The group reported total revenue of 2.75 billion euros for the second quarter of 2021, which is 1.57 billion euros more than the group announced at the same time last year, but less than half of its total revenue in the second quarter of 2019. Its capacity was just under half of 2019 levels in the second quarter. The group said it stole “more capacity than its main European competitors” during the quarter. The group’s average load factor for the quarter was 43.7%.
The best performing links are the French national links as well as those to Greece and the West Indies, according to the group.
“With the relaxation of travel restrictions in several key regions, the second quarter of 2021 saw the first signs of the long-awaited recovery,” Benjamin Smith, CEO of Air France-KLM, said in a statement. “The reciprocity of reopening borders and accelerating the rollout of immunization around the world, especially in the context of the rise of the delta variant, will play a key role in sustaining this momentum. “
The group noted that booking trends continued to improve after June, including on North Atlantic routes as Europe eased restrictions for fully vaccinated U.S. residents. It plans to operate between 60% and 70% of 2019 capacity in the third quarter, although the group does not foresee capacity beyond the third quarter “due to the uncertainty of the reopening of the North Atlantic for European citizens and uncertainty over the lifting of travel restrictions. “
Air France-KLM recorded a net loss of 1.49 billion euros for the quarter, an improvement of 1.12 billion euros compared to the second quarter of 2020.
Air France-KLM first quarter results