Air France–KLM
Revenue | €30.019 billion (2023)[2] |
---|---|
€1.712 billion (2023)[2] | |
€990 million (2023)[2] | |
Total assets | €34.490 billion (2023)[2] |
Owners |
|
Number of employees | 77,806 (2023) Gol Transportes Aéreos (1.5%) |
Website | airfranceklm |
Air France–KLM S.A., also known as Air France–KLM Group, is a French
History
This section may be too long to read and navigate comfortably. (January 2024) |
On 5 May 2004, Air France–KLM was created by the mutually agreed merger between Air France and Netherlands-based KLM. As a result of the deal, the French government's share of Air France was reduced from 54.4% (of the former Air France) to 44% (of the combined airline). Its share was subsequently reduced to 25%, and later to 17.6%. At the time of the merger in May 2004, Air France and KLM combined offered flights to 225 destinations in the world. In the year ending 21 March 2003, the two companies combined transported 66.3 million passengers.
In October 2005, Air France Cargo and KLM Cargo, the two freight subsidiaries of the group, merged their commercial activities. The Joint Cargo Management Team now operates the organisation worldwide from the Netherlands.
In a 2007 opening for a majority takeover of the loss-generating
In 2008, it was the largest airline company in the world in terms of total operating revenues, and also the largest in the world
Air France–KLM, along with its partner
In February 2011, Air France–KLM and Delta Air Lines were working together to examine a bid for Virgin Atlantic as Richard Branson had a 51 percent stake and the rest is held by Delta.[10]
In August 2011, Air France–KLM was categorized as one of World's 10 safest airlines.[11]
In December 2013, Air France–KLM sold its subsidiary CityJet to Intro Aviation.
In early April 2016, Alexandre de Juniac, Chairman and CEO since 1 July 2013 resigned and was replaced by Jean-Marc Janaillac on 4 July 2016.[12]
In January 2018 before the
At the end of 2018 Air France–KLM will select its
On 4 May 2018, Jean-Marc Janaillac announced that he will be resigning as CEO of Air France–KLM, after employees rejected new salary package.[14]
On 16 August 2018, the Board of Directors of Air France–KLM announced the appointment of
On 26 February 2019, the Dutch government announced that it had "purchased 12.68 percent of shares in Air France-KLM" and "plans to build up its stake to around 14 percent".[15]
In May 2022, Air France–KLM signed a strategic partnership with CMA CGM to develop their air cargo capacities together. CMA CGM is the parent company of CMA CGM Air Cargo which was founded in 2021. As part of the agreement CMA CGM acquired a 9% stake in AF-KLM;[16] However, this agreement was terminated by mutual agreement in January 2024 without change in the capital structure of the group.[17][18]
On 12 July 2023, Air France–KLM announced a 10-for-1 reverse stock split and an ISIN change on 31. August 2023.[19]
Corporate affairs
Business trends
In May 2010, Air France–KLM announced increased losses (€1.56 billion for the year to 31 March 2010), and warned that the 2010 eruptions of Eyjafjallajökull had caused a further €160 million loss in the current financial year. Air France–KLM is one of the largest airline companies in Europe, with 204.7 billion passenger-km in the year ending 31 March 2011.[20]
Private shareholders own 81.4% of the company with 37% held by former Air France shareholders and 21% held by former KLM shareholders. The
In June 2008, Air France–KLM agreed to pay $350 million to settle charges of cargo price fixing in an investigation conducted by the
The company spends about a third of its revenue on staff, its biggest expense, while Lufthansa only spends around a quarter, so to save around 800 million euros (app. 1.04 billion US$) annually over the next three years, the company will make a recruitment freeze which will lead to 2,000 job cuts in 2012.[23]
In February 2014, Air-France KLM invested $100 million in Brazilian airline Gol Linhas Aéreas Inteligentes in advance of the 2014 football World Cup.[24]
