Air France-KLM SA (AFLYY) Shareholder/Analyst Call Transcript

Florence Parly

[Interpreted] Ladies and gentlemen, dear shareholders. First of all, I would like to thank you for being here today, and I would like to welcome you to this annual meeting, which is very important for us and that you’re all expecting.

This general meeting holds a very special significance for me today. This is, in fact, the first time that I have the honor of chairing it as Chair of the Board of Directors of Air France-KLM. It is a great honor, and I fully appreciate the responsibility that has been entrusted to me. I would like to once again express my gratitude to Anne-Marie Couderc for all the work that she’s accomplished during her 7 years as Chair of the group, particularly during periods of unprecedented turbulence. It’s a strong group, united and resilient, that she contributed to build, and I am committed to continuing to grow it.

The year 2025 was a remarkable year, marked by successes and landmark milestones for Air France-KLM, whose results reflect the progress achieved, thanks to the exceptional dedication of all of our teams. Our revenue increased by 4.9% compared to 2024, and our operating income reached EUR 2 billion with an operating margin of 6.1%. We achieved this performance together, thanks to all our business segments, passenger transport, cargo transport and our aircraft maintenance business.

Last year, Air France-KLM and Transavia carried more than 100 million passengers. In cargo, the Air France-KLM Martinair Cargo teams successfully met the strong demand on key routes, particularly between Asia and Europe. And in