AIR FRANCE - KLM: June 2014 traffic and Full Year 2014 outlook

        AIR FRANCE - KLM: June 2014 traffic and Full Year 2014 outlook                                                                  8^th July 2014  JUNE 2014 TRAFFIC    oPassenger: disciplined capacity growth, stable unit revenue at constant     currency    oCargo: further reduction in full freighter capacity   oFull Year 2014 outlook: EBITDA objective revisedto between 2.2 and 2.3     billion euros  Traffic highlights  Passenger                 Capacity     Traffic   Load Factor Change (pts)                          (ASK, %ch.) (RPK, %ch.)    (%) Long-haul                   +2.0%       +2.6%       86.8%        +0.5 Americas                    +5.3%       +4.1%       89.8%        -1.0 Asia                        -0.7%       -0.6%       85.7%        +0.1 Africa / Middle East        -0.0%       +0.7%       81.5%        +0.6 Caribbean/ Indian Ocean    -0.4%       +7.6%       85.5%        +6.3 Short and Medium-haul       +1.0%       +4.2%       83.6%        +2.5 Total                       +1.8%       +2.9%       86.2%        +0.9    o7.2 million passengers, +3.9%   oShort and Medium-haul affected by air traffic control strikes in both June     2013 and 2014   oUnit revenue per available seat kilometer (RASK) ex-currency stable     compared with June 2013 in spite of higher load factors  Transavia  Capacity     Traffic   Load Factor Change (pts)           (ASK, %ch.) (RPK, %ch.)    (%) Total        +4.6%       +4.3%       90.8%        -0.2    o1 million passengers, +7.6%   oOngoing accelerated development of Transavia France: capacity +13.6%   oStable load factor  Cargo  Capacity     Traffic   Load Factor Change (pts)       (ATK, %ch.) (RTK, %ch.)    (%) Total    -1.7%       -4.3%       60.7%        -1.6    oFurther reduction in full freighter capacity, -9.4%   oUnit revenue per available ton kilometer (RATK) ex-currency down compared     with June 2013  Recent developments    oOn June 24, Air France inaugurated the first Boeing 777 equipped with the     new cabins on the Paris-New York route. On this occasion the exhibition     'Air France, France is in the air' opened in New York, enabling visitors     to discover the numerous product upscaling initiatives implemented by the     company. At the same time, KLM is pursuing the deployment of its new World     Business Class, which is already installed on its entire fleet of 22     Boeing 747-400s. The equipment of KLM's Boeing 777s will commence in     September.        oThe voluntary departure plan relating to Air France ground staff,     announced in October 2013 as part of the additional restructuring     measures, was completed at the end of June. With 1,772 validated     applications, corresponding to 1,660 FTEs, the plan almost reached its     objective of 1,826 departures. A plan aimed at 700 FTEs among the cabin     crew has just begun.  Outlook  While not representing a turning point in market trends, the June traffic figures published today as well as bookings for July and August nevertheless reflect the over-capacity on certain long-haul routes, notably North America and Asia, with the attendant impact on yields. This comes on top of the persistently weak cargo demand and the challenging situation in Venezuela identified in the First Quarter.  These factors lead us to revise our EBITDA target for Full Year 2014 from around 2.5 billion euros to between 2.2 and 2.3 billion euros, a rise of over 20% compared with 2013.  Strong capital disciple will enable us to remain on track in terms of debt reduction and we confirm our objective of 4.5 billion euros in net debt in 2015.  Agenda  25^th July 2014: H1 2014 results 8^th August 2014: July 2014 Traffic 8^th September 2014: August 2014 Traffic  Investors                                                                                            Press Bertrand Delcaire                                                        Dirk Voermans               France: +33 1 41 56                                                                                                      56 00 +33 1 49 89 52                                                           +33 1 49 89 52 60           Netherlands: +31 59                              20649 45 45 bedelcaire@airfranceklm.com                                              divoermans@airfranceklm.com       Website:  www.airfranceklm-finance.com www.airfranceklm-finance.com                                                                         www.airfranceklm.com                                    STATISTICS                               Passenger activity                                      June                   Year to date Total Group                  2014   2013  Variation   2014    2013   Variation Passengers carried ('000s)  7,189  6,917    3.9%     37,868  37,156    1.9% Revenue pax-kilometers (m                   2.9%                       2.5% RPK)                        20,437 19,862            112,086 109,394 Available seat-kilometers                   1.8%                       1.2% (m ASK)                     23,720 23,296            133,710 132,183 Load factor (%)             86.2%  85.3%     0.9      83.8%   