An Error Occurred:

Exception while calling encodeEnd on : {Component-Path : [Class: org.ajax4jsf.component.AjaxViewRoot,ViewId: /releaseDetails.xhtml][Class: org.apache.myfaces.custom.document.Document,Id: _id1][Class: org.apache.myfaces.custom.document.DocumentBody,Id: _id16][Class: javax.faces.component.html.HtmlPanelGroup,Id: temp_base_main]}

Caused by:
java.util.ConcurrentModificationException - Bean: no.hugin.hol.web.action.I18nUiAction, property: uiLanguages

+ Stack Trace

javax.faces.FacesException: Exception while calling encodeEnd on : {Component-Path : [Class: org.ajax4jsf.component.AjaxViewRoot,ViewId: /releaseDetails.xhtml][Class: org.apache.myfaces.custom.document.Document,Id: _id1][Class: org.apache.myfaces.custom.document.DocumentBody,Id: _id16][Class: javax.faces.component.html.HtmlPanelGroup,Id: temp_base_main]}
	at javax.faces.component.UIComponentBase.encodeEnd(UIComponentBase.java:802)
	at com.sun.facelets.tag.jsf.ComponentSupport.encodeRecursive(ComponentSupport.java:252)
	at com.sun.facelets.tag.jsf.ComponentSupport.encodeRecursive(ComponentSupport.java:249)
	at com.sun.facelets.tag.jsf.ComponentSupport.encodeRecursive(ComponentSupport.java:249)
	at com.sun.facelets.tag.jsf.ComponentSupport.encodeRecursive(ComponentSupport.java:249)
	at com.sun.facelets.FaceletViewHandler.renderView(FaceletViewHandler.java:594)
	at org.ajax4jsf.application.ViewHandlerWrapper.renderView(ViewHandlerWrapper.java:108)
	at org.ajax4jsf.application.AjaxViewHandler.renderView(AjaxViewHandler.java:216)
	at org.apache.myfaces.lifecycle.RenderResponseExecutor.execute(RenderResponseExecutor.java:41)
	at org.apache.myfaces.lifecycle.LifecycleImpl.render(LifecycleImpl.java:146)
	at javax.faces.webapp.FacesServlet.service(FacesServlet.java:147)
	at weblogic.servlet.internal.StubSecurityHelper$ServletServiceAction.run(StubSecurityHelper.java:280)
	at weblogic.servlet.internal.StubSecurityHelper$ServletServiceAction.run(StubSecurityHelper.java:254)
	at weblogic.servlet.internal.StubSecurityHelper.invokeServlet(StubSecurityHelper.java:136)
	at weblogic.servlet.internal.ServletStubImpl.execute(ServletStubImpl.java:346)
	at weblogic.servlet.internal.TailFilter.doFilter(TailFilter.java:25)
	at weblogic.servlet.internal.FilterChainImpl.doFilter(FilterChainImpl.java:79)
	at org.ajax4jsf.webapp.BaseXMLFilter.doXmlFilter(BaseXMLFilter.java:141)
	at org.ajax4jsf.webapp.BaseFilter.doFilter(BaseFilter.java:281)
	at weblogic.servlet.internal.FilterChainImpl.doFilter(FilterChainImpl.java:79)
	at weblogic.servlet.internal.RequestDispatcherImpl.invokeServlet(RequestDispatcherImpl.java:618)
	at weblogic.servlet.internal.RequestDispatcherImpl.forward(RequestDispatcherImpl.java:278)
	at no.hugin.hol.web.ReleaseUrlFilter.doFilter(ReleaseUrlFilter.java:36)
	at weblogic.servlet.internal.FilterChainImpl.doFilter(FilterChainImpl.java:79)
	at no.hugin.hol.web.DomainBasedRedirectingFilter.process(DomainBasedRedirectingFilter.java:69)
	at no.hugin.hol.web.DomainBasedRedirectingFilter.redirectIfNeeded(DomainBasedRedirectingFilter.java:63)
	at no.hugin.hol.web.DomainBasedRedirectingFilter.doFilter(DomainBasedRedirectingFilter.java:37)
	at org.springframework.web.filter.DelegatingFilterProxy.invokeDelegate(DelegatingFilterProxy.java:237)
	at org.springframework.web.filter.DelegatingFilterProxy.doFilter(DelegatingFilterProxy.java:167)
	at weblogic.servlet.internal.FilterChainImpl.doFilter(FilterChainImpl.java:79)
	at weblogic.servlet.internal.WebAppServletContext$ServletInvocationAction.wrapRun(WebAppServletContext.java:3451)
	at weblogic.servlet.internal.WebAppServletContext$ServletInvocationAction.run(WebAppServletContext.java:3417)
