Press Release - Update on Summer bookings

Rhea-AI Summary

Air France-KLM and Transavia France are facing pressure on projected unit revenues for the summer season due to the upcoming Olympic Games in Paris. Traffic to and from Paris is lagging behind other European cities, with international markets avoiding the city and residents postponing their holidays. This has led to an estimated negative impact on unit revenues of €160m - €180m for June-August 2024. Despite this, the company has not adjusted its guided capacity. Demand is expected to normalize after the Olympics, with encouraging projections for late August and September.

Positive

• None.

Negative

• Projected unit revenue decline of €160m - €180m for June-August 2024.
• Reduced traffic to and from Paris compared to other European cities.
• International markets showing significant avoidance of Paris.
• Residents postponing holidays or considering alternative travel plans.

                                        

Paris, July 1, 2024        

Update on Summer bookings

Air France and Transavia France are currently experiencing pressure on projected unit revenues for the summer season due to the upcoming Olympic Games in Paris, with traffic to and from the French capital lagging behind other major European cities.

International markets show a significant avoidance of Paris. Travel between the city and other destinations is also below the usual June-August average as residents in France seem to be postponing their holidays until after the Olympic Games or considering alternative travel plans.

As a result, Air France-KLM currently estimates a negative impact on its forthcoming unit revenues in an order of magnitude, from €160m - €180m for the period June until August 2024. This event has no impact on our guided capacity at this stage. More details will be provided during the Group’s half year results, on July 25^th.

Travel to and from France is expected to normalize after the Olympic Games, with encouraging demand levels projected for the end of August and the month of September.

Note to editors:

Similar trends are visible in the hotel bookings according to the June 2024 “Baromètre du tourisme parisien” issued by Paris Je t’Aime, the Paris board of tourism.

Investor Relations                                                        

Michiel Klinkers                        Marouane Mami                                                            

michiel.klinkers@airfranceklm.com        marouane.mami@airfranceklm.com

Website : www.airfranceklm.com

Attachment

• PR - Update on Summer bookings

FAQ

What is the impact of the upcoming Olympic Games on Air France-KLM's summer 2024 bookings?

The upcoming Olympic Games in Paris are causing reduced traffic to and from the city, leading to an estimated impact on unit revenues of €160m - €180m for Air France-KLM during June-August 2024.

How much revenue is Air France-KLM expected to lose due to the reduced traffic in summer 2024?

Air France-KLM expects to lose between €160m - €180m in unit revenues due to reduced traffic to and from Paris during June-August 2024.

Why is Air France-KLM experiencing pressure on projected unit revenues for summer 2024?

Air France-KLM is experiencing pressure on projected unit revenues due to the upcoming Olympic Games, which has led to reduced traffic to and from Paris and residents postponing their holidays.

Will Air France-KLM adjust its capacity due to the reduced summer bookings?

Despite the reduced summer bookings, Air France-KLM has stated that there will be no impact on their guided capacity at this stage.

What is the expected demand for travel to and from France after the Olympic Games?

Travel demand to and from France is expected to normalize after the Olympic Games, with encouraging projections for late August and September 2024.