Air France-KLM

Earnings Release • Aug 8, 2016

JULY 2016 TRAFFIC

Passenger network: activity impacted by Air France cabin crew strike

Traffic highlights

Passenger network activity	Capacity	Traffic	Load Factor	Change
(Air France, KLM, HOP!)	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Long-haul	- 0.3%	- 1.0%	89.2%	- 0.7
North America	- 0.0%	- 1.6%	89.1%	- 1.4
Latin America	+ 2.8%	+ 3.8%	89.7%	+ 0.8
Asia	- 6.6%	- 7.4%	91.2%	- 0.8
Africa / Middle East	+ 2.3%	+ 3.4%	86.2%	+ 0.9
Caribbean / Indian Ocean	+ 6.5%	+ 4.5%	88.3%	- 1.7
Short and Medium-haul	- 0.8%	- 0.5%	85.8%	+ 0.3
Total	- 0.4%	- 0.9%	88.5%	- 0.5

7.5 million passengers, -0.6%

Slight decrease in load factor of the long-haul network, while stable in the short and medium-haul network

Excluding the estimated impact of the Air France cabin crew strike, the unit revenue per available seat kilometer (RASK) ex-currency down mid-single digit compared to July 2015, reflecting the weak supplydemand balance in the different regions of the network and soft local flows to France

The impact of the seven day Air France cabin crew strike (period July 27th – August 2nd) on the operating result is estimated around € 90million

Transavia activity	Capacity	Traffic	Load Factor	Change
	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Total	+ 13.9%	+ 12.9%	91.0%	- 0.8

1.6 million passengers, +23.1%

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

Total group passenger	Capacity	Traffic	Load Factor	Change
activity (Air France, KLM, HOP!, Transavia)	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Total	+ 1.0%	+ 0.5%	88.8%	- 0.5

9.2 million passengers, +2.9%

Cargo activity	Capacity	Traffic	Load Factor	Change
	(ATK, %ch.)	(RTK, %ch.)	(%)	(pts)
Total	- 3.2%	- 6.7%	55.5%	- 2.1

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

Agenda

8 th September: August 2016 traffic 10th October: September 2016 traffic 3 rd November: Third Quarter 2016 results

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*

		July			Year to date
Total Passenger network*	2016	2015	Variation	2016	2015	Variation
Passengers carried ('000s)	7,539	7,584	(0.6%)	46,163	45,440	1.6%
Revenue pax-kilometers (m RPK)	22,658	22,870	(0.9%)	136,568	135,242	1.0%
Available seat-kilometers (m ASK)	25,594	25,695	(0.4%)	160,236	159,750	0.3%
Load factor (%)	88.5%	89.0%	(0.5)	85.2%	84.7%	0.6
Long-haul
Passengers carried ('000s)	2,460	2,483	(0.9%)	14,784	14,651	0.9%
Revenue pax-kilometers (m RPK)	18,370	18,562	(1.0%)	110,742	109,947	0.7%
Available seat-kilometers (m ASK)	20,598	20,661	(0.3%)	128,354	127,806	0.4%
Load factor (%)	89.2%	89.8%	(0.7)	86.3%	86.0%	0.3
North America
Passengers carried ('000s)	768	784	(2.1%)	4,293	4,248	1.1%
Revenue pax-kilometers (m RPK)	5,476	5,567	(1.6%)	30,652	30,169	1.6%
Available seat-kilometers (m ASK)	6,146	6,149	(0.0%)	35,143	34,252	2.6%
Load factor (%)	89.1%	90.5%	(1.4)	87.2%	88.1%	(0.9)
Latin America
Passengers carried ('000s)	291	280	3.7%	1,804	1,739	3.7%
Revenue pax-kilometers (m RPK)	2,777	2,676	3.8%	17,290	16,723	3.4%
Available seat-kilometers (m ASK)	3,097	3,011	2.8%	19,767	19,338	2.2%
Load factor (%)	89.7%	88.9%	0.8	87.5%	86.5%	1.0
Asia / Pacific
Passengers carried ('000s)	562	610	(7.9%)	3,435	3,611	(4.9%)
Revenue pax-kilometers (m RPK)	4,970	5,367	(7.4%)	29,972	31,481	(4.8%)
Available seat-kilometers (m ASK)	5,451	5,833	(6.6%)	34,502	36,469	(5.4%)
Load factor (%)	91.2%	92.0%	(0.8)	86.9%	86.3%	0.6
Africa / Middle East
Passengers carried ('000s)	507	489	3.7%	3,126	3,011	3.8%
Revenue pax-kilometers (m RPK)	2,761	2,671	3.4%	17,321	16,716	3.6%
Available seat-kilometers (m ASK)	3,203	3,132	2.3%	21,286	20,988	1.4%
Load factor (%)	86.2%	85.3%	0.9	81.4%	79.6%	1.7
Caribbean / Indian,Ocean
Passengers carried ('000s)	333	319	4.3%	2,127	2,043	4.1%
Revenue pax-kilometers (m RPK)	2,386	2,282	4.5%	15,507	14,858	4.4%
Available seat-kilometers (m ASK)	2,701	2,536	6.5%	17,657	16,760	5.4%
Load factor (%)	88.3%	90.0%	(1.7)	87.8%	88.7%	(0.8)
Short and Medium-haul
Passengers carried ('000s)	5,079	5,101	(0.4%)	31,379	30,789	1.9%
Revenue pax-kilometers (m RPK)	4,288	4,308	(0.5%)	25,825	25,295	2.1%
Available seat-kilometers (m ASK)	4,996	5,034	(0.8%)	31,882	31,944	(0.2%)
Load factor (%)	85.8%	85.6%	0.3	81.0%	79.2%	1.8

* Air France, KLM, and HOP!