	at weblogic.security.acl.internal.AuthenticatedSubject.doAs(AuthenticatedSubject.java:321)
	at weblogic.security.service.SecurityManager.runAs(SecurityManager.java:120)
	at weblogic.servlet.provider.WlsSubjectHandle.run(WlsSubjectHandle.java:57)
	at weblogic.servlet.internal.WebAppServletContext.doSecuredExecute(WebAppServletContext.java:2280)
	at weblogic.servlet.internal.WebAppServletContext.securedExecute(WebAppServletContext.java:2196)
	at weblogic.servlet.internal.WebAppServletContext.execute(WebAppServletContext.java:2174)
	at weblogic.servlet.internal.ServletRequestImpl.run(ServletRequestImpl.java:1632)
	at weblogic.servlet.provider.ContainerSupportProviderImpl$WlsRequestExecutor.run(ContainerSupportProviderImpl.java:256)
	at weblogic.work.ExecuteThread.execute(ExecuteThread.java:311)
	at weblogic.work.ExecuteThread.run(ExecuteThread.java:263)
Caused by: javax.faces.FacesException: Exception while calling encodeBegin on : {Component-Path : [Class: org.ajax4jsf.component.AjaxViewRoot,ViewId: /releaseDetails.xhtml][Class: org.apache.myfaces.custom.document.Document,Id: _id1][Class: org.apache.myfaces.custom.document.DocumentBody,Id: _id16][Class: javax.faces.component.html.HtmlPanelGroup,Id: temp_base_main][Class: org.ajax4jsf.component.html.AjaxForm,Id: _id76][Class: org.ajax4jsf.component.html.HtmlAjaxCommandLink,Id: _id92]}
	at javax.faces.component.UIComponentBase.encodeBegin(UIComponentBase.java:752)
	at org.apache.myfaces.shared_impl.renderkit.RendererUtils.renderChild(RendererUtils.java:424)
	at org.apache.myfaces.shared_impl.renderkit.RendererUtils.renderChildren(RendererUtils.java:412)
	at org.apache.myfaces.shared_impl.renderkit.RendererUtils.renderChild(RendererUtils.java:429)
	at org.apache.myfaces.shared_impl.renderkit.RendererUtils.renderChildren(RendererUtils.java:412)
	at org.apache.myfaces.shared_impl.renderkit.html.HtmlGroupRendererBase.encodeEnd(HtmlGroupRendererBase.java:78)
	at javax.faces.component.UIComponentBase.encodeEnd(UIComponentBase.java:799)
	... 41 more
Caused by: javax.faces.el.EvaluationException: /views/headerNavigation.xhtml @137,104 value="#{i18nUiAction.uiLanguages}": Exception getting value of property uiLanguages of base of type : no.hugin.hol.web.action.I18nUiAction
	at com.sun.facelets.el.LegacyValueBinding.getValue(LegacyValueBinding.java:60)
	at javax.faces.component.UIData.getValue(UIData.java:1095)
	at org.ajax4jsf.component.UIDataAdaptor.getValue(UIDataAdaptor.java:1459)
	at org.ajax4jsf.component.SequenceDataAdaptor.getDataModel(SequenceDataAdaptor.java:70)
	at org.ajax4jsf.component.SequenceDataAdaptor.createDataModel(SequenceDataAdaptor.java:64)
	at org.ajax4jsf.component.UIDataAdaptor.getExtendedDataModel(UIDataAdaptor.java:592)
	at org.ajax4jsf.component.UIDataAdaptor.getRowIndex(UIDataAdaptor.java:299)
	at javax.faces.component.UIComponentBase.idsAreEqual(UIComponentBase.java:603)
	at javax.faces.component.UIComponentBase.findComponentNormal(UIComponentBase.java:575)
	at javax.faces.component.UIComponentBase.findComponent(UIComponentBase.java:535)
	at javax.faces.component.UIComponentBase.findComponent(UIComponentBase.java:451)
	at org.ajax4jsf.renderkit.RendererUtils.findUIComponentBelow(RendererUtils.java:856)
	at org.ajax4jsf.renderkit.RendererUtils.findUIComponentBelow(RendererUtils.java:863)
	at org.ajax4jsf.renderkit.RendererUtils.findUIComponentBelow(RendererUtils.java:863)
	at org.ajax4jsf.renderkit.RendererUtils.findUIComponentBelow(RendererUtils.java:863)
	at org.ajax4jsf.renderkit.RendererUtils.findComponentFor(RendererUtils.java:845)
	at org.ajax4jsf.renderkit.AjaxRendererUtils.getAjaxStatus(AjaxRendererUtils.java:545)
	at org.ajax4jsf.renderkit.AjaxRendererUtils.buildEventOptions(AjaxRendererUtils.java:322)