82.8%     1.1 Long-haul Passengers carried ('000s)  2,179  2,126    2.5%     12,070  11,758    2.7% Revenue pax-kilometers (m                   2.6%                       2.7% RPK)                        16,269 15,861            90,812  88,459 Available seat-kilometers                   2.0%                       1.8% (m ASK)                     18,734 18,361            106,106 104,232 Load factor (%)             86.8%  86.4%     0.5      85.6%   84.9%     0.7 Americas Passengers carried ('000s)   979    937     4.4%      4,834   4,642    4.1% Revenue pax-kilometers (m                   4.1%                       4.1% RPK)                        7,526  7,227             37,849  36,357 Available seat-kilometers                   5.3%                       4.7% (m ASK)                     8,380  7,961             43,364  41,410 Load factor (%)             89.8%  90.8%    (1.0)     87.3%   87.8%    (0.5) Asia / Pacific Passengers carried ('000s)   524    529    (1.0%)     2,945   2,957   (0.4%) Revenue pax-kilometers (m                  (0.6%)                     (0.2%) RPK)                        4,608  4,636             26,037  26,099 Available seat-kilometers                  (0.7%)                     (1.6%) (m ASK)                     5,377  5,414             30,345  30,836 Load factor (%)             85.7%  85.6%     0.1      85.8%   84.6%     1.2 Africa / Middle East Passengers carried ('000s)   438    438    (0.1%)     2,579   2,504    3.0% Revenue pax-kilometers (m                   0.7%                       3.4% RPK)                        2,406  2,390             14,468  13,991 Available seat-kilometers                  (0.0%)                      1.5% (m ASK)                     2,953  2,955             18,075  17,805 Load factor (%)             81.5%  80.9%     0.6      80.0%   78.6%     1.5 Caribbean / Indian,Ocean Passengers carried ('000s)   238    222     7.3%      1,712   1,655    3.4% Revenue pax-kilometers (m                   7.6%                       3.7% RPK)                        1,730  1,608             12,458  12,012 Available seat-kilometers                  (0.4%)                      1.0% (m ASK)                     2,024  2,032             14,321  14,182 Load factor (%)             85.5%  79.1%     6.3      87.0%   84.7%     2.3 Short and Medium-haul Passengers carried ('000s)  5,010  4,791    4.6%     25,798  25,398    1.6% Revenue pax-kilometers (m                   4.2%                       1.6% RPK)                        4,168  4,001             21,274  20,935 Available seat-kilometers                   1.0%                      (1.2%) (m ASK)                     4,985  4,936             27,604  27,951 Load factor (%)             83.6%  81.1%     2.5      77.1%   74.9%     2.2  Transavia activity                                          June                 Year to date Total Group                       2014  2013  Variation  2014  2013  Variation Passengers carried ('000s)        1,035  961    7.6%     4,320 3,919   10.2% Revenue pax-kilometers (m RPK)    1,934 1,854   4.3%     8,277 7,743   6.9% Available seat-kilometers (m ASK) 2,130 2,037   4.6%     9,283 8,775   5.8% Load factor (%)                   90.8% 91.0%  (0.2%)    89.2% 88.2%    0.9  An Excel file containing historical Transavia traffic data is available on our website at http://www.airfranceklm-finance.com/en/content/download/19091/170429/file/Monthly%20Transavia%20traffic%20data%20since%20Jan%2012.xlsx  Cargo activity                                   June                 Year to date Total Group                2014  2013  Variation  2014  2013  Variation Revenue tonne-km (m RTK)    800   836   (4.3%)    4,933 4,932   0.0% Available tonne-km (m ATK) 1,319 1,341  (1.7%)    7,710 7,827  (1.5%) Load factor (%)            60.7% 62.3%   (1.6)    64.0% 63.0%    1.0 Americas Revenue tonne-km (m RTK)    330   342   (3.4%)    2,065 2,035   1.4% Available tonne-km (m ATK)  569   578   (1.7%)    3,208 3,228  (0.6%) Load factor (%)            58.1% 59.2%   (1.0)    64.4% 63.0%    1.3 Asia / Pacific Revenue tonne-km (m RTK)    309   327   (5.4%)    1,845 1,860  (0.8%) Available tonne-km (m ATK)  408   419   (2.5%)    2,376 2,435  (2.4%) Load factor (%)            75.8% 78.1%   (2.3)    77.7% 76.4%    1.3 Africa / Middle East Revenue tonne-km (m RTK)    123   129   (4.3%)     776   793   (2.2%) Available tonne-km (m ATK)  213   219   (2.7%)    1,319 1,357  (2.8%) Load factor (%)            58.0% 59.0%    1.0     58.8% 58.4%    0.4 Caribbean / Indian Ocean Revenue tonne-km (m RTK)    31    32    (1.7%)     216   210    3.0% Available tonne-km (m ATK)  81    80     0.8%      542   545   (0.6%) Load factor (%)            38.6% 39.6%   (1.0)    39.9% 38.5%    1.4 Short and Medium-haul Revenue tonne-km (m RTK)     5     6    (2.6%)     32    34    (4.0%) Available tonne-km (m ATK)  48    45     6.4%      265   260    1.6% Load factor (%)            11.3% 12.3%   (1.0)    12.2% 12.9%   (0.7)  June 2014 traffic  ------------------------------------------------------------------------------  This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: AIR FRANCE - KLM via Globenewswire HUG#1816815  
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