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Air France - KLM May Load Factor Rises, Capacity And Traffic Slide - Update

6/7/2012 3:29 AM ET

Air France - KLM (AFRAF.PK) on Thursday reported a rise in load factor for the month of May, while capacity and traffic slid from last year.

Traffic, in terms of revenue pax-kilometers, slipped 0.2 percent to 18.12 billion while capacity, measured in available seat-kilometers, fell 1.4 percent to 22.44 billion. Load factor was 80.8 percent, compared to 79.8 percent in last May.

The airline carried 6.55 million passengers in May, down 0.8 percent from last year. Last year's passenger data has been restated to include the passenger business of Martinair.

The month of May saw four additional public holidays in France, compared to last year, which weighed on the leisure/business mix. As a result, unit revenue per available seat kilometer or RASK ex-currency was stable compared with last year, the airline noted.

The European network saw a rise in traffic of 2.6 percent and a capacity increase of 3.2 percent. The load factor, however, slid 0.4 points. On the Americas network, traffic and capacity declined while load factor rose slightly.

The Asia network saw a 4.3 percent increase in traffic and a capacity rise of 3.4 percent. The load factor improved by 0.7 points. The region was affected in 2011 by the impact of the Japanese tsunami.

The cargo business witnessed an 8.8 percent drop in traffic for capacity reduced by 3.9 percent. The load factor declined by 3.4 points to 64.3 percent.

The stock is currently up 0.74 percent in Paris at 3.40 euros on 168,059 shares.

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by RTT Staff Writer

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