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AIR FRANCE - KLM : AIR FRANCE - KLM : FY 2012 results

            AIR FRANCE - KLM : AIR FRANCE - KLM : FY 2012 results

                              February 22nd 2013

        FISCAL YEAR 2012

FOURTH QUARTER

  *Revenues up 4.6% to 6.30 billion euros (+2.3% ex currency)

  *Unit cost down 0.9% at constant currency and fuel price 

  *Reduction in operating loss (-143 million euros versus -202 million euros
    at 31st December 2011)

FULL YEAR

  *Revenues up 5.2% to 25.63 billion euros (+2.5% ex currency)

  *Increase of 890 million euros in fuel bill

  *Reduction in operating loss (-300 million euros versus -353 million at
    31st December 2011)

  *Net result of -1.19 billion euros after 471 million euros in restructuring
    charges

  *Net debt reduced to 6 billion euros (6.5 billion euros a year earlier)

2013 OBJECTIVE

  *Further reduction in unit cost* and net debt

The Board of Directors of Air France-KLM, chaired by Jean-Cyril Spinetta, met
on 21st February 2013 to approve the accounts for full year 2012. 

Jean-Cyril  Spinetta   made  the   following  comments:   "The  year2012   was 
characterized by a  slowdown in  global growth  and recession  in Europe,  but 
nevertheless saw a sharp increase in  the fuel price. Despite this very  tough 
context, our  results were  in  line with  our  expectations, with  the  first 
effects of the Transform plan enabling us to reduce the operating loss. 



Most importantly, it was  a year in which  our fundamentals were restored,  as 
the first,  necessary step  towards the  recovery of  our group.  Our  working 
practices have been overhauled, industrial  projects have been determined  for 
each of  our  businesses while  reducing  costs and  improving  our  financial 
position.



In 2013 we will  maintain strict discipline in  terms of capacity  management, 
investments and costs.  2013 will also see the full implementation of all our
projects. It is  therefore a  crucial year for  the success  of the  Transform 
plan, and the return to sustainable  profitability. On behalf of the Board,  I 
would like to thank the employees of  the group for their commitment, and  the 
work they have accomplished during the past 12 months."

* At constant currency and fuel price
Key data

In millions of euros,      Quarter to 31st December Full Year at 31st December
except per share data in                                        2011
Euros                       2012     2011   Change    2012   Pro forma  Change
Revenues                    6,304   6,028    4.6%    25,633    24,363    5.2%
EBITDAR^[1]                  533     466     14.4%   2,405     2,192     9.7%
Operating result            -143     -202     nm     -300      -353      nm
^Adjusted operating                                                       nm
result2                      -62     -127     nm       25       -65
Net result, group share     -235     -259     nm     -1,192     -809      nm
Net result per share        -0.79   -0.88    nm     -4.03     -2.73      nm
Net diluted result per                                                    nm
share                       -0.79   -0.88     nm     -4.03     -2.73
Net result per share                                                      
before restructuring
charges                     -0.52   -0.88     nm     -2.49     -2.73     nm

Fourth Quarter 2012

Activity: Ongoing capacity control

The passenger business continued its  on-going performance improvement in  the 
fourth quarter, in contrast to the cargo business.

In the passenger activity, traffic was stable for capacity down by 0.2% and  a 
load factor of 81.9% (+0.2 points). Unit revenue per available seat  kilometre 
(RASK) rose by 5.8% and by 3.4% ex-currency. Revenues amounted to 4.93 billion
euros (+5.3%) after a favourable currency effect (2.3%). The operating  result 
of the passenger business stood at  -137 million euros (-224 million euros  at 
December 2011) after a rise of 156 million euros in the fuel bill.

In the  cargo  business, the  decline  in traffic  (-5.9%)  was in  line  with 
capacity (-5.6%), leading  to a virtually  stable load factor  of 67.4%  (-0.2 
points). Unit revenue per available tonne kilometre (RATK) rose by 4.3% (+1.5%
ex-currency). Weak volumes weighed on  revenues which amounted to 791  million 
euros (-1.4%).The  operating result  stood at  -25 million  euros compared  to 
break-even in 2011. 