Transavia activity

	July			Year to date
Transavia	2016	2015	Variation	2016	2015	Variation
Passengers carried ('000s)	1,626	1,321	23.1%	7,283	6,069	20.0%
Revenue pax-kilometers (m RPK)	2,871	2,543	12.9%	12,521	11,378	10.1%
Available seat-kilometers (m ASK)	3,157	2,773	13.9%	14,100	12,649	11.5%
Load factor (%)	91.0%	91.7%	(0.8)	88.8%	90.0%	(1.1)

Total group passenger activity**

July			Year to date
2016	2015	Variation	2016	2015	Variation
9,164	8,905	2.9%	53,446	51,509	3.8%
25,529	25,413	0.5%	149,089	146,620	1.7%
28,751	28,467	1.0%	174,336	172,399	1.1%
88.8%	89.3%	(0.5)	85.5%	85.0%	0.5

** Air France, KLM, HOP! and Transavia

Cargo activity

	July				Year to date
Total Group	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	700	750	(6.7%)	4,820	5,205	(7.4%)
Available tonne-km (m ATK)	1,260	1,301	(3.2%)	8,258	8,721	(5.3%)
Load factor (%)	55.5%	57.6%	(2.1)	58.4%	59.7%	(1.3)

Air France and HOP! activity

	July			Year to date
Total Passenger network activity	2016	2015	Variation	2016	2015	Variation
Passengers carried ('000s)	4,638	4,851	(4.4%)	28,822	29,223	(1.4%)
Revenue pax-kilometers (m RPK)	13,439	14,053	(4.4%)	80,991	82,049	(1.3%)
Available seat-kilometers (m ASK)	15,408	15,918	(3.2%)	96,289	97,625	(1.4%)
Load factor (%)	87.2%	88.3%	(1.1)	84.1%	84.0%	0.1
Long-haul
Passengers carried ('000s)	1,490	1,551	(3.9%)	8,892	8,957	(0.7%)
Revenue pax-kilometers (m RPK)	10,829	11,306	(4.2%)	65,015	65,759	(1.1%)
Available seat-kilometers (m ASK)	12,318	12,664	(2.7%)	76,112	76,884	(1.0%)
Load factor (%)	87.9%	89.3%	(1.4)	85.4%	85.5%	(0.1)
Short and Medium-haul
Passengers carried ('000s)	3,148	3,301	(4.6%)	19,930	20,266	(1.7%)
Revenue pax-kilometers (m RPK)	2,610	2,747	(5.0%)	15,977	16,290	(1.9%)
Available seat-kilometers (m ASK)	3,090	3,253	(5.0%)	20,178	20,741	(2.7%)
Load factor (%)	84.5%	84.4%	0.0	79.2%	78.5%	0.6

	July				Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	300	297	1.0%	2,022	2,080	(2.8%)
Available tonne-km (m ATK)	614	608	1.0%	3,958	3,991	(0.8%)
Load factor (%)	48.9%	48.9%	(0.0)	51.1%	52.1%	(1.0)

KLM activity

	July			Year to date
Total Passenger network activity	2016	2015	Variation	2016	2015	Variation
Passengers carried ('000s)	2,900	2,733	6.1%	17,341	16,217	6.9%
Revenue pax-kilometers (m RPK)	9,219	8,818	4.6%	55,576	53,193	4.5%
Available seat-kilometers (m ASK)	10,186	9,777	4.2%	63,947	62,125	2.9%
Load factor (%)	90.5%	90.2%	0.3	86.9%	85.6%	1.3
Long-haul
Passengers carried ('000s)	969	932	4.0%	5,892	5,695	3.5%
Revenue pax-kilometers (m RPK)	7,540	7,256	3.9%	45,727	44,188	3.5%
Available seat-kilometers (m ASK)	8,280	7,997	3.6%	52,243	50,922	2.6%
Load factor (%)	91.1%	90.7%	0.3	87.5%	86.8%	0.8
Short and Medium-haul
Passengers carried ('000s)	1,931	1,800	7.2%	11,449	10,522	8.8%
Revenue pax-kilometers (m RPK)	1,679	1,561	7.5%	9,849	9,005	9.4%
Available seat-kilometers (m ASK)	1,906	1,780	7.0%	11,704	11,203	4.5%
Load factor (%)	88.1%	87.7%	0.4	84.1%	80.4%	3.8
	July				Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	399	453	(11.8%)	2,798	3,125	(10.5%)
Available tonne-km (m ATK)	645	693	(6.9%)	4,300	4,730	(9.1%)

Load factor (%) 61.8% 65.3% (3.4) 65.1% 66.1% (1.0)