AF-KLM - 1Q16 RESULTS
​AF-KLM, the largest European airline in terms of Revenue Passenger Kilometer (RPK), had another strong quarter with 1Q16 results in line with our expectations in terms of revenue (€5,605m vs €5,555m) but ahead in terms of EBITDA (€266m vs €7m). Revenue increased by +0.4% yoy on a reported basis but declined by -1.3% yoy at constant FX. Passenger revenue (80% ofrevenue) was slightly down by -0.2% yoy at constant currency (CC) as revenue per ASK at CC held relatively well at - 1.3% compared to -4.7% for IAG and -6.6% for Lufthansa.
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.
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.