	at org.ajax4jsf.renderkit.AjaxRendererUtils.buildOnEvent(AjaxRendererUtils.java:180)
	at org.ajax4jsf.renderkit.AjaxRendererUtils.buildOnClick(AjaxRendererUtils.java:140)
	at org.ajax4jsf.renderkit.AjaxCommandRendererBase.getOnClick(AjaxCommandRendererBase.java:63)
	at org.ajax4jsf.renderkit.html.CommandLinkRenderer.doEncodeBegin(CommandLinkRenderer.java:98)
	at org.ajax4jsf.renderkit.html.CommandLinkRenderer.doEncodeBegin(CommandLinkRenderer.java:88)
	at org.ajax4jsf.renderkit.RendererBase.encodeBegin(RendererBase.java:101)
	at javax.faces.component.UIComponentBase.encodeBegin(UIComponentBase.java:749)
	... 47 more
Caused by: javax.faces.el.EvaluationException: Bean: no.hugin.hol.web.action.I18nUiAction, property: uiLanguages
	at org.apache.myfaces.el.PropertyResolverImpl.getProperty(PropertyResolverImpl.java:463)
	at org.apache.myfaces.el.PropertyResolverImpl.getValue(PropertyResolverImpl.java:85)
	at com.sun.facelets.el.LegacyELContext$LegacyELResolver.getValue(LegacyELContext.java:141)
	at com.sun.el.parser.AstValue.getValue(Unknown Source)
	at com.sun.el.ValueExpressionImpl.getValue(Unknown Source)
	at com.sun.facelets.el.TagValueExpression.getValue(TagValueExpression.java:71)
	at com.sun.facelets.el.LegacyValueBinding.getValue(LegacyValueBinding.java:56)
	... 71 more
Caused by: java.lang.reflect.InvocationTargetException
	at sun.reflect.GeneratedMethodAccessor558.invoke(Unknown Source)
	at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
	at java.lang.reflect.Method.invoke(Method.java:483)
	at org.apache.myfaces.el.PropertyResolverImpl.getProperty(PropertyResolverImpl.java:459)
	... 77 more
Caused by: java.util.ConcurrentModificationException
	at java.util.ArrayList.sort(ArrayList.java:1456)
	at java.util.Collections.sort(Collections.java:175)
	at no.hugin.hol.web.util.LocalizationUtil.addAndSortI18NlanguageListNames(LocalizationUtil.java:18)
	at no.hugin.hol.web.action.I18nUiAction.getUiLanguages(I18nUiAction.java:51)
	... 81 more

+ Component Tree

<AjaxViewRoot id="_viewRoot" immediate="false" locale="en" renderKitId="HTML_BASIC" renderRegionOnly="false" rendered="true" selfRendered="false" submitted="false" transient="false" viewId="/releaseDetails.xhtml">
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" >
<Document id="_id1" rendered="true" transient="false">
<DocumentHead id="_id2" rendered="true" transient="false">
<meta http-equiv="content-type" content="charset=UTF-8"/>
<HtmlOutputText escape="true" id="_id4" rendered="true" transient="false" value="#{i18nUiAction.localeSet}="/>
<AjaxLoadBundle basename="no.hugin.hol.common.resource.bundle.MessageBundle" id="bundle" rendered="true" transient="false" var="bundle"/>
<meta http-equiv="content-language" content="#{releaseAction.releaseInfo.language.code}"/>
<meta name="title" content="#{companyAction.companyInfo.firmName}"/> <meta name="description" content="#{releaseAction.releaseInfo.heading}"/> <meta name="keywords" content="#{companyAction.companyInfo.firmName},#{releaseAction.releaseInfo.heading}#{releaseAction.releaseInfo.tagsString}"/> <meta name="og:title" content="#{releaseAction.releaseInfo.heading}"/> <meta name="og:description" content="#{releaseAction.releaseInfo.description}"/> <meta name="og:image" content="images/white1-1.jpg"/>
<title>
<HtmlOutputText escape="true" id="_id8" rendered="true" transient="false" value="#{bundle.hugin_title}=GlobeNewswire"/>
<HtmlPanelGroup id="_id9" rendered="#{not empty releaseAction.releaseInfo.heading}=true" transient="false">
<HtmlOutputText escape="true" id="_id10" rendered="true" transient="false" value=": #{releaseAction.releaseInfo.heading}=: AIR FRANCE - KLM : RESULTS THIRD QUARTER 2018"/>
</HtmlPanelGroup>
</title>
