Air France-KLM

Earnings Release • Jan 11, 2016

DECEMBER 2015 TRAFFIC

• Passenger network: strict capacity discipline, increase in traffic and stable load factor.
• Progressive recovery following the 13th November Paris terrorist attacks

Traffic highlights

The negative impact of the Paris attacks on December revenues is estimated to be around 70 million euros, with significant easing during the last two weeks. Booking trends in December were in line with a progressive recovery.

Passenger network activity	Capacity	Traffic	Load Factor	Change
(Air France, KLM, HOP!)	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Long-haul	+ 1.7%	+ 1.3%	84.1%	- 0.3
North America	+ 6.7%	+ 4.0%	86.0%	- 2.2
Latin America	+ 3.3%	+ 2.9%	85.1%	- 0.4
Asia	- 3.1%	- 4.2%	81.9%	- 1.0
Africa / Middle East	+ 2.1%	+ 5.7%	83.0%	+ 2.8
Caribbean / Indian Ocean	+ 0.5%	+ 0.5%	85.2%	+ 0.0
Short and Medium-haul	- 2.5%	- 2.0%	77.4%	+ 0.4
Total network airlines	+ 0.9%	+ 0.7%	82.8%	- 0.1

6.2 million passengers, down 1.1%

Network-wide load factor stable in spite of Paris terrorist attacks,

• Load factor for both North America and Asia networks, notably Japan routes, impacted by the Paris terrorist attacks,
• Excluding the estimated impact of the Paris attacks, unit revenue per available seat kilometer (RASK) excurrency down compared to December 2014.

Transavia activity	Capacity	Traffic	Load Factor	Change
	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
Total	+ 8.8%	+ 7.6%	83.2%	- 1.0

0.6 million passengers, up 13.1%

Total group passenger	Capacity	Traffic	Load Factor	Change
activity (Air France, KLM,	(ASK, %ch.)	(RPK, %ch.)	(%)	(pts)
HOP!, Transavia)
Total	+ 1.3%	+ 1.1%	82.9%	- 0.2

Total group passengers stable at 6.7 million

Cargo activity	Capacity	Traffic	Load Factor	Change
	(ATK, %ch.)	(RTK, %ch.)	(%)	(pts)
Total	- 6.6%	- 7.8%	62.5%	- 0.8

Ongoing restructuring of cargo: full-freighter capacity down 29% compared to December 2014

Unit revenue per available ton kilometer (RATK) ex-currency clearly down compared to December 2014

Agenda

8 February 2016: January 2016 traffic 18 February 2016: Full year 2015 results 8 March 2016: February 2016 traffic

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*

	December			Year to date
Total Passenger network*	2015	2014	Variation	2015	2014	Variation
Passengers carried ('000s)	6,154	6,220	(1.1%)	79,016	77,451	2.0%
Revenue pax-kilometers (m RPK)	18,568	18,436	0.7%	235,715	229,347	2.8%
Available seat-kilometers (m ASK)	22,415	22,221	0.9%	276,899	270,789	2.3%
Load factor (%)	82.8%	83.0%	(0.1)	85.1%	84.7%	0.4
Long-haul
Passengers carried ('000s)	2,066	2,027	1.9%	25,577	24,714	3.5%
Revenue pax-kilometers (m RPK)	15,290	15,091	1.3%	191,658	185,685	3.2%
Available seat-kilometers (m ASK)	18,181	17,877	1.7%	221,875	215,391	3.0%
Load factor (%)	84.1%	84.4%	(0.3)	86.4%	86.2%	0.2
North America
Passengers carried ('000s)	558	538	3.7%	7,497	7,182	4.4%
Revenue pax-kilometers (m RPK)	3,962	3,809	4.0%	53,225	50,728	4.9%
Available seat-kilometers (m ASK)	4,608	4,318	6.7%	60,285	57,654	4.6%
Load factor (%)	86.0%	88.2%	(2.2)	88.3%	88.0%	0.3
Latin America
Passengers carried ('000s)	256	245	4.6%	3,041	2,885	5.4%
Revenue pax-kilometers (m RPK)	2,426	2,358	2.9%	29,180	27,788	5.0%
Available seat-kilometers (m ASK)	2,851	2,759	3.3%	33,753	31,846	6.0%
Load factor (%)	85.1%	85.5%	(0.4)	86.5%	87.3%	(0.8)
Asia / Pacific
Passengers carried ('000s)	474	489	(3.0%)	6,278	6,092	3.1%
Revenue pax-kilometers (m RPK)	3,988	4,164	(4.2%)	54,625	53,580	1.9%
Available seat-kilometers (m ASK)	4,871	5,025	(3.1%)	62,945	61,933	1.6%
Load factor (%)	81.9%	82.9%	(1.0)	86.8%	86.5%	0.3
Africa / Middle East
Passengers carried ('000s)	464	441	5.1%	5,322	5,162	3.1%
Revenue pax-kilometers (m RPK)	2,625	2,484	5.7%	29,561	28,941	2.1%
Available seat-kilometers (m ASK)	3,164	3,100	2.1%	36,345	35,752	1.7%
Load factor (%)	83.0%	80.1%	2.8	81.3%	81.0%	0.4
Caribbean / Indian, Ocean
Passengers carried ('000s)	314	314	0.1%	3,438	3,394	1.3%
Revenue pax-kilometers (m RPK)	2,288	2,277	0.5%	25,066	24,648	1.7%
Available seat-kilometers (m ASK)	2,687	2,675	0.5%	28,548	28,206	1.2%
Load factor (%)	85.2%	85.1%	0.0	87.8%	87.4%	0.4
Short and Medium-haul
Passengers carried ('000s)	4,088	4,193	(2.5%)	53,440	52,736	1.3%
Revenue pax-kilometers (m RPK)	3,278	3,344	(2.0%)	44,058	43,662	0.9%
Available seat-kilometers (m ASK)	4,235	4,345	(2.5%)	55,024	55,398	(0.7%)
Load factor (%)	77.4%	77.0%	0.4	80.1%	78.8%	1.3

* Air France, KLM, and HOP!

Transavia activity

	December				Year to date
Transavia	2015	2014	Variation	2015	2014	Variation
Passengers carried ('000s)	567	501	13.1%	10,805	9,908	9.0%
Revenue pax-kilometers (m RPK)	1,021	949	7.6%	20,169	19,135	5.4%
Available seat-kilometers (m ASK)	1,227	1,128	8.8%	22,432	21,298	5.3%
Load factor (%)	83.2%	84.1%	(1.0)	89.9%	89.8%	0.1

Total group passenger activity**

December
2015	2014	Variation	2015	2014	Variation
6,721	6,721	0.0%	89,821	87,359	2.8%
19,589	19,385	1.1%	255,884	248,482	3.0%
23,643	23,350	1.3%	299,331	292,087	2.5%
82.9%	83.0%	(0.2)	85.5%	85.1%	0.4
					Year to date

** Air France, KLM, HOP! and Transavia

Cargo activity

	December				Year to date
Total group	2015	2014	Variation	2015	2014	Variation
Revenue tonne-km (m RTK)	749	813	(7.8%)	9,008	9,843	(8.5%)
Available tonne-km (m ATK)	1,199	1,285	(6.6%)	14,908	15,608	(4.5%)
Load factor (%)	62.5%	63.3%	(0.8)	60.4%	63.1%	(2.6)