In the second quarter 2018, the Air France-KLM Group realized an operating result of €345 million, down by €241 million compared to last year.
This decrease is mainly explained by the strikes at Air France with a negative impact of around US260 million, the fuel price increase and currency headwinds having been partly offset by higher unit revenues. Unit revenue contributed positively with €121 million and unit cost showed a negative effect of €129 million, both including strike-related effects.
The fuel bill including fuel hedging amounted to €1,184 million, up €24 million, and up €160 million at constant currency, due to the increase in the jet fuel price. The positive fuel hedge result realized in second quarter 2018 stood at €212 million.
Currencies had a negative €259 million impact on revenues compared to last year. The positive impact on costs reached €189 million, including a tailwind from currency hedging. In the second quarter 2018, the net impact of currencies thus amounted to a negative €70 million. Unit cost on track for full year guided target range of 0% to +1%.
