Air France-KLM (AF) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with thanks to shareholders and a review of 2024 milestones, including a 4.8% turnover increase and operating income of EUR 1.6 billion, with 98 million passengers transported.

• The agenda included financial results, strategic orientations, CSR strategy, governance, and compensation, with presentations from the CEO and CFO.

Financial performance review

• Revenue reached EUR 31.5 billion, a 5% year-over-year increase, with operating margin over 5%.

• Net income was EUR 500 million, equity grew to EUR 800 million, and leverage improved to 1.7.

• Passenger business grew 3%, premium cabins performed strongly, and Transavia revenues rose 15%.

• Maintenance business external revenues grew 24%, with a EUR 170 million operating result.

• COVID-related debt repayments continued, and free cash flow improved by over EUR 300 million.

Board and executive committee updates

• Anne-Marie Couderc ended her presidency, succeeded by Florence Parly.

• The Board structure includes four specialized committees, with a focus on governance and sustainability.

• Seven Board mandates ended, with new appointments and renewals approved.