Maintenance generated revenues of 317 million euros (273 million euros a  year 
earlier) and an operating result of 37 million euros (versus 43 million  euros 
in Q4 2011).

The revenues of the  other activities stood at  264 million euros (-1.9%)  and 
the operating result at -18 million euros (-21 million euros a year earlier).

Total revenues for the group stood at 6.30 billion euros against 6.02  billion 
euros at 31^st December  2011, up 4.6% after  a favourable currency impact  of 
2.3%.

Reduction in operating loss

Operating costs were  well contained,  up by  3.5% after  a negative  currency 
impact of  2.2%. Ex-fuel,  they  rose by  just  1.1%. Measured  in  equivalent 
available seat kilometre, unit  costs rose by  4.1%, but were  down 0.9% on  a 
constant currency and fuel price basis, for production measured in  equivalent 
available seat kilometre (EASK) down by 0.7%. 
The main increases in costs related  to those denominated in dollars,  notably 
fuel, operating leases and aircraft maintenance, the dollar having appreciated
by 5% during the quarter.  The fuel bill was up  by 167 million euros to  1.79 
billion euros under  the combined effect  of a  decrease in volumes  of 4%,  a 
negative currency effect of 5% and a decline in fuel cost after hedging of 1%.
Employee costs rose by 1.7% to 1.89 billion euros after booking an  additional 
pension charge at KLM of 18  million euros based on the actuarial  assumptions 
at 31st December 2011.
The operating result amounted to -143 million euros (-202 million euros a year
earlier). The adjusted operating result stood at -62 million euros.  Elsewhere 
the group booked an additional restructuring provision of 99 million euros  in 
non-recurring costs.

Net interest costs were  down by some  10 million euros  to 89 million  euros. 
Other financial income  and costs  stood at  +101 million  euros (+50  million 
euros at Q4 2011) of which 91 million euros in currency result.

The net result, group share stood at -235 million euros (-259 million euros at
31st December 2011). Earnings  and diluted earnings per  share stood at  -0.79 
euros (-0.52 euros before restructuring provision).

Full Year 2012

The passenger  business recorded  traffic and  capacity up  by 2.1%  and  0.6% 
respectively. The load  factor gained 1.2  points to 83.1%.  Unit revenue  per 
available seat  (RASK) rose  by 5.9%  and by  3.2% ex-currency.  In the  cargo 
business, traffic declined sharply (-6.3%)  for capacity down by 3.5%  leading 
to a 1.9 point  decline in load  factor to 64.5%.  Unit revenue per  available 
tonne kilometre  (RATK)  was  stable  (-3.8% ex-currency)  but  down  by  3.8% 
ex-currency.

Total revenues  amounted to  25.63  billion euros  (+5.2% after  a  favourable 
currency effect of 2.7%). Operating costs were up by 1.8% ex-fuel and by  4.9% 
with fuel and a negative currency impact of 3.0%. The main change was the fuel
bill which rose by 890 million euros to 7.33 billion euros, mainly due to  the 
appreciation of the dollar.  Employee costs of 7.66  billion euros were up  by 
2.7% after 81  million euros  in additional pension  charges at  KLM based  on 
actuarial assumptions at 31st December 2011.

The operating result stood at -300  million euros (-353 million euros at  31st 
December 2011) and the adjusted operating result was 25 million euros. 

Net interest charges declined to 353 million euros against 371 million euros a
year earlier. Other financial income and costs went from -180 million euros to
+139 million euros  of which a  positive currency result  of 62 million  euros 
(-116 million euros at 31^st December 2011) and a positive change in the  fair 
value of hedging instruments of 62 million euros (-66 million euros in  2011). 


Taking account of these elements as well as the restructuring provision of 471
million euros, the net  result, group share, amounted  to -1.19 billion  euros 
(-809 million euros a year earlier).  Earnings and diluted earnings per  share 
stood at  -4.03  euros per  share  (-2.73  euros a  year  earlier).  Excluding 
restructuring provision, earnings  per share  stood at -2.49  (-2.73 at  31^st 
December 2011).

