Air France-KLM

Earnings Release • Apr 8, 2016

MARCH 2016 TRAFFIC

Passenger network: strict capacity discipline, increase in both traffic and load factor.

Traffic highlights

Passenger network activity	Capacity	Traffic	Load Factor	Change
(Air France, KLM, HOP!)	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Long-haul	+ 1.1%	+ 2.3%	86.1%	+ 1.0
North America	+ 6.7%	+ 5.8%	87.9%	- 0.7
Latin America	+ 4.6%	+ 6.8%	86.0%	+ 1.8
Asia	- 5.1%	- 5.2%	85.9%	- 0.1
Africa / Middle East	- 1.3%	+ 4.7%	81.6%	+ 4.7
Caribbean / Indian Ocean	+ 3.7%	+ 4.0%	88.9%	+ 0.2
Short and Medium-haul	- 1.5%	+ 3.5%	80.0%	+ 3.9
Total	+ 0.6%	+ 2.5%	84.9%	+ 1.6

6.5 million passengers, +3.0%

Strong increase in traffic in all regions of the network, except Asia following the planned reduction in capacity in that region.

Load factor up 1.6 pts, most notably within the short and medium-haul network.

Unit revenue per available seat kilometer (RASK) ex-currency down compared to March 2015.

Transavia activity	Capacity	Traffic	Load Factor	Change
	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Total	+ 14.2%	+ 14.6%	90.2%	+ 0.3

0.8 million passengers, +21.3%

Increase in capacity driven by Transavia France, up 36.6%.

Total group passenger activity (Air France, KLM, HOP!, Transavia)	Capacity (ASK, %ch.)	Traffic (RPK, %ch.)	Load Factor (%)	Change (pts)
Total	+ 1.3%	+ 3.2%	85.3%	+ 1.6

7.2 million passengers, +4.6%

Cargo activity	Capacity		Load Factor	Change
	(ATK, %ch.)	(RTK, %ch.)	(%)	(pts)
Total	- 10.7%	- 13.5%	60.4%	- 2.0

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

Agenda

4 th May 2016: 1 st Quarter 2016 results 10th May 2016: April 2016 traffic 19th May 2016: Annual General Meeting

Investors Press

Marie-Agnès de Peslouan Dirk Voermans +33 1 41 56 56 00 +33 1 49 89 52 59 +33 1 49 89 52 60

madepeslouan@airfranceklm.com divoermans@airfranceklm.com Website: www.airfranceklm-finance.com

www.airfranceklm.com

STATISTICS

Passenger network activity*

		March			Year to date
Total Passenger network*	2016	2015	Variation	2016	2015	Variation
Passengers carried ('000s)	6,459	6,274	3.0%	18,003	17,366	3.7%
Revenue pax-kilometers (m RPK)	19,116	18,645	2.5%	54,806	52,917	3.6%
Available seat-kilometers (m ASK)	22,507	22,371	0.6%	64,843	64,107	1.1%
Load factor (%)	84.9%	83.3%	1.6	84.5%	82.5%	2.0
Long-haul
Passengers carried ('000s)	2,085	2,022	3.1%	6,037	5,799	4.1%
Revenue pax-kilometers (m RPK)	15,572	15,222	2.3%	45,172	43,636	3.5%
Available seat-kilometers (m ASK)	18,079	17,874	1.1%	52,489	51,581	1.8%
Load factor (%)	86.1%	85.2%	1.0	86.1%	84.6%	1.5
North America
Passengers carried ('000s)	566	536	5.6%	1,543	1,454	6.1%
Revenue pax-kilometers (m RPK)	4,025	3,803	5.8%	11,010	10,347	6.4%
Available seat-kilometers (m ASK)	4,581	4,293	6.7%	12,831	12,022	6.7%
Load factor (%)	87.9%	88.6%	(0.7)	85.8%	86.1%	(0.3)
Latin America
Passengers carried ('000s)	252	233	8.0%	769	707	8.7%
Revenue pax-kilometers (m RPK)	2,405	2,253	6.8%	7,326	6,816	7.5%
Available seat-kilometers (m ASK)	2,795	2,674	4.6%	8,224	7,867	4.5%
Load factor (%)	86.0%	84.3%	1.8	89.1%	86.6%	2.4
Asia / Pacific
Passengers carried ('000s)	489	510	(4.2%)	1,423	1,451	(1.9%)
Revenue pax-kilometers (m RPK)	4,216	4,446	(5.2%)	12,245	12,572	(2.6%)
Available seat-kilometers (m ASK)	4,909	5,172	(5.1%)	14,208	14,806	(4.0%)
Load factor (%)	85.9%	86.0%	(0.1)	86.2%	84.9%	1.3
Africa / Middle East
Passengers carried ('000s)	451	427	5.4%	1,321	1,246	6.0%
Revenue pax-kilometers (m RPK)	2,527	2,413	4.7%	7,439	7,022	5.9%
Available seat-kilometers (m ASK)	3,096	3,135	(1.3%)	9,137	9,109	0.3%
Load factor (%)	81.6%	77.0%	4.7	81.4%	77.1%	4.3
Caribbean / Indian,Ocean
Passengers carried ('000s)	328	315	4.2%	981	942	4.2%
Revenue pax-kilometers (m RPK)	2,399	2,306	4.0%	7,152	6,880	4.0%
Available seat-kilometers (m ASK)	2,697	2,600	3.7%	8,089	7,777	4.0%
Load factor (%)	88.9%	88.7%	0.2	88.4%	88.5%	(0.0)
Short and Medium-haul
Passengers carried ('000s)	4,374	4,252	2.9%	11,966	11,566	3.5%
Revenue pax-kilometers (m RPK)	3,543	3,424	3.5%	9,633	9,281	3.8%
Available seat-kilometers (m ASK)	4,429	4,498	(1.5%)	12,353	12,526	(1.4%)
Load factor (%)	80.0%	76.1%	3.9	78.0%	74.1%	3.9

* Air France, KLM, and HOP!

