Air France-KLM Full Year 2016 Results

Air France-KLM reported strong full-year 2016 results with operating income of €1,049m, up €558m on a like-for-like basis, and net result of €792m. The airline carried 93.4 million passengers with a 4% increase and improved main financial KPIs including a 1.0% reduction in unit costs and free cash flow of €693m. Despite terrorist attacks in Europe impacting local flows to France, the company achieved its fifth consecutive year of improvement in both P&L and debt ratio, with adjusted net debt/EBITDAR at 2.9x.