The following is a summary of the Air France-KLM SA (AFRAF) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Air France-KLM saw double-digit revenue growth, reaching €30 billion, reflected from the impressive load factor, restoration of capacity, and high yields.

• The company reported an operating profit of €1.7 billion, showing a 44% increase from 2022, and a net profit of €900 million.

• Its net debt-to-EBITDA ratio improved to 1.2x and returned to positive equity.

• Despite a 37% decrease in Cargo versus 2022, Cargo yield was 40% above 2019 levels.

Business Progress:

• Increased customer intake is evident, adding 10 million more customers compared to the previous year.

• Ongoing fleet renewal witnessed new aircraft additions and a 50 Airbus A350 order for Air France and KLM.

• The company maintained its global leadership in Sustainable Aviation Fuel (SAF) usage and increased intermodal connection opportunities.

• Plans for 2024 include capacity increase in strategic routes like North America and further revenue generation and margin expansion.

• Aircraft replacement strategies favor A350-900s or A350-1000s for a larger seating capacity.

More details: AIR FRANCE-KLM IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.