Air France-KLM

Earnings Release • Sep 8, 2016

AUGUST 2016 TRAFFIC

Passenger activity: strict capacity discipline passenger network, increase in passengers on Group level

Traffic highlights

Passenger network activity	Capacity	Traffic	Load Factor	Change
(Air France, KLM, HOP!)	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Long-haul	+ 0.0%	- 1.7%	89.4%	- 1.6
North America	+ 0.7%	- 1.8%	88.4%	- 2.2
Latin America	+ 4.1%	+ 3.9%	88.5%	- 0.2
Asia	- 6.7%	- 8.4%	91.7%	- 1.7
Africa / Middle East	+ 1.8%	+ 0.3%	88.5%	- 1.4
Caribbean / Indian Ocean	+ 6.8%	+ 5.5%	88.9%	- 1.1
Short and Medium-haul	+ 0.5%	- 1.8%	83.0%	- 1.9
Total	+ 0.1%	- 1.7%	88.1%	- 1.6

7.2 million passengers, -1.8%

Slight decrease in load factor, reflecting the increasingly weak supply-demand balance in the different regions of the network and the continuous soft local flows to France

Excluding the estimated impact of the Air France cabin crew strike, the variation year on year of the unit revenue per available seat kilometer (RASK) ex-currency deteriorated compared to July 2016

As a reminder, the impact of the seven day Air France cabin crew strike (period July 27th – August 2nd) on the operating result was estimated around € 90 million, including the first 2 days of August

Transavia activity		Capacity Traffic		Change
	(ASK, %ch.)	(RPK, %ch.)	Load Factor (%)	(pts)
Total	+ 13.9%	+ 13.2%	92.1%	- 0.6

1.7 million passengers, +21.0%

Strong increase in capacity driven by Transavia France and the expansion of the Munich base

Total group passenger activity (Air France, KLM, HOP!, Transavia)	Capacity (ASK, %ch.)	Traffic (RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 1.5%	- 0.2%	88.6%	- 1.5

8.9 million passengers, +1.9%

Cargo activity	Capacity Traffic		Load Factor	Change
	(ATK, %ch.)	(RTK, %ch.)	(%)	(pts)
Total	- 2.7%	- 7.7%	54.9%	- 2.9

Unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to August 2015

Agenda

10th October: September 2016 traffic

3 rd November: Third Quarter 2016 results

9 th November: October 2016 traffic

Investors Press

Marie-Agnès de Peslouan Dirk Voermans +33 1 49 89 52 59 +33 1 49 89 52 60 +33 1 41 56 56 00 madepeslouan@airfranceklm.com divoermans@airfranceklm.com Website: www.airfranceklm.com

STATISTICS

Passenger network activity*

		August			Year to date
Total Passenger network*	2016	2015	Variation	2016	2015	Variation
Passengers carried ('000s)	7,219	7,349	(1.8%)	53,382	52,789	1.1%
Revenue pax-kilometers (m RPK)	22,723	23,119	(1.7%)	159,291	158,362	0.6%
Available seat-kilometers (m ASK)	25,780	25,748	0.1%	186,017	185,499	0.3%
Load factor (%)	88.1%	89.8%	(1.6)	85.6%	85.4%	0.3
Long-haul
Passengers carried ('000s)	2,488	2,539	(2.0%)	17,272	17,190	0.5%
Revenue pax-kilometers (m RPK)	18,591	18,912	(1.7%)	129,333	128,859	0.4%
Available seat-kilometers (m ASK)	20,801	20,795	0.0%	149,156	148,602	0.4%
Load factor (%)	89.4%	90.9%	(1.6)	86.7%	86.7%	(0.0)
North America
Passengers carried ('000s)	772	791	(2.4%)	5,065	5,039	0.5%
Revenue pax-kilometers (m RPK)	5,507	5,606	(1.8%)	36,158	35,775	1.1%
Available seat-kilometers (m ASK)	6,232	6,187	0.7%	41,375	40,440	2.3%
Load factor (%)	88.4%	90.6%	(2.2)	87.4%	88.5%	(1.1)
Latin America
Passengers carried ('000s)	289	278	3.9%	2,092	2,016	3.8%
Revenue pax-kilometers (m RPK)	2,773	2,668	3.9%	20,063	19,391	3.5%
Available seat-kilometers (m ASK)	3,132	3,007	4.1%	22,899	22,345	2.5%
Load factor (%)	88.5%	88.7%	(0.2)	87.6%	86.8%	0.8
Asia / Pacific
Passengers carried ('000s)	564	621	(9.2%)	3,998	4,232	(5.5%)
Revenue pax-kilometers (m RPK)	5,018	5,480	(8.4%)	34,991	36,960	(5.3%)
Available seat-kilometers (m ASK)	5,472	5,867	(6.7%)	39,973	42,336	(5.6%)
Load factor (%)	91.7%	93.4%	(1.7)	87.5%	87.3%	0.2
Africa / Middle East
Passengers carried ('000s)	519	520	(0.2%)	3,645	3,532	3.2%
Revenue pax-kilometers (m RPK)	2,841	2,834	0.3%	20,162	19,550	3.1%
Available seat-kilometers (m ASK)	3,209	3,152	1.8%	24,495	24,139	1.5%
Load factor (%)	88.5%	89.9%	(1.4)	82.3%	81.0%	1.3
Caribbean / Indian,Ocean
Passengers carried ('000s)	344	328	4.8%	2,471	2,371	4.2%
Revenue pax-kilometers (m RPK)	2,452	2,325	5.5%	17,959	17,182	4.5%
Available seat-kilometers (m ASK)	2,757	2,582	6.8%	20,414	19,341	5.5%
Load factor (%)	88.9%	90.0%	(1.1)	88.0%	88.8%	(0.9)
Short and Medium-haul
Passengers carried ('000s)	4,732	4,811	(1.6%)	36,110	35,600	1.4%
Revenue pax-kilometers (m RPK)	4,133	4,208	(1.8%)	29,958	29,503	1.5%
Available seat-kilometers (m ASK)	4,979	4,953	0.5%	36,861	36,897	(0.1%)
Load factor (%)	83.0%	85.0%	(1.9)	81.3%	80.0%	1.3

