Air France-Klm Ads (AFLYY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Air France KLM full year 2025 results presentation. Today's conference is being recorded. During the presentation, participants will be on listen mode only, and analysts will be able to ask questions by dialing hashtag 5 on their telephone keypad after this presentation. At this time, I would like to turn the conference over to Benjamin Smith, CEO, and Stephen Zott, CFO. Please go ahead, sirs. Okay. Thank you very much for that. for your introduction, operator. So, good morning, everyone, and thank you for joining us for the presentation of Air France-KLM's four-year 2025 results. I'm joined today by Stephen Zat, Group CFO, Emily Guy, CEO of Air France, and Marianne Rintel, President and CEO of KLM, whose mandate has just been renewed for another four years. Congratulations to Marianne. I'll start with the key highlights from the year, followed by Stephen. who will walk you through our financial performance and outlook for 2026. I'll then wrap up with closing remarks on our 2028 ambitions before opening the floor for Q&A. Okay, moving on to slide three. Let me begin by recalling that we are executing our strategy in a consistent and disciplined manner across all the pillars of our strategy, and this execution is translating into tangible and encouraging results. We are reinforcing our market position, notably through the proposed increase of our stake in Scandinavian airline system, strengthening our footprint in the Nordics and enhancing connectivity to key North American and Asian markets. We continue to improve profitability, with our operating margin reaching 6.1%, reflecting stronger revenue generation and rigorous cost control. Customer satisfaction and brand value remain strong, as reflected by multiple international distinction...