Reduction in net debt

Investments amounted to 1.47 billion euros and disposals to 745 million  euros 
(2.43 billion euros  and 1.17 billion  euros respectively in  2011). To  these 
investments  are  added  175  million  euros  in  non-monetary   transactions. 
Operational cash flow stood at  851 million euros. The  group has cash of  3.9 
billion euros and available credit lines  of 1.85 billion euros. In  December, 
the Air France-KLM holding company issued 500 million euros in bonds at a rate
of 6.25%, maturing in 2018.

Shareholders' funds amounted to 4.98 billion euros. Net debt was reduced  from 
6.51 billion  euros  at 31st  December  2011 to  5.97  billion euros  at  31st 
December 2012 thanks notably to the  partial sale of Amadeus shares.  However 
under the  impact  of  the  reduction  in  shareholders'  funds,  the  gearing 
ratio^[3] increased (1.20 versus  1.07 at 31^st December  2011). On the  other 
hand the  financial cover  ratios  improved and  the  group respects  all  its 
covenants.

Application of IAS 19R

IAS19R will  be applied  to pensions  as  of 1st  January 2013,  backdated  to 
1stJanuary 2012.  In  terms of  the  balance  sheet, the  suppression  of  the 
corridor leads to the booking of the actuarial differences directly to equity.
At 31st December  2012, this negative  impact is valued  at 1.3 billion  euros 
after tax. At  the P&L level,  the main impact  comes from the  fact that  the 
expected return on plan assets is henceforth calculated at the discounted rate
of the obligations.  It should be  noted that  this impact is  non-cash. As  a 
result of  the  application of  the  revised norm  and  the reduction  in  the 
discount rate, the group should book in 2013 an increase in the pension charge
of the order of 130 million euros compared with 2012 published accounts.

2013 Outlook

2013 has started amid an uncertain environment with further volatility in  the 
fuel price  and currencies.  Against this  backdrop, the  group will  maintain 
strict control over capacity and investments. At the same time, the 'Transform
2015' plan  will  be  fully  rolled out.  In  these  conditions,  the  group's 
objective is to reduce both unit cost at constant currency and fuel price  and 
net debt.

Additional information

The audit procedures for the consolidated accounts have taken place. The
certification report will be published following the completion of procedures
necessary for the filing of the Registration Document.

The results presentation will be available on www.airfranceklm-finance.com  on 
22nd February 2013 from 7.15h CET.

Practical information
An Analysts' Meeting will be held on February 22nd 2013 at 14.00 CET
at Académie Diplomatique Internationale, 4^bis avenue Hoche - 75008 Paris.

  *Audio-web conference: 

to connect to the conference call, please dial
    - UK 44 (0)20 7162 0125 (password: AKH)
    - US 1 334 323 6203 (password: AKH)

  *A live broadcast of the Analysts' Meeting will also be available on the
    website: 

www.airfranceklm-finance.com (password: AKHFY)

  *To listen to a recording of the conference in English, dial:

- UK 44 (0)20 7031 4064 (code: 517829)
- US 1954334 0342 (code: 517829)
Information by business

    Passenger business

                              Quarter to December 31  Full Year to December 31
                               2012   2011   Change     2012    2011   Change
Traffic (RPK millions)        54,236 54,257   0.0%    223,887  219,346  2.1%
Capacity (ASK millions)      66,206 66,363   -0.2%   269,299  267,578  0.6%
Load factor                  81.9%  81.8%   0.2 pts  83.1%    82.0%  1.2 pts
Total passenger revenues (€m) 4,932  4,684    5.3%     20 186  18,834   7.2%
Scheduled passenger revenues  4,710  4,461    5.6%     19,262  17,998   7.0%
(€m)
Unit revenue per RPK (€cts)    8.69   8.23    5.6%      8.60    8.24    4.4%
Unit revenue per RPK at         -      -      3.2%       -        -     1.7%
constant currency (€cts)
Unit revenue per ASK (€cts)    7.12   6.73    5.8%      7.15    6.75    5.9%
Unit revenue per ASK at         -      -      3.4%       -        -     3.2%
constant currency (€cts)
Unit cost per ASK (€cts)      7.32   7.06    3.6%      7.24    6.90    4.9%
Unit cost per ASK at constant
currency and fuel price         -      -      -1.2%      -        -     -0.3%
(€cts)
Operating result (€m)          -137   -224     nm       -235    -375     nm

