Air France-Klm Ads (AFLYY) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.859 Good morning, and welcome to the Air France KLM Group's Q2 and half-year 2025 00:00:05.859 -- 00:00:07.882 results presentation. 00:00:07.882 -- 00:00:12.729 Today's conference is being recorded. At this time, I would like to turn the conference 00:00:12.729 -- 00:00:18.037 over to Benjamin Smith, CEO, and Steven Zach, CFO 00:00:18.037 -- 00:00:22.280 of Air France KLM. Please go ahead, sirs. 00:00:22.503 -- 00:00:26.862 Okay. Thank you, operator. Good morning, everyone, and thank you for joining us today. 00:00:26.862 -- 00:00:32.009 for the presentation of Air France-KLM's results for the second quarter of 2025. 00:00:32.009 -- 00:00:37.276 Today, I'm joined by Stephen Zad, Group CFO, Anne Legay, Air France CEO, 00:00:37.276 -- 00:00:42.483 and Marianne Rintel, KLM CEO. As usual, I'll begin by covering the key 00:00:42.483 -- 00:00:46.148 highlights of the quarter before handing over to Stephen, who will walk you through the 00:00:46.148 -- 00:00:50.614 financial results in more detail. I'll then close with an overview of our medium-term 00:00:50.614 -- 00:00:56.866 ambitions and conclude with remarks before opening the floor to questions. 00:00:56.866 -- 00:01:01.833 Okay, moving to slide three, Alphonse KLM delivered strong results in the second quarter 00:01:01.833 -- 00:01:06.176 of 2025 with revenue up 6.2%, 00:01:06.279 -- 00:01:11.924 and we reported an operating income of 736 million 00:01:11.926 -- 00:01:14.991 euros, which is an increase of 223 00:01:14.991 -- 00:01:20.137 million euros year over year. The operating margin stood at 8.7%, reflecting 00:01:20.137 -- 00:01:24.727 the continued impact of our strategic choices and disciplined execution. 00:01:24.727 -- 00:01:28.393 We also made further progress in strengthen...