Transavia activity

	March			Year to date
Transavia	2016	2015	Variation	2016	2015	Variation
Passengers carried ('000s)	772	636	21.3%	1,893	1,656	14.3%
Revenue pax-kilometers (m RPK)	1,305	1,138	14.6%	3,263	3,017	8.2%
Available seat-kilometers (m ASK)	1,446	1,266	14.2%	3,718	3,430	8.4%
Load factor (%)	90.2%	89.9%	0.3	87.7%	87.9%	(0.2)

Total group passenger activity**

March			Year to date
2016	2015	Variation	2016	2015	Variation
7,231	6,910	4.6%	19,896	19,021	4.6%
20,421	19,784	3.2%	58,068	55,934	3.8%
23,954	23,638	1.3%	68,561	67,537	1.5%
85.3%	83.7%	1.6	84.7%	82.8%	1.9

** Air France, KLM, HOP! and Transavia

Cargo activity

	March			Year to date
Total Group	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	711	822	(13.5%)	2,034	2,261	(10.1%)
Available tonne-km (m ATK)	1,178	1,318	(10.7%)	3,434	3,736	(8.1%)
Load factor (%)	60.4%	62.4%	(2.0)	59.2%	60.5%	(1.3)

Air France and HOP! activity

		March		Year to date
Total Passenger network activity	2016	2015	Variation	2016	2015	Variation
Passengers carried ('000s)	4,064	4,105	(1.0%)	11,407	11,379	0.2%
Revenue pax-kilometers (m RPK)	11,355	11,407	(0.5%)	32,750	32,331	1.3%
Available seat-kilometers (m ASK)	13,517	13,749	(1.7%)	39,130	39,370	(0.6%)
Load factor (%)	84.0%	83.0%	1.0	83.7%	82.1%	1.6
Long-haul
Passengers carried ('000s)	1,251	1,240	0.9%	3,648	3,547	2.9%
Revenue pax-kilometers (m RPK)	9,140	9,160	(0.2%)	26,690	26,202	1.9%
Available seat-kilometers (m ASK)	10,675	10,779	(1.0%)	31,140	31,082	0.2%
Load factor (%)	85.6%	85.0%	0.6	85.7%	84.3%	1.4
Short and Medium-haul
Passengers carried ('000s)	2,814	2,866	(1.8%)	7,759	7,832	(0.9%)
Revenue pax-kilometers (m RPK)	2,215	2,247	(1.4%)	6,060	6,129	(1.1%)
Available seat-kilometers (m ASK)	2,842	2,970	(4.3%)	7,989	8,289	(3.6%)
Load factor (%)	77.9%	75.6%	2.3	75.8%	73.9%	1.9

	March			Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	299	326	(8.5%)	842	904	(6.8%)
Available tonne-km (m ATK)	559	587	(4.7%)	1,631	1,696	(3.9%)
Load factor (%)	53.4%	55.6%	(2.2)	51.6%	53.3%	(1.7)

KLM activity

		March			Year to date
Total Passenger network activity	2016	2015	Variation	2016	2015	Variation
Passengers carried ('000s)	2,395	2,169	10.4%	6,596	5,986	10.2%
Revenue pax-kilometers (m RPK)	7,761	7,239	7.2%	22,055	20,586	7.1%
Available seat-kilometers (m ASK)	8,990	8,622	4.3%	25,713	24,736	3.9%
Load factor (%)	86.3%	84.0%	2.4	85.8%	83.2%	2.6
Long-haul
Passengers carried ('000s)	835	782	6.7%	2,389	2,253	6.1%
Revenue pax-kilometers (m RPK)	6,433	6,062	6.1%	18,482	17,435	6.0%
Available seat-kilometers (m ASK)	7,404	7,094	4.4%	21,349	20,499	4.1%
Load factor (%)	86.9%	85.4%	1.4	86.6%	85.1%	1.5
Short and Medium-haul
Passengers carried ('000s)	1,560	1,387	12.5%	4,207	3,734	12.7%
Revenue pax-kilometers (m RPK)	1,328	1,177	12.9%	3,573	3,152	13.4%
Available seat-kilometers (m ASK)	1,587	1,528	3.9%	4,364	4,237	3.0%
Load factor (%)	83.7%	77.0%	6.7	81.9%	74.4%	7.5
	March				Year to date
Cargo activity	2016	2015	Variation	2016	2015	Variation
Revenue tonne-km (m RTK)	413	496	(16.8%)	1,192	1,357	(12.2%)

Available tonne-km (m ATK) 619 732 (15.4%) 1,804 2,040 (11.6%) Load factor (%) 66.7% 67.8% (1.1) 66.1% 66.5% (0.5)