    Cargo business

                               Quarter to December 31 Full Year to December 31
                                2012   2011   Change   2012    2011    Change
Traffic (RTK millions)         2,684  2,851   -5.9%   10,577  11,294   -6.3%
Capacity (ATK millions)        4,264  4,419   -5.6%   16,409  17,011   -3.5%
Load factor                    67.4%  67.6%  -0.2 pts  64.5%   66.4%  -1.9 pts
Total cargo business revenues   791    802    -1.4%    3,057   3,143   -2.7%
(€m)
Revenues from the               746    756    -1.3%    2,872   2,977   -3.5%
transportation of cargo (€m)
Unit revenue per RTK (€cts)    27.80  26.52    4.8%    27.15   26.37    3.0%
Unit revenue per RTK ex          -      -      2.0%      -       -     -0.9%
currency (€cts)
Unit revenue per ATK (€cts)    18.68  17.90    4.3%    17.50   17.50    0.0%
Unit revenue per ATK ex          -      -      1.5%      -       -     -3.8%
currency (€cts)
Unit cost per ATK (€cts)       19.30  17.91    7.8%    18.85   17.86    5.6%
Unit cost per ATK on constant    -      -      1.4%      -       -     -1.2%
currency and fuel price (€cts)
Operating income (€m)           -25     0       nm     -222     -60      nm

    Maintenance business

The maintenance business realised third party revenues of 317 million euros in
the fourth quarter of 2012 (273 million euros in the same period of 2011). The
operating result stood at 37 million euros (43 million euros at 31st  December 
2011). For the full year, revenues amounted to 1.1 billion euros (+5.4%).  The 
operating result  stood  at 145  million  euros  (110 million  euros  at  31st 
December 2011).

    Other businesses

Other businesses comprise mainly Transavia  and the catering activity. In  the 
fourth quarter, total revenues stood at 264 million euros against 269  million 
euros a year  earlier. The operating  result stood at  -18 million euros  (-21 
million euros at 31st December 2011). For the full year, revenues amounted  to 
1.29 billion euros (1.35 billion euros at 31st December 2011). The  difference 
comes  essentially  from  the   reclassification  of  the  Martinair   leisure 
activities in passenger. The operating result  stood at 12 million euros  (-28 
million euros a year earlier).

Transavia

                               Quarter to December 31 Full Year to December 31
                                2012    2011  Change    2012    2011   Change
Traffic (RPK millions)          2,899  2,775   4.5%    15,406  14,794   4.1%
Capacity (ASK millions)        3,415  3,290   3.8%    17,683  17,105   3.4%
Load factor                    84.9%  84.3%  0.6 pts  87.1%    86.5%  0.6 pts
Total passenger revenues (€m)    157    149    6.0%     889      816    8.9%
Scheduled passenger revenues     150    141    7.0%     851      784    8.5%
(€m)
Unit revenue per RPK (€cts)     5.17    5.06   2.0%     5.53    5.30    4.3%
Unit revenue per RPK at           -      -     2.0%      -        -     4.3%
constant currency (€cts)
Unit revenue per ASK (€cts)     4.39    4.27   2.7%     4.81    4.58    5.0%
Unit revenue per ASK at           -      -     2.7%      -        -     5.0%
constant currency (€cts)
Unit cost per ASK (€cts)       5.10    4.98   2.3%     4.82    4.61    4.5%
Unit cost per ASK at constant     -      -     -2.1%     -        -     -1.1%
currency and fuel price (€cts)
Operating result (€m)            -24    -23     nm       -1      -5      nm

Catering revenues were stable  in the fourth quarter  at 319 million euros  of 
which 84 million euros in third party revenues. The operating result stood  at 
4 million euros (8  million euros at  31st December 2011).  For the full  year 
revenues amounted to 928 million euros  of which 355 million euros with  third 
parties (-5.6%) while  the operating result  was 6 million  euros (25  million 
euros at 31st December 2011).