* Air France, KLM, and HOP!

Transavia activity

		August			Year to date
Transavia	2016	2015	Variation	2016	2015	Variation
Passengers carried ('000s)	1,679	1,387	21.0%	8,962	7,457	20.2%
Revenue pax-kilometers (m RPK)	2,985	2,637	13.2%	15,507	14,014	10.6%
Available seat-kilometers (m ASK)	3,243	2,846	13.9%	17,343	15,495	11.9%
Load factor (%)	92.1%	92.6%	(0.6)	89.4%	90.4%	(1.0)

Total group passenger activity**

August
2016	2015	Variation	2016	2015	Variation
8,899	8,737	1.9%	62,344	60,246	3.5%
25,709	25,756	(0.2%)	174,798	172,376	1.4%
29,023	28,594	1.5%	203,360	200,994	1.2%
88.6%	90.1%	(1.5)	86.0%	85.8%	0.2
					Year to date

** Air France, KLM, HOP! and Transavia

Cargo activity

	August				Year to date
Total Group	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	701	759	(7.7%)	5,521	5,965	(7.4%)
Available tonne-km (m ATK)	1,276	1,312	(2.7%)	9,535	10,034	(5.0%)
Load factor (%)	54.9%	57.8%	(2.9)	57.9%	59.4%	(1.5)

Air France and HOP! activity

	August				Year to date
Total Passenger network activity	2016	2015	Variation	2016	2015	Variation
Passengers carried ('000s)	4,383	4,622	(5.2%)	33,205	33,845	(1.9%)
Revenue pax-kilometers (m RPK)	13,484	14,181	(4.9%)	94,476	96,230	(1.8%)
Available seat-kilometers (m ASK)	15,590	15,973	(2.4%)	111,879	113,598	(1.5%)
Load factor (%)	86.5%	88.8%	(2.3)	84.4%	84.7%	(0.3)
Long-haul
Passengers carried ('000s)	1,514	1,588	(4.7%)	10,406	10,545	(1.3%)
Revenue pax-kilometers (m RPK)	10,983	11,520	(4.7%)	75,998	77,280	(1.7%)
Available seat-kilometers (m ASK)	12,519	12,807	(2.3%)	88,630	89,691	(1.2%)
Load factor (%)	87.7%	90.0%	(2.2)	85.7%	86.2%	(0.4)
Short and Medium-haul
Passengers carried ('000s)	2,869	3,033	(5.4%)	22,799	23,300	(2.2%)
Revenue pax-kilometers (m RPK)	2,501	2,661	(6.0%)	18,478	18,951	(2.5%)
Available seat-kilometers (m ASK)	3,071	3,166	(3.0%)	23,249	23,907	(2.8%)
Load factor (%)	81.4%	84.0%	(2.6)	79.5%	79.3%	0.2

	August				Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	289	299	(3.5%)	2,311	2,380	(2.9%)
Available tonne-km (m ATK)	620	614	1.0%	4,578	4,606	(0.6%)
Load factor (%)	46.6%	48.7%	(2.2)	50.5%	51.7%	(1.2)

KLM activity

					Variation
					6.5%
					4.3%
					3.1%
90.7%	91.4%	(0.8)	87.4%	86.4%	1.0
					3.3%
					3.4%
8,283	7,989	3.7%	60,526	58,911	2.7%
91.8%	92.5%	(0.7)	88.1%	87.6%	0.6
					8.2%
1,632	1,547	5.5%	11,480	10,552	8.8%
1,908	1,787	6.8%	13,612	12,990	4.8%
85.5%	86.6%	(1.1)	84.3%	81.2%	3.1
	2016 2,836 9,239 10,191 974 7,607 1,862	August 2015 2,727 8,938 9,775 950 7,391 1,777 August	Variation 4.0% 3.4% 4.3% 2.5% 2.9% 4.8%	2016 20,178 64,815 74,138 6,866 53,335 13,311	Year to date 2015 18,944 62,132 71,900 6,645 51,579 12,300 Year to date

	August				Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	412	460	(10.4%)	3,210	3,585	(10.5%)
Available tonne-km (m ATK)	656	698	(6.0%)	4,956	5,428	(8.7%)
Load factor (%)	62.8%	65.9%	(3.1)	64.8%	66.0%	(1.3)