Air France-KLM SA, Q1 2013 Earnings Call, May 03, 2013

Air France-KLM SA announced unaudited group earnings and operating results for the first quarter ended March 31, 2013. For the quarter, sales were EUR 5,721 million, loss from current operations was EUR 530 million, loss from operating activities was EUR 557 million, loss before tax was EUR 603 million, net loss of consolidated companies was EUR 575 million, loss from continuing operations was EUR 629 million and net loss for the period was EUR 629 million against sales of EUR 5,645 million, loss from current operations of EUR 611 million, loss from operating activities of EUR 516 million, loss before tax of EUR 322 million, net loss of consolidated companies of EUR 341 million, loss from continuing operations of EUR 379 million and net loss for the period of EUR 379 million for the same period a year ago. Net cash flow from operating activities was EUR 212 million and purchase of property, plant and equipment and intangible assets was EUR 282 million against net cash used in operating activities of EUR 58 million and purchase of property, plant and equipment and intangible assets of EUR 416 million a year ago. Net diluted loss per share was EUR 2.13 against EUR 1.28 a year ago. Adjusted operating loss was EUR 451 million against EUR 535 million a year ago. EBITDAR was EUR 123 million against EUR 23 million a year ago. Net debt amounted to EUR 5.90 billion compared to EUR 5.97 billion at December 31, 2012. The passenger activity recorded a 0.8% rise in traffic for virtually stable capacity (+0.2%). The load factor gained 0.5 points to 82.1%. The cargo activity, which continued to be affected by the economic slowdown and the situation of overcapacity in the industry, reduced capacity by 4.1%. With traffic down 6.9%, the load factor declined by 1.9 points to 63.0%. Unit revenue per available tonne kilometre (RATK) fell by 1.9%, and by 1.0% ex-currency.

Air France-KLM SA, Board Meeting, May 02, 2013. Agenda: To examine the unaudited accounts for the first quarter of 2013.