Air France-KLM (LTS:0LN7)
€ 8.092 0.037 (0.46%) Market Cap: 2.12 Bil Enterprise Value: 11.09 Bil PE Ratio: 42.13 PB Ratio: 0 GF Score: 60/100
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Q2 2019 Air France KLM SA Earnings Call Transcript

Jul 31, 2019 / 07:30AM GMT
Release Date Price: €93.87 (+8.01%)
Operator

Good day, and welcome to the HY 2019 Air France-KLM Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mr. Ben Smith, CEO, Air France-KLM; and Mr. Frédéric Gagey, CFO, Air France-KLM. Please go ahead.

Benjamin M. Smith
Air France-KLM SA - CEO & Director

Good morning, ladies and gentlemen. I am here today with Frédéric Gagey, and we are very pleased to welcome you to this presentation of Air France-KLM's 2019 first half results. Firstly, thank you for joining the call and for your flexibility on the change in schedule. I'm going to share with you a number of strategic decisions contributing to the simplification and modernization of our fleet.

First, a few comments about our group's activity in the second quarter of 2019. So within a challenging environment, owing to the current geopolitical tensions and economic uncertainties, Air France-KLM posted a robust second quarter with a 5.1% increase in passenger numbers and a 0.9% improvement (sic - see slide 2, "0.8%") in

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