Air France-KLM reported for the second quarter of 2008-09 that net income stood at 28 million euros versus 736 million euros the previous year, which had included proceeds of 212 million euros in respect of Amadeus. Restated for non-recurrent and non-cash items, net income stood at 244 million euros, down 49.1%. Revenues rose 3.2% to 6.69 billion euros after a negative currency effect of 3.9%, for production measured in equivalent available seat kilometers (EASK) up 4.1%. Unit revenue measured in EASK was slightly down (-0.5%) but rose 3.6% on a constant currency basis.
The main change in operating costs related to the fuel bill, which was up 422 million euros to 1.61 billion euros against 1.19 billion euros at 30th September 2007, a rise of 35.3% under the combined effect of a 1.0% rise in volumes, a 46.0% increase in fuel prices after hedging, and a favorable currency effect of 12.0%.