Air France-KLM Group has reported a fourth quarter net loss of (€21) million on 6.4 percent year-over-year increase in revenue to €7.9 billion. For FY 2024, the Group reported a net profit of €489 million on a revenue increase of 4.8 percent to €31.5 billion.
On Thursday (March 6, 2025), Air France-KLM Group reported their financial results for the fourth quarter and full year ending December 31, 2024. The Group reported a fourth quarter net loss of (€) 21 million on a year-over-year increase in revenue of 6.4 percent to €7.9 billion. Q4 revenue per available seat kilometer (RASK) increased 3.9 percent to 8.90 euro cents, while cost per available seat mile increased 4.0 compared to Q3 2024 to 8.32 euro cents.
For the full year 2024, the company reported a net profit of €489 million on a 4.8 percent increase in revenue compared to FY 2023 to €31.5 billion. The Group’s full year revenue per available seat mile (RASK) increased year-over-year by 0.6 percent to 8.82 euro cents, while cost per available seat kilometer (CASK) increased 3.2 percent to 8.24 euro cents. At December 31, 2024, the Group had a total of €9.4 billion in cash om hand.
In Thursday’s announcement, Air France-KLM Group’s CEO, Mr. Benjamin Smith, said,
“In the fourth quarter of 2024, Air France-KLM delivered a particularly strong finish, concluding a year shaped by both operational and external challenges. Throughout these headwinds, we remained steadfast in our commitment to offer a premium, customer-centric service and to advance our sustainability roadmap through continued fleet renewal and ambitious SAF initiatives. We also broadened our global reach by introducing new routes and reinforcing strategic partnerships, including our recent acquisition of a minority stake in SAS, which already shows promising results. As we celebrated our 20th anniversary as a Group, the Olympic Games provided a unique platform to demonstrate our operational expertise and capabilities and offered unparalleled visibility for France as a destination.
“In 2025, we will continue to deliver on our strategic roadmap and keep transformation as our number one priority. In this context, we remain confident in achieving our medium-term ambition, with a disciplined approach to capital allocation and cost efficiency. I want to thank our customers for flying with us, and our employees for their dedication and outstanding service.”
During the fourth quarter, Air France-KLM welcomed 23.5 million guests, up 5.1 percent compared to the previous year, and achieved and average load factor of 87.4 percent, up 2.1 points versus Q4 2023.
At the end of 2024, the Group’s fleet included 27 percent new generation aircraft, which will increase to 80 percent by 2030. In 2024, Air France-KLM phased in 41 new generation aircraft, while phasing out 18 legacy aircraft.
Flying Blue Miles generated €207 million in total revenue during the fourth quarter, including third party airline and non-airline partners. In 2024, Flying Blue reported a 13 percent increase in active members in 2024. In February 2025, Air France-KLM and American Express agreed to extend their global partnership until September 2033.
Source: Air France-KLM Group