INCOME STATEMENTS



                     Q4 (October to December)  12 months (January to December)
         In euros     2012    2011   variation    2012      2011    variation
         millions                                         proforma
SALES                  6,304   6,028      4.6%     25,633    24,363       5.2%
Other revenues             5      12    -58.3%         16        39     -59.0%
EXTERNAL EXPENSES    (4,080) (3,899)      4.6%   (16,432)  (15,517)       5.9%
Aircraft fuel        (1,789) (1,622)     10.3%    (7,328)   (6,438)      13.8%
Chartering costs       (139)   (140)     -0.7%      (556)     (571)      -2.6%
Aircraft operating     (239)   (220)      8.6%      (957)     (848)      12.9%
lease costs
Landing fees and en    (451)   (451)      0.0%    (1,862)   (1,818)       2.4%
route charges
Catering               (145)   (149)     -2.7%      (595)     (577)       3.1%
Handling charges and
other operating        (347)   (339)      2.4%    (1,389)   (1,342)       3.5%
costs
Aircraft maintenance   (320)   (293)      9.2%    (1,151)   (1,172)      -1.8%
costs
Commercial and         (199)   (209)     -4.8%      (876)     (847)       3.4%
distribution costs
Other external         (451)   (476)     -5.3%    (1,718)   (1,904)      -9.8%
expenses
Salaries and related (1,898) (1,866)      1.7%    (7,660)   (7,460)       2.7%
costs
Taxes other than        (44)    (49)    -10.2%      (184)     (191)      -3.7%
income taxes
Amortization and       (404)   (416)     -2.9%    (1,591)   (1,642)      -3.1%
depreciation
Provisions              (33)    (32)      3.1%      (157)      (55)         na
Other income and           7      20    -65.0%         75       110     -31.8%
expenses
INCOME FROM CURRENT    (143)   (202)     29.2%      (300)     (353)      15.0%
OPERATIONS
Sales of aircraft          2      10        Na          7        16      56.3%
equipment
Sales of                   0       0        na         97         1         na
subsidiaries
Other non-current      (119)    (33)        na      (684)     (144)         na
income and expenses
INCOME FROM            (260)   (225)    -15.6%      (880)     (480)     -83.3%
OPERATING ACTIVITIES
Income from cash and      22      23     -4.3%         83        92      -9.8%
cash equivalents
Cost of financial      (111)   (121)     -8.3%      (436)     (463)      -5.8%
debt
Net cost of             (89)    (98)      9.2%      (353)     (371)       4.9%
financial debt
Foreign exchange          91    (28)        na         62     (116)         na
gains (losses), net
Change in fair value
of financial assets        4      76        na         62      (66)         na
and liabilities
Other financial            6       2        na         15         2         na
income and expenses
INCOME BEFORE TAX      (248)   (273)      9.2%    (1,094)   (1,031)      -6.1%
Income taxes              31       3        na       (27)       245         na
NET INCOME OF
CONSOLIDATED           (217)   (270)     19.6%    (1,121)     (786)     -42.6%
COMPANIES
Share of profits
(losses) of             (17)      12        na       (66)      (19)         na
associates
INCOME FROM
CONTINUING             (234)   (258)      9.3%    (1,187)     (805)     -47.5%
OPERATIONS
Net income from
discontinued
operations
NET INCOME FOR THE     (234)   (258)      9.3%    (1,187)     (805)     -47.5%
PERIOD
Minority interest        (1)     (1)                  (5)       (4)
NET INCOME FOR THE     (235)   (259)      9.3%    (1,192)     (809)     -47.3%
PERIOD - GROUP




