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KLM Group 2024 Annual Results: Disappointing performance underlines urgent need for action

By March 6, 2025 7:03 pmCompagnies

Visit Air France-KLM Group presented its annual results 2024This was a solid performance despite some notable obstacles. Operating income reached 1.6 billion euros with a operating margin of 5.11TP4Q. However, profits were down significantly, and the company is committed to reducing its greenhouse gas emissions by 30% by 2030. Despite the turbulence caused by the increase in the tax on airline tickets, annual sales rose by 4.8% to reach 31.5 billion eurosa sign of favorable sales momentum.

Operating income down

The Group Air France-KLM has unveiled its results for 2024, and the conclusion is clear: a year marked by disappointing performance. With operating income of just 1.6 billion euros, the operating margin stood at 5.1 %, reflecting a significant drop compared with previous years.

Sales growth

Despite this, Group sales rose to 31.5 billion euros, up 4.8 1TP4Q on the previous year. This increase is mainly attributable to enhanced capacity of 3 % and a total number of passengers carried of 25.7 million in the second quarter of 2024, and 27.9 million in the third quarter of the same year.

Last Quarter Challenges

For the fourth quarter of 2024, the company's sales amounted to 7.9 billion euros, marking an increase of 6.4 % compared with the previous year. However, this is not enough to mask persistent challenges. The airline group faced headwinds of around 300 million euros, mainly due to higher air fares in France.

Economic and Environmental Turbulence

Economic turbulence, accentuated by severe fiscal measures, underlines the urgency for Air France-KLM to adopt innovative strategies. The Group is thus committed to stepping up its efforts to reduce CO2 emissions, aiming for a reduction of 30 % by 2030.

Commitment to a sustainable future

Despite these difficulties, Air France-KLM continues to stand out for its commitment to the environment. The company is pursuing its objective of reducing its carbon footprint through the increased integration of new-generation aircraft. This is in line with a fleet renewal policy aimed at securing a steady supply of environmentally-friendly fuel. sustainable fuel.

Cooperation and Acquisition

In addition, the Group finalized the acquisition of a minority stake in the capital of SAS AB. This strategic initiative inaugurates an extended commercial cooperation from September 1, 2024, promising to strengthen the Group's position on the European market.

Prospects for the future

Finally, despite a lacklustre performance, the Group's efforts to counter the economic and environmental difficulties testify to its determination to adapt to a demanding operating climate. The challenge for Air France-KLM will now be to transform these initiatives and cooperative ventures to restore sustainable profitability.

discover the klm group's 2024 annual results, where disappointing performance highlights the urgency of adopting strategic measures to turn the situation around. analysis of the challenges and outlook for the future.

Evaluation of the Air France-KLM Group's 2024 Annual Results

Indicator Performance 2024
Operating income 1.6 billion euroslower performance
Operating margin 5,1%in line with the previous year
Sales figures 31.5 billion eurosup 4.8%
Passengers Q2 2024 25.7 million4.4% compared with 2023
Passengers T3 2024 27.9 million3.5% compared with 2023
Capacity Increase of 3.6% in 2024
Sales cooperation with SAS AB Start-up in September 2024
Strategy for reducing CO2 emissions Commitment to -30% by 2030
Financial turmoil Negative impact of 300 million euros
Air ticket tax Increase in March 2025

Marc Leonelli

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