Business description: Air France-KLM

Air France-KLM is one of the world's leading airline companies. Net sales break down by activity as follows:

- passenger and freight transportation (82,5%): 76.7 million people and 0.9 Mt of merchandise transported in 2025;

- low-cost passenger transportation (10.4%; Transavia): 26.1 million people transported;

- maintenance services (7%);

- other (0.1%).

At the end of 2025, the group had a fleet of 596 aircraft (including 289 owned and 307 leased) divided between the domestic fleets of Air France (268), KLM (188) and Transavia (140).

Number of employees: 84,111

Sales by Activity: Air France-KLM

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Network

12.28B 22.8B 25.66B 26.3B 27.24B

Transavia

1.01B 2.22B 2.64B 3.07B 3.45B

Other

167M 221M 263M 290M 305M

Maintenance

2.8B 3.59B 4.24B 5.08B 5.57B

Consolidation Adjustments

-1.94B -2.44B -2.79B -3.29B -3.56B

Geographical breakdown of sales: Air France-KLM

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Europe (Excl. France) North Africa

- - - 8.7B 9.23B

North America, Mexico, French Polynesia

- - - - 6.64B

Asia and New Caledonia

- - - 3.93B 4.12B

Africa (Excl. North Africa) Middle East

- - - 3.44B 3.49B

South America, Excl. Mexico

- - - 2.6B 2.76B

Caribbean, French Guyana, Indian Ocean

- - - 1.88B 1.93B

France

- - - 1.46B 1.45B

North America, Mexico

- - - 6.26B -

Rest of World

4.7B 8.47B 10.3B - -

Europe (Excl. France and Benelux)

2.94B 5.22B 5.56B - -

Benelux, Including Dutch Caribbean & Surinam

2.27B 4.43B 5.15B - -

France, Including French Overseas Departments

4.39B 8.26B 9.01B - -

Executive Committee: Air France-KLM

Manager TitleAgeSince
Chief Executive Officer 54 2018-08-15
Director of Finance/CFO 56 2021-06-30
Chief Operating Officer 50 2025-09-30
Investor Relations Contact - -
Corporate Secretary 51 2026-03-31

Composition of the Board of Directors: Air France-KLM

Director TitleAgeSince
Chairman 62 2025-06-03
Director/Board Member 65 2016-05-18
Director/Board Member 62 2017-05-15
Director/Board Member 74 2017-11-01
Director/Board Member 54 2018-11-30
Director/Board Member 68 2019-05-27
Director/Board Member 72 2020-05-25
Director/Board Member 63 -
Director/Board Member 46 2021-04-30
Director/Board Member 43 2021-12-02

Shareholders: Air France-KLM

NameEquities%Valuation
Government of France
27.98 %
73,520,630 27.98 % 725 M €
Government of the Netherlands
9.133 %
24,000,000 9.133 % 237 M €
CMA CGM SA
8.804 %
23,134,825 8.804 % 228 M €
4.576 %
12,023,544 4.576 % 119 M €
Air France Klm Employee Stock Ownership Plan
3.083 %
8,101,493 3.083 % 80 M €
NameEquities%Valuation
Donald Smith & Co., Inc.
1.743 %
4,580,489 1.743 % 5 M €
AzValor Asset Management SGIIC SA
0.003323 %
8,733 0.003323 % 8 611 €
RhumbLine Advisers LP
0.000001 %
2 0.000001 % 2 €

Holdings: Air France-KLM

NameEquities%Valuation
451,661,470 7.95% 17 M $
111,642 0.04% 1 M $

Company details: Air France-KLM

Air France-KLM SA

7 Rue du Cirque

75008, Paris

+33 1 43 17 20 20

http://www.airfranceklm.com
address Air France-KLM(AF)

Group companies: Air France-KLM

NameCategory and Sector
Property/Casualty Insurance
Property/Casualty Insurance
Airlines
Airlines
KLM Luchtvaartschool BV

Other Airlines

Change 5d. change 1-year change 3-years change Capi.($)
+7.41%+4.72%+41.68%-31.04% 3.03B
+2.62%+5.75%+75.57%+107.34% 45.67B
+7.12%+5.60%+53.54%+140.21% 30.85B
+7.53%-1.31%+30.13%+74.59% 29.55B
+6.19%+5.59%+64.76%+172.85% 23.58B
+0.64%+1.85%-13.56%+139.46% 19.15B
-0.76%-1.36%+2.66%+14.11% 16.34B
-0.99%+1.41%+4.80%-32.89% 16.01B
-0.87%-1.55%-2.73%-30.02% 13.9B
-0.23%-0.90%+15.14%-19.23% 13.6B
Average +2.87%+1.36%+27.20%+53.54% 21.17B
Weighted average by Cap. +3.30%+1.50%+36.26%+80.83%
Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
10.53EUR
Average target price
11.23EUR
Spread / Average Target
+6.62%

Quarterly revenue - Rate of surprise

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