CONSOLIDATED BALANCE SHEET

      Assets                         December 31,
                                             2012 December 31, 2011
In € millions
Goodwill                                      252               426
Intangible assets                             842               774
Flight equipment                           10,048            10,689
Other property, plant and equipment         1,932             2,055
Investments in equity associates              383               422
Pension assets                              3,470             3,217
Other financial assets(*)                   1,665             2,015
Deferred tax assets                         1,151             1,143
Other non-current assets                      152               168
Total non-current assets                   19,895            20,909
Assets held for sale                            7                10
Other short-term financial assets(*)          933               751
Inventories                                   521               585
Trade accounts receivables                  1,859             1,774
Income tax receivables                         11                10
Other current assets                          828               995
Cash and cash equivalents                   3,420             2,283
Total current assets                        7,579             6,408
Total assets                               27,474            27,317

      Liabilities and equity                    December 31,
                                                        2012 December 31, 2011
In € millions
Issued capital                                           300               300
Additional paid-in capital                             2,971             2,971
Treasury shares                                         (85)              (89)
Reserves and retained earnings                         1,738             2,858
Equity attributable to equity holders of Air           4,924             6,040
France-KLM
Non-controlling interests                                 56                54
Total equity                                           4,980             6,094
Provisions and retirement benefits                     2,287             2,061
Long-term debt                                         9,565             9,228
Deferred tax liabilities                                 431               466
Other non-current liabilities                            384               321
Total non-current liabilities                         12,667            12,076
Provisions                                               555               156
Current portion of long-term debt                      1,434             1,174
Trade accounts payables                                2,219             2,599
Deferred revenue on ticket sales                       2,115             1,885
Frequent flyer programs                                  770               784
Current tax liabilities                                    3                 6
Other current liabilities                              2,474             2,386
Bank overdrafts                                          257               157
Total current liabilities                              9,827             9,147
Total liabilities                                     22,494            21,223
Total liabilities and equity                          27,474            27,317

CONSOLIDATED STATEMENT OF CASH FLOWS

In € millions                                       2012       2011  1/04/2011
Period from January 1 to December 31,        (12 months) (12 months 31/12/2011
                                                          proforma) (9 months)
Net income for the period - Equity holders       (1,192)      (809)      (442)
of Air France-KLM
Non-controlling interests                              5          4          4
Amortization, depreciation and operating           1,748      1,697      1,296
provisions
Financial provisions                                (15)        (2)        (3)
Gain on disposals of tangible and intangible        (24)        (6)        (7)
assets
Loss / (gain) on disposals of subsidiaries             -        (2)          -
and associates
Gain on Amadeus operation                           (97)          -          -
Derivatives - non monetary result                   (86)        (8)         12
Unrealized foreign exchange gains and               (94)         95        169
losses, net
Share of (profits) losses of associates               66         19         12
Deferred taxes                                      (14)      (266)      (100)
Other non-monetary items                             505      (369)      (296)
Subtotal                                             802        353        645
(Increase) / decrease in inventories                  65         15       (13)
(Increase) / decrease in trade receivables         (140)       (49)        142
Increase / (decrease) in trade payables            (307)        690        343
Change in other receivables and payables             431       (75)      (559)
Net cash flow from operating activities              851        934        558
Acquisition of subsidiaries, of shares in           (39)       (30)        (7)
non-controlled entities
Purchase of property plants equipments and       (1,472)    (2,433)    (1,872)
intangible assets
Proceeds on Amadeus transaction                      466          -          -
Proceeds on disposal of subsidiaries and               1          -          -
investments in associates
Proceeds on disposal of property, plant and          745      1,168        862
equipment and intangible assets
Dividends received                                    24         28         28
Decrease (increase) in investments, net               30      (562)      (412)
between 3 months and 1 year
Net cash flow used in investing activities         (245)    (1,829)    (1,401)
Increase in capital                                    -          6          -
Purchase of non-controlling interests, of              -       (21)        (6)
owned shares
Disposal of subsidiaries without loss of               7          2          2
control,of owned shares
Issuance of debt                                   1,780      1,414        868
Repayment on debt                                  (847)      (990)      (874)
Payment of debt resulting from finance lease       (514)      (838)      (689)
liabilities
New loans                                           (90)      (145)      (102)
Repayment on loans                                   100        265        185
Dividends paid                                       (2)        (4)        (3)
Net cash flow from financing activities              434      (311)      (619)
Effect of exchange rate on cash and cash             (3)       (19)          -
equivalents and bank overdrafts
Change in cash and cash equivalents and bank       1,037    (1,225)    (1,462)
overdrafts
Cash and cash equivalents and bank                 2,126      3,351      3,588
overdrafts at beginning of period
Cash and cash equivalents and bank                 3,163      2,126      2,126
overdrafts at end of period

