
Asia	+ 0.3%	+ 0.9%	84.3%	+ 0.5
Africa / Middle East	- 0.7%	- 0.9%	78.3%	- 0.2
Caribbean / Indian Ocean	- 4.3%	+ 0.0%	89.5%	+ 3.9
Short and Medium-haul	- 2.4%	+ 1.0%	81.3%	+ 2.7
Total passenger network	+ 0.4%	+ 1.4%	84.2%	+ 0.8

6.8 million passengers, up 2.0%

• Capacity growth on Latin America primarily driven by launch of Amsterdam-Bogota/Cali route
• Stable capacity on Asia; 9% reduction on the most challenging market, Japan
• Unit revenue per available seat kilometer (RASK) ex-currency clearly down compared to May 2014
• Increased pressure on unit revenue: ex-currency unit revenue down approximately 6% in April-May 2015 compared to April-May 2014. Reported unit revenue however slightly up (approximately +1%) including currency over the same period.

Transavia activity	Capacity	Traffic Load Factor		Change
	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Total	+ 8.2%	+ 7.1%	89.9%	- 0.9

1.2 million passengers, up 11.1%

Accelerated development of Transavia in France: capacity up 23%, with high load factor

Total group passenger	Capacity	Traffic	Load Factor	Change
activity	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Total	+ 1.1%	+ 1.9%	84.8%	+ 0.7

8.0 million passengers, up 3.2%

Cargo activity	Capacity	Traffic	Load Factor	Change
	(ATK, %ch.)	(RTK, %ch.)	(%)	(pts)
Total	- 4.8%	- 12.0%	59.4%	- 4.8

Ongoing restructuring of cargo: full-freighter capacity down 25% compared to May 2014

Unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to May 2014; ex-currency unit revenue down approximately 14% in April-May 2015 compared to April-May 2014.

Agenda

8 July 2015: June 2015 traffic 24 July 2015: First Half Year 2015 results 10 August 2015: July 2015 traffic

Investors Press

+33 1 49 89 52 59 +33 1 49 89 52 60 www.airfranceklm.com

Bertrand Delcaire Dirk Voermans +33 1 41 56 56 00 bedelcaire@airfranceklm.com divoermans@airfranceklm.com Website: www.airfranceklm-finance.com

STATISTICS

Passenger network activity*

	May			Year to date
Total Passenger network*	2015	2014	Variation	2015	2014	Variation
Passengers carried ('000s)	6,833	6,700	2.0%	30,726	30,679	0.2%
Revenue pax-kilometers (m RPK)	19,670	19,397	1.4%	91,743	91,650	0.1%
Available seat-kilometers (m ASK)	23,355	23,260	0.4%	110,220	109,991	0.2%
Load factor (%)	84.2%	83.4%	0.8	83.2%	83.3%	(0.1)
Long-haul
Passengers carried ('000s)	2,090	2,059	1.5%	9,953	9,891	0.6%
Revenue pax-kilometers (m RPK)	15,696	15,462	1.5%	74,807	74,544	0.4%
Available seat-kilometers (m ASK)	18,463	18,250	1.2%	88,201	87,373	0.9%
Load factor (%)	85.0%	84.7%	0.3	84.8%	85.3%	(0.5)
North America
Passengers carried ('000s)	659	653	1.0%	2,724	2,676	1.8%
Revenue pax-kilometers (m RPK)	4,687	4,594	2.0%	19,354	18,979	2.0%
Available seat-kilometers (m ASK)	5,312	5,165	2.9%	22,298	21,832	2.1%
Load factor (%)	88.2%	88.9%	(0.7)	86.8%	86.9%	(0.1)
Latin America
Passengers carried ('000s)	250	236	6.0%	1,196	1,179	1.4%
Revenue pax-kilometers (m RPK)	2,409	2,287	5.4%	11,518	11,345	1.5%
Available seat-kilometers (m ASK)	2,869	2,704	6.1%	13,485	13,152	2.5%
Load factor (%)	84.0%	84.6%	(0.6)	85.4%	86.3%	(0.8)
Asia / Pacific
Passengers carried ('000s)	510	500	2.1%	2,467	2,421	1.9%
Revenue pax-kilometers (m RPK)	4,462	4,422	0.9%	21,473	21,429	0.2%
Available seat-kilometers (m ASK)	5,294	5,279	0.3%	25,307	24,968	1.4%
Load factor (%)	84.3%	83.8%	0.5	84.9%	85.8%	(1.0)
Africa / Middle East
Passengers carried ('000s)	416	416	(0.0%)	2,081	2,141	(2.8%)
Revenue pax-kilometers (m RPK)	2,285	2,307	(0.9%)	11,635	12,062	(3.5%)
Available seat-kilometers (m ASK)	2,917	2,938	(0.7%)	14,923	15,122	(1.3%)
Load factor (%)	78.3%	78.5%	(0.2)	78.0%	79.8%	(1.8)
Caribbean / Indian. Ocean
Passengers carried ('000s)	254	254	(0.1%)	1,484	1,474	0.7%
Revenue pax-kilometers (m RPK)	1,853	1,853	0.0%	10,827	10,729	0.9%
Available seat-kilometers (m ASK)	2,071	2,164	(4.3%)	12,187	12,299	(0.9%)
Load factor (%)	89.5%	85.6%	3.9	88.8%	87.2%	1.6
Short and Medium-haul
Passengers carried ('000s)	4,743	4,641	2.2%	20,773	20,788	(0.1%)
Revenue pax-kilometers (m RPK)	3,974	3,934	1.0%	16,935	17,105	(1.0%)
Available seat-kilometers (m ASK)	4,891	5,010	(2.4%)	22,020	22,619	(2.6%)
Load factor (%)	81.3%	78.5%	2.7	76.9%	75.6%	1.3

* Air France. KLM. and HOP!

Transavia activity

	May				Year to date
Transavia	2015	2014	Variation	2015	2014	Variation
Passengers carried ('000s)	1,169	1,052	11.1%	3,635	3,285	10.7%
Revenue pax-kilometers (m RPK)	2,174	2,030	7.1%	6,755	6,343	6.5%
Available seat-kilometers (m ASK)	2,417	2,234	8.2%	7,618	7,153	6.5%
Load factor (%)	89.9%	90.9%	(0.9)	88.7%	88.7%	(0.0)

Total group passenger activity**

		May			Year to date
Total group**	2015	2014	Variation	2015	2014	Variation
Passengers carried ('000s)	8,002	7,752	3.2%	34,362	33,964	1.2%
Revenue pax-kilometers (m RPK)	21,844	21,427	1.9%	98,497	97,992	0.5%
Available seat-kilometers (m ASK)	25,771	25,494	1.1%	117,838	117,144	0.6%
Load factor (%)	84.8%	84.0%	0.7	83.6%	83.7%	(0.1)

** Air France. KLM. HOP! and Transavia

Cargo activity

	May				Year to date
Total group	2015	2014	Variation	2015	2014	Variation
Revenue tonne-km (m RTK)	741	841	(12.0%)	3,705	4,133	(10.4%)
Available tonne-km (m ATK)	1,247	1,311	(4.8%)	6,168	6,391	(3.5%)
Load factor (%)	59.4%	64.2%	(4.8)	60.1%	64.7%	(4.6)