Air France-KLM : Heavier investment but leverage on all fronts
>An ambitious 2020-2024 plan - Yesterday, France-KLM held its CMD, unveiling a target for a 2024 operating margin of 7%-8% to be achieved via the generation of i/ € 900m in additional earnings at Air France principally from the streamlining of processes and the generation of cost savings (44%), the renewal of the fleet (33%) and the optimisation of revenues (22%), ii/ a € 250m improvement at KLM, of which more than half stemming from the renewal and streamlining of th...Air France-KLM is a holding company. Through its subsidiaries, Co. is engaged in transporting passengers and cargo, aeronautics maintenance and other air-transport related activities, including catering and charter services. Co. operates in six geographical regions: Metropolitan France; Europe (except France) and North Africa; Caribbean, French Guiana and Indian Ocean; Africa, Middle East; Americas, Polynesia; and Asia and New Caledonia. Co. organizes its business around the following four segments: Passenger, providing passenger transportation services on scheduled flights; Cargo, transporting freight on flights and selling cargo capacity to third parties; Maintenance, and Other activities.
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