In a context of continuous improvement of its finances and following the publication of its third quarter financial results last week, Air France-KLM announced that it has reached an agreement with the French state and the nine banks that participated in the rescue package put in place at the beginning of the pandemic, to make early payments of two tranches totaling €1 billion.
800 million correspond to the payment of a tranche maturing on May 6, 2023, and €200 million of another tranche maturing on May 6, 2024.
In December 2021, as Air France-KLM explained in a statement, they had already made an advance payment of €500 million, so after today’s announcement the debt with the package backed by the French state was reduced to €2.5 billion, of which €1.15 billion matures in May 2024 and €1.35 billion in May 2025.
In June this year KLM Royal Dutch Airlines had completed repayment of the last part of the loan it had agreed with the Dutch state and private banks in 2020. Of a €3.5 billion credit facility available to it, it had drawn down €942 million.
During the third quarter of 2021 Air France-KLM recorded revenues of €8.1 billion, €503 million more than in 2019. Its operating income was €1,024 million, with an operating margin of 12.6% (+0.6 pp versus 2019) and net income of €460 million.
Its total capacity reached 89% of the total for the same period in 2019 between July and September, with more than 25 million passengers carried and an average load factor of 88%.
