The Air France-KLM Group has reported a positive net income for the full year 2022. Net income amounted to €728 million for the full year 2022, an increase of €4,020 million compared to last year. Revenue for the full year 2022 was up 84.4% compared to the previous year, a record level in the Group's history, despite a difficult context. Revenue for Q4 2022 was up 47.3% compared to Q4 2021. This improvement was driven by an increase in capacity, load factor and passenger yield. The Air France-KLM Group posted a positive operating result of €1,193 million, up by €2,839 million
at a constant currency compared to last year. Full-year 2022 operating margin was 0.3 points higher than 2019 (4.2%).
In 2022, Air France-KLM welcomed 83.3 million passengers which is 86.5% above previous year. As capacity increased by 44.2% and traffic grew by 104.6%, the load factor increased by 24.8 points compared to last year. Group passenger unit revenue per ASK increased by 51.6% against a constant currency compared to last year. This increase was driven by both load factor and yield. Group unit cost per ASK at constant fuel and constant currency is down 4.5% versus last year thanks to an increase in capacity and the Group's ongoing transformation efforts. (£1.00 = €1.12 at time of publication)