During 2015, Air France went through a severe business crisis and a pilot's strike, which made the French airline cut almost 3,000 jobs, KLM defer some of its pending 787 deliveries, KLM's cargo subsidiary
Ownership
As of July 2023[update], the shareholding structure of the group is:[26]
Shareholder | Interest |
---|---|
French State | 28.6% |
Dutch State |
9.3% |
CMA CGM | 9.0% |
China Eastern Airlines | 4.7% |
Delta Air Lines | 2.9% |
Employees | 1.2% |
Treasury shares |
0.1% |
Other investors | 44.2% |
Head office
Air France–KLM's head office is located in the
Fleet
As of March 2024, the Air France-KLM Group operates the following aircraft in its passenger fleet:
Aircraft | In service | Orders |
---|---|---|
Airbus A220-300
|
32 | 28 |
Airbus A318-100
|
6 | — |
Airbus A319-100
|
12 | — |
Airbus A320-200
|
37 | — |
Airbus A320neo
|
1 | 98 |
Airbus A321neo | 1 | |
Airbus A321-100
|
4 | — |
Airbus A321-200
|
11 | — |
Airbus A330-200
|
20 | — |
Airbus A330-300
|
5 | — |
Airbus A350-900
|
27 | 50 |
Airbus A350-1000
|
— | |
Boeing 737-700
|
10 | — |
Boeing 737-800
|
141 | — |
Boeing 737-900
|
5 | — |
Boeing 777-200ER
|
33 | — |
Boeing 777-300ER
|
59 | — |
Boeing 787-9
|
23 | — |
Boeing 787-10
|
10 | 5 |
Subsidiaries
Wholly owned
Wholly owned subsidiaries of Air France–KLM include:
- Air France
- Air France Cargo
- Air France Hop
- Transavia France (96%)
- KLM
- KLM Cargo
- KLM Cityhopper
- KLM Asia
- Martinair
- Transavia
- Transavia France (4%)[31]
Until January 2017, Air France–KLM also fully owned Cobalt Ground Solutions the third largest
Air France Services Ltd (AFSL) was one of the major ground handling companies at Heathrow airport. AFSL was created on 15 January 1997 and was in the beginning a partnership between Air France and Servisair Ltd. Servisair then decided to pull out.[citation needed]
The group also owns Cygnific which is one of the biggest Sales & Service Centres of Air France–KLM. Cygnific is a full subsidiary of KLM Royal Dutch Airlines, operating as an independent company with its own business strategy, operational processes and human resources policy. Cygnific serves passengers and travel agents on behalf of KLM, Air France and Delta Air Lines.[33]
Minority interests
Airlines in which Air France–KLM owns a minority interest:
- Air Corsica 11.95%[citation needed]
- Air Côte d’Ivoire 20%[34]
- Air Mauritius 2.78%[35]
- Air Tahiti 7.48%[citation needed]
- Kenya Airways 7.95%[36]
- Air Calédonie 2.09%[citation needed]
- Gol Transportes Aéreos 1.19%[35]
- Royal Air Maroc 1.25%[37]
- Scandinavian Airlines 19.9%[38]
- NS International (formerly NS Hispeed, high-speed rail connections linking Amsterdam (Schiphol) to Brussels and Paris) 10%[citation needed]
Former subsidiaries
- Air France Asie
- Cityjet: Air France–KLM used to own the entire company, until the sale to Intro Aviation, a German aviation holding company.
- KLM alps
- KLM exel
- KLM uk
- VLM Airlines: Air France–KLM merged the operations of this company with the ones from Cityjet. It was sold at the same time.
- Joon: Air France–KLM merged the company back into Air France in June 2019[39]
References
- ^ Sep 14; Massy-Beresford, 2018 Helen. "New CEO takes helm at Air France-KLM Sept. 17". atwonline.com.
{{cite web}}
: CS1 maint: numeric names: authors list (link) - ^ a b c d e "Consolidated Financial Statements" (PDF). Air France-KLM. Retrieved 29 March 2024.
- ^ "Air France - KLM (Air France - KLM group)". data.gouv.fr (in French). French public administration. Retrieved 12 November 2023.
- ^ "Alitalia favors Air France–KLM bid." CNN. Friday 21 December 2007. Retrieved on 3 February 2010.
- ^ "Alitalia boss quits as talks end." BBC. Wednesday 2 April 2008. Retrieved on 3 February 2010.
- ^ "Air France seen beating tough odds for Alitalia." Reuters. Friday 2 January 2009. Retrieved on 3 February 2010.
- ^ "Air France–KLM in talks to invest in JAL-source". Reuters. 15 September 2009. Retrieved 12 April 2012.
- ^ "JAL alliance talks heat up with Air France–KLM entry". Reuters. 15 September 2009. Retrieved 12 April 2012.
- ^ "Comments By American Airlines CEO Gerard Arpey on Japan Airlines Decision to Continue Membership in oneworld Alliance – 9 Feb 2010". Aa.mediaroom.com. 9 February 2010. Retrieved 12 April 2012.
