Air France-Klm Ads (AFLYY) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.418 Good morning and welcome to the Air France KLM third quarter 2025 00:00:05.418 -- 00:00:07.981 results presentation. 00:00:07.981 -- 00:00:12.907 Today's conference is being recorded. At this time, I would like to turn the conference 00:00:12.907 -- 00:00:17.854 over to Benjamin Smith, CEO, and Stephen Zat, CFO. 00:00:17.854 -- 00:00:20.435 Please go ahead, sirs. 00:00:20.838 -- 00:00:25.704 Okay, thank you. Good morning, everyone, and thank you for joining us today for the presentation 00:00:25.704 -- 00:00:29.427 of Air France KLM's third quarter results presentation. 00:00:29.427 -- 00:00:33.572 As usual, I'll start by sharing the key highlights of the quarter, and then I'll hand 00:00:33.572 -- 00:00:38.258 it over to our CFO, Stephen Zott, who will walk you through the financial results in 00:00:38.258 -- 00:00:43.044 more detail. I'll return at the end with a few concluding remarks before we open the 00:00:43.044 -- 00:00:48.130 floor for any questions you might have. This quarter, once again, demonstrates the resilience 00:00:48.130 -- 00:00:50.674 of our business model in a challenging environment. 00:00:50.674 -- 00:00:57.540 In the third quarter, Afron's KLM delivered a stable operating margin of 13.1%. 00:00:57.727 -- 00:01:02.472 with revenues increasing by 3% year-over-year to €9.2 00:01:02.472 -- 00:01:07.698 billion, supported by a 5% increase in passenger traffic, which reached 00:01:07.698 -- 00:01:09.580 29.2 00:01:09.580 -- 00:01:11.802 million passengers. 00:01:11.802 -- 00:01:15.506 Passenger network unit revenue was up 0.5% 00:01:15.506 -- 00:01:20.671 at constant currency, driven by continued strong demand for premium cabins, 00:01:20.671 -- 00:01:25.376 which I will elaborate on later. Meanwhile, our mainten...