AIR FRANCE-KLM FLEET

Air France fleet

Aircraft  AF  Brit City Régional VLM Transavia Owned Finance Operating Total    In     Change /
              Air  Jet                                lease    lease         operation 12/31/11
B747-400   7                                     3      1        3       7       7        -2
B777-300  37                                    13      7       17      37      37        +3
B777-200  25                                    15      2        8      25      25
B767-300
A380-800   8                                     1      3        4       8       8        +2
A340-300  14                                     9      3        2      14      11        -4
A330-300
A330-200  15                                     3      2       10      15      15
MD11
Long haul 106                                   44     18       44      106     103       -1
B747-400   5                                     2               3       5       3
cargo
B777-      2                                     2                       2       2
cargo
MD-11-CF
MD-11-F
Freighter  7                                     4               3       7       5
B737 900
B737-800                                 8                       8       8       8
B737-700
B737-400
B737-300
A321      25                                     6      6       13      25      25
A320      59                                    20      3       36      59      56        -3
A319      42                                    20      5       17      42      41        -2
A318      18                                    11      7               18      18
Medium    144                            8      57     21       74      152     148       -5
haul
AVRO RJ             22                          11              11      22      19        -3
85
Canadair       13                               13                      13      13        +2
Jet 1000
Canadair
Jet 900
Canadair       15                                6      9               15      15
Jet 700
Canadair       13                               12      1               13       9        -4
Jet 100
Embraer                    10                    4               6      10      10
190
Embraer                    16                    8      2        6      16      16        +6
170
Embraer                    23                   11     11        1      23      23        -3
145
Embraer                    6                     4      2                6                -4
135
Fokker
100
Fokker 70
Fokker 50                        13             12               1      13      13        -1
Regional      41   22     55    13             81     25       25      131     118       -7
  TOTAL   257  41   22     55    13      8      186    64       146     396     374      -13

KLM fleet

Aircraft  KLM    KLM     Transavia Martinair Owned Finance Operating Total    In     Change /
              Cityhopper                            lease    lease         operation 12/31/11
B747-400  22                                  13      4        5      22      22
B777-300   7                                          7                7       7        +2
B777-200  15                                          6        9      15      15
B767-300
A380-800
A340-300
A330-300   3                                                   3       3       3        +3
A330-200  11                                          6        5      11      11
MD11       8                                   7      1                8       6        -4
Long haul 66                                  20     24       22      66      64        +1
B747-400   4                           3              3        4       7       4        -1
cargo
B777-
cargo
MD-11-CF                               4       3               1       4       4
MD-11-F                                3              2        1       3       2        -1
Freighter  4                          10       3      5        6      14      10        -2
B737 900   5                                   1      1        3       5       5
B737-800  23                21                 4     11       29      44      44        +1
B737-700  18                10                       13       15      28      28
B737-400   3                                   3                       3
B737-300
A321
A320
A319
A318
Medium    49                31                 8     25       47      80      77        +1
haul
AVRO RJ
85
Canadair
Jet 1000
Canadair
Jet 900
Canadair
Jet 700
Canadair
Jet 100
Embraer           22                                 13        9      22      22        +5
190
Embraer
170
Embraer
145
Embraer
135
Fokker            1                            1                       1                -5
100
Fokker 70         26                          26                      26      26
Fokker 50
Regional          49                          27     13        9      49      48
   KLM    119     49        31        10      58     67       84      209     199
         TOTAL Air France-KLM Group           244    131      230     605     573      -13

[1]Before amortisation, provisions and operating leases
[2]Adjusted for portion of operating leases corresponding to financial charges
(34%)
[3]Definition in 2011 Registration Document page 144. Reconciliation table
available in results presentation.

FY 2012 results

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Source: AIR FRANCE - KLM via Thomson Reuters ONE
HUG#1680121