- ^ Air France, Delta to examine Virgin Atlantic bid, 20 February 2011, Reuters, retrieved 14 October 2017
- ^ "World's Top 10 Safest Airlines Named". 30 August 2011. Archived from the original on 23 March 2012. Retrieved 3 September 2011.
- ^ Mulier, Thomas, Air France-KLM Names Janaillac CEO and Chairman as of July 4, 24 June 2016, Bloomberg News, retrieved 14 October 2017
- ^ a b "Air France-KLM prévoit de renouveler sa flotte moyen-courrier". L'Aérien (in French). 18 January 2018.
- ^ "Air France-KLM CEO to resign after employees reject salary package". 4 May 2018.
- ^ The Washington Post
- ^ Bodell, Luke (19 May 2022). "Air France-KLM Partners With CMA CGM: What You Need To Know". Simple Flying. Retrieved 22 May 2022.
- ^ The Load Star CMA CGM losses said to be at heart of 'divorce' from AF-KLM https://theloadstar.com/cma-cgm-losses-said-to-be-at-heart-of-divorce-from-af-klm/
- ^ Air France-KLM capital shareholding structure as of December 2022 https://www.airfranceklm.com/en/finance/air-france-klm-capital/shareholding-structure
- ^ "Air France-KLM reverse share split and share capital reduction | AIR FRANCE KLM". www.airfranceklm.com. Retrieved 8 September 2023.
- ^ "Annual Report 2010-11" (PDF). Air France–KLM. Archived from the original (PDF) on 24 May 2012. Retrieved 15 November 2011.
- ^ NPR: NPR News In Brief Archived 26 May 2008 at the Wayback Machine
- ^ "Eleven airlines fined in European cargo cartel investigation". Archived from the original on 12 November 2010. Retrieved 10 November 2010.
- ^ "Air France to cut 2,000 jobs: report". Reuters. 14 December 2011. Retrieved 15 December 2011.
- ^ "Air France-KLM gains Brazil foothold with $100 million Gol deal". Reuters. 18 February 2014. Retrieved 20 February 2014.
- ^ mrosemain, Mathieu Rosemain (5 October 2015). "Air France Workers Rip Shirts From Top Managers in Jobs Protest". Bloomberg.com. Retrieved 10 October 2016 – via www.bloomberg.com.
- ^ "Shareholding structure". AirFranceKLM Group. 30 June 2023.
- ^ "Legal Information Archived 1 August 2010 at the Wayback Machine." Air France–KLM. Retrieved on 3 February 2010.
- ^ "Plan interactif Archived 13 December 2007 at the Wayback Machine." Tremblay-en-France. Retrieved on 20 September 2009.
- ^ a b "AIR FRANCE HEAD QUARTERS – ROISSYPOLE Archived 11 July 2011 at the Wayback Machine." Groupement d'Etudes et de Méthodes d'Ordonnancement (GEMO). Retrieved on 20 September 2009.
- ^ "Roissy Charles-de-Gaulle Archived 13 October 2010 at the Wayback Machine." Tremblay-en-France. Retrieved on 20 September 2009.
- ^ "Transavia Frankrijk zo goed als Frans". upinthesky.nl. 20 February 2019. Retrieved 2 March 2019.
- ^ "Group CRIT announces the acquisition of COBALT GROUND SOLUTIONS N°3 in ground handling services at London Heathrow".
- ^ "Cygnific BV - YouTube". www.youtube.com. Retrieved 11 June 2021.
- ^ "Air Côte d'Ivoire Airline Profile". centreforaviation.com. Retrieved 11 January 2020.
- ^ a b "Air France-KLM S.A. Airline Group Profile | CAPA". centreforaviation.com. Retrieved 6 February 2023.
- ^ "KENYA AIRWAYS PLC : Shareholders Board Members Managers and Company Profile". marketscreener.com. Retrieved 11 January 2020.
- ^ "Royal Air Maroc - Gouvernance". Archived from the original on 27 June 2017. Retrieved 18 October 2018.
- ^ "SAS reaches major milestone in SAS FORWARD – announces the winning consortium, including details of the transaction structure - SAS". www.sasgroup.net. Retrieved 3 October 2023.
- ^ "Air France to conclude JOON brand in late-June 2019". Routesonline. Retrieved 11 January 2020.
External links
Media related to Air France-KLM at Wikimedia Commons