Air France-KLM (XPAR:AF)
€ 10.385 -0.04 (-0.38%) Market Cap: 2.73 Bil Enterprise Value: 441.37 Mil PE Ratio: 3.45 PB Ratio: 0 GF Score: 75/100
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Q3 2019 Air France KLM SA Earnings Call Transcript

Oct 31, 2019 / 07:30AM GMT
Release Date Price: €53.84 (-1.02%)
Operator

Ladies and gentlemen, good day, and welcome to the Q3 2019 Air France-KLM Conference Call. Today's conference is being recorded.

At this time, I'd like to turn the conference over to Mr. Frédéric Gagey, Chief Financial Officer of Air France-KLM. Please go ahead, sir.

FrÃ;dÃ;ric N. P. P. Gagey
Air France-KLM SA - CFO

©© -

Good morning to everybody. Welcome to this analyst call for the result of Air France Third Quarter 2019. I am in Paris with the CFOs of Air France and KLM and the team of the Investor Relations.

So I go to the presentation directly. I propose to go to the first slide, which is short. As you may have heard, the result for this third quarter, what is happening during these last 3 months? First, we continued to increase our activities. Traffic is up 2%. But as we warned you already in August, we have a negative passenger unit revenue. If you add together the networks Air France-KLM plus Transavia, we have this passenger unit revenue at minus 0.6%. So this in line with the message we have

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