Business description: Air France-KLM

Air France-KLM is one of the world's leading airline companies. Net sales break down by activity as follows:

- passenger and freight transportation (82,5%): 76.7 million people and 0.9 Mt of merchandise transported in 2025;

- low-cost passenger transportation (10.4%; Transavia): 26.1 million people transported;

- maintenance services (7%);

- other (0.1%).

At the end of 2025, the group had a fleet of 596 aircraft (including 289 owned and 307 leased) divided between the domestic fleets of Air France (268), KLM (188) and Transavia (140).

Number of employees: 79,755

Sales by Activity: Air France-KLM

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Network

1.23TCr 2.28TCr 2.57TCr 2.63TCr 2.72TCr

Transavia

101.2Cr 221.9Cr 264Cr 307.2Cr 345.2Cr

Other

17Cr 22Cr 26Cr 29Cr 30Cr

Maintenance

280.1Cr 358.6Cr 424.2Cr 508.5Cr 557Cr

Consolidation Adjustments

-194.4Cr -243.6Cr -278.9Cr -328.6Cr -356.2Cr

Geographical breakdown of sales: Air France-KLM

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Europe (Excl. France) North Africa

- - - 869.5Cr 923.2Cr

North America, Mexico, French Polynesia

- - - - 664.4Cr

Asia and New Caledonia

- - - 393.1Cr 411.6Cr

Africa (Excl. North Africa) Middle East

- - - 344.2Cr 348.7Cr

South America, Excl. Mexico

- - - 260.2Cr 276.3Cr

Caribbean, French Guyana, Indian Ocean

- - - 188.5Cr 192.7Cr

France

- - - 145.9Cr 145Cr

North America, Mexico

- - - 625.6Cr -

Rest of World

470.4Cr 847.1Cr 1.03TCr - -

Europe (Excl. France and Benelux)

294.5Cr 522.3Cr 555.6Cr - -

Benelux, Including Dutch Caribbean & Surinam

227.2Cr 443.3Cr 514.6Cr - -

France, Including French Overseas Departments

439.4Cr 826.4Cr 901.3Cr - -

Executive Committee: Air France-KLM

Manager TitleAgeSince
Chief Executive Officer 54 16/08/2018
Director of Finance/CFO 56 01/07/2021
Chief Operating Officer 50 01/10/2025
Investor Relations Contact - -
Corporate Secretary 51 01/04/2026

Composition of the Board of Directors: Air France-KLM

Director TitleAgeSince
Chairman 63 04/06/2025
Director/Board Member 65 19/05/2016
Director/Board Member 62 16/05/2017
Director/Board Member 74 02/11/2017
Director/Board Member 54 01/12/2018
Director/Board Member 72 26/05/2020
Director/Board Member 64 -
Director/Board Member 46 01/05/2021
Director/Board Member 43 03/12/2021
Director/Board Member 62 -

Shareholders: Air France-KLM

NameStocks%Valuation
Government of France
27.98 %
7,35,20,630 27.98 % 1 007 M €
Government of the Netherlands
9.133 %
2,40,00,000 9.133 % 329 M €
CMA CGM SA
8.804 %
2,31,34,825 8.804 % 317 M €
4.576 %
1,20,23,544 4.576 % 165 M €
Air France Klm Employee Stock Ownership Plan
2.967 %
77,97,528 2.967 % 107 M €
NameStocks%Valuation
Donald Smith & Co., Inc.
1.744 %
45,81,427 1.744 % 6 M €
AzValor Asset Management SGIIC SA
0.003323 %
8,733 0.003323 % 11 955 €
RhumbLine Advisers LP
0.000001 %
2 0.000001 % 3 €

Holdings: Air France-KLM

NameStocks%Valuation
3,07,08,70865.6% 67 M $
45,16,61,4707.95% 20 M $
1,48,2040.06% 2 M $

Company details: Air France-KLM

Air France-KLM SA

7 Rue du Cirque

75008, Paris

+33 1 43 17 20 20

http://www.airfranceklm.com
address Air France-KLM(AF)

Group companies: Air France-KLM

NameCategory and Sector
Property/Casualty Insurance
Property/Casualty Insurance
Airlines
Airlines
KLM Luchtvaartschool BV

Other Airlines

Change 5-day change 1-year change 3-year change Capi.($)
+0.33%+10.61%+48.44%-31.48% 373.56Cr
-1.11%+2.43%+68.10%+94.30% 5.49TCr
-1.22%+8.10%+50.93%+121.51% 3.89TCr
+0.81%+8.68%+9.83%+52.91% 3.15TCr
+1.27%+10.73%+38.77%+173.61% 2.69TCr
-0.83%+6.66%-10.08%+99.22% 2TCr
+0.14%+3.88%+4.94%-5.87% 1.76TCr
-0.45%+8.31%+36.59%+238.26% 1.59TCr
-0.85%+8.12%-16.93%-20.61% 1.51TCr
-1.28%+5.48%-6.91%-13.34% 1.32TCr
Average -0.10%+9.58%+22.37%+70.85% 2.38TCr
Weighted average by Cap. +0.10%+8.81%+31.04%+89.61%
Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
12.30EUR
Average target price
10.86EUR
Spread / Average Target
-11.71%

Quarterly revenue - Rate of surprise

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