Air France-KLM SA (OTCPK:AFRAF) Q1 2025 Earnings Conference Call April 30, 2025 3:30 AM ET
Company Participants
Ben Smith – Chief Executive Officer
Steven Zaat – Chief Financial Officer
Conference Call Participants
Jarrod Castle – UBS
Jaime Rowbotham – Deutsche Bank
Harry Gowers – JPMorgan
Andrew Lobbenberg – Barclays
Antonio Duarte – Goodbody
Operator
Good morning, and welcome to the Air France-KLM First Quarter 2025 Results Presentation. Today’s conference is being recorded. At this time, I would like to turn the conference over to Ben Smith, CEO and Steven Zaat, CFO. Please go ahead, sir’s.
Ben Smith
Okay. Thank you, operator. Good morning, everyone and thank you for joining us today for the presentation of Air France-KLM’s results for the first quarter of 2025. Today, I’m joined by Steven Zaat, our Group CFO. I will start by covering the key highlights of the quarter before I hand it over to Steven, who will walk you through the detailed financial results. And then I’ll close with an overview of our medium-term ambitions, before opening the floor to your questions.
So moving to Slide 3. So we’re very proud to report that the group delivered an improved performance this quarter, once again demonstrating the resilience and strength of our business model. Revenues were up 8% year-over-year, driven by a solid performance across all our activities including maintenance. Our operating result improved by €161 million reaching a negative €328 million, a significant step forward compared to the same period last year supported by strong unit revenue, development a more favorable fuel price environment and an overall improvement in operational performance. I got to apologies for perhaps some background noise the building next door is under heavy travel work, so hopefully you can hear us clearly.
Our net debt-to-EBITDA ratio now stands at 1.6
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