5 billion for the purchase of 10 Boeing 777

For the second consecutive year, Air France-KLM confirmed its position as world number one in air transport, announcing yesterday a turnover 2005-2006 (fiscal year ended March 31) 21.44 billion euros, an increase of 10, a 936 million operating profit, an increase of 69. The net result share of group, non-reprocessing surpluses of KLM retreats, advanced by 29, to EUR 913 million. Air France and KLM, who took the risk of dramatically increasing their offer ( 6.2), thus realize the best performance in their history, despite an additional oil to 876 million euros ( 31.9). The Group has been better than British Airways and Lufthansa, both for the traffic growth ( 8.6, 4 to its competitors) in coefficient of filling of aircraft (81 versus respectively 76) and 75. Its market share in Europe and achieved 27 ( 0.7 points), 19.2 for the German carrier and 16.1 for the British.

According to the CEO, Jean-Cyril Spinetta, this "profitable growth" that the stock market has not praised yesterday, title, closing slightly down 0.58, to EUR 17.15 should continue this year. "Our goal is to identify operating income at least equivalent to that of last year," he said, building on an increase in the supply of 4.8 and an oil bill increased by $ 1 billion, 5.4 billion (EUR 4.2 billion). Medium term, the group is also committed to reach 7 of RoCE (return on capital employed after tax) by 2009-2010, compared with 5.2 in 2005-2006 and 3.8 per cent in 2004-2005. Its leader development, to do this, on the dynamism of the global market and productivity gains.

"Good social visibility."

"These past three years, we have strongly improved our productivity by continuing strong growth in constant numbers, he says." For the period 2006-2009, we plan to further increase our offer of 14, with an increase of the workforce limited to 2. "The recent signing of agreements with trade unions gives, in addition,"good social visibility. "

Jean-Cyril Spinetta is also confident in the ability of the group to deal with oil prices. "We are capable of the support by improving our financial performance", he said, acknowledging however benefit from "temporary advantage" coverage better than its competitors. Last year, 85 of the needs of Air France-KLM were covered at 39 dollars per barrel of crude, against 59 dollars on the market. For the current year, coverage still is 77, to $ 50 per barrel instead of $ 72. However, as of 2007-2008, it will fall to 41, 52 dollars, and 21, to $ 47, in 2008-2009.

"We will adapt our policy of coverage in the coming months", assured the Director General Pierre-Henri Gourgeon, which does not, as required, to once again raise the fuel overload. Last year, this tariff supplement represented revenues EUR 400 million.

The group will make a "break" in aircraft purchases, after record investment of the past two years ( 2.5 billion for the purchase of 10 Boeing 777). According to Jean-Cyril Spinetta, a possible command A350 or Boeing 787 will "not intervene before 2008", for first deliveries in 2012. "We will wait to know the offer of two manufacturers," he said. The CEO of Air France-KLM also wants to continue the reduction of debt, reduced to 130 in 2004 to 56 today. "We are now at the level of Lufthansa and significantly better than British Airways", said Jean - Cyril Spinetta.