Air France-Klm Ads (AFLYY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Air France KLM Half Year twenty twenty six Results Presentation. Today's conference is being recorded. During the presentation, participants will be on listen mode only. At the end of the presentation, analysts will be able to ask questions by dialing pound key 5 on their telephone keypad. At this time, I would like to turn the conference over to Benjamin Smith, CEO and Steven Zott, CFO. Please go ahead, sirs. Thank you. Good morning, everyone, and thank you for joining us for Air France KLM's Second Quarter twenty twenty six Results Presentation. As usual, I'll begin with the strategic and operational highlights of the quarter before handing over to Stephen Zott, our CFO, who will walk you through our financial performance in detail. I will then return to take your questions together with Stephen Andre Guy, Air France CEO and Marianne Rintel, KLM CEO. As the entire industry, Air France KLM continued to operate in a highly volatile environment this quarter, yet we delivered a strong commercial performance. Good revenues increased group revenues increased by nearly 10% to €9,300,000,000 supported by growth across all our businesses. Passenger demand remained robust with more than 28,000,000 customers traveling on our network during the quarter. As anticipated during our last quarterly update, higher fuel prices weighed on Q2 profitability. Our adjusted operating profit reached €484,000,000 representing an operating margin of 5.2%. At the same time, we continue to strengthen our financial position. Recurring adjusted operating free cash flow reached €920,000,000 for the first half of the year, while our cash at hand rose to more than €10,000,000,000 Fleet renewal remains a central priority to improve our financial and environmental perfo...