<HtmlLoadStyle id="_id12" rendered="true" src="/css/screen.css" transient="false"/>
<HtmlLoadScript id="_id13" rendered="true" src="/js/sorttable/sorttable.js" transient="false"/>
<HtmlLoadScript id="_id14" rendered="true" src="/js/HolUtils.js" transient="false"/>
<meta content="#{commonAction.interval}" http-equiv="refresh"/> <!--[if IE]><link href="css/ie.css" rel="stylesheet" type="text/css" media="screen" /><![endif]--> <!--[if IE 6]><script type="text/javascript" src="js/hover.js"></script><![endif]-->
</DocumentHead>
<DocumentBody id="_id16" rendered="true" transient="false">
<!--the mailing form-->
<HtmlModalPanel autosized="false" controlsClass="" headerClass="" height="265" id="mailDialog" immediate="false" keepVisualState="false" left="auto" localValueSet="false" minHeight="-1" minWidth="-1" moveable="true" onhide="" onmaskclick="" onmaskcontextmenu="" onmaskdblclick="" onmaskmousedown="" onmaskmousemove="" onmaskmouseout="" onmaskmouseover="" onmaskmouseup="" onshow="" rendered="true" required="false" resizeable="false" showWhenRendered="false" top="auto" transient="false" tridentIVEngineSelectBehavior="disable" valid="true" width="370" zindex="100">
controls
<HtmlPanelGroup id="_id20" rendered="true" transient="false">
<HtmlOutputText escape="true" id="closeMailLink" rendered="true" transient="false" value="X"/>
<HtmlComponentControl attachTiming="immediate" attachTo="closeMailLink" disableDefault="false" event="onclick" for="mailDialog" id="_id21" name="" operation="hide" params="" rendered="true" transient="false"/>
</HtmlPanelGroup>
header
<HtmlPanelGroup id="_id18" rendered="true" transient="false">
<HtmlOutputText escape="true" id="_id19" rendered="true" transient="false" value="#{bundle['mail_dialog.mail_document.title']}=Mail document"/>
</HtmlPanelGroup>
<AjaxForm ajaxSingle="false" ajaxSubmit="false" bypassUpdates="false" id="mailForm" ignoreDupResponses="false" limitToList="false" rendered="true" requestDelay="-2147483648" submitted="false" timeout="-2147483648" transient="false">
<div class="form"> <div class="row"> <label>
<HtmlOutputText escape="true" id="_id23" rendered="true" transient="false" value="#{bundle['mail_dialog.email.label']}=E-mail"/>
</label>
<HtmlInputText disabled="false" disabledOnClientSide="false" displayValueOnly="false" id="mail_recipient" immediate="false" localValueSet="false" maxlength="-2147483648" readonly="false" rendered="true" required="true" size="30" transient="false" valid="true" validator="#{mailAction.validateMail}"/>
<HtmlAjaxOutputPanel ajaxRendered="true" id="_id25" keepTransient="true" layout="inline" rendered="true" styleClass="valid-message" transient="false">
<span>
<HtmlMessage for="mail_recipient" id="error" rendered="true" showDetail="true" showSummary="false" tooltip="false" transient="false"/>
</span>
</HtmlAjaxOutputPanel>
</div> <div class="row"> <label>
<HtmlOutputText escape="true" id="_id29" rendered="true" transient="false" value="#{bundle['mail_dialog.sender.label']}=Sender name "/>
</label>
<HtmlInputText disabled="false" disabledOnClientSide="false" displayValueOnly="false" id="mail_sender" immediate="false" localValueSet="false" maxlength="-2147483648" readonly="false" rendered="true" required="false" size="30" transient="false" valid="true"/>
</div> <div class="row"> <label class="atop">
<HtmlOutputText escape="true" id="_id32" rendered="true" transient="false" value="#{bundle['mail_dialog.comments.label']}=Comments"/>
</label>
<HtmlInputTextarea cols="26" disabled="false" displayValueOnly="false" id="mail_comments" immediate="false" localValueSet="false" readonly="false" rendered="true" required="false" rows="4" transient="false" valid="true"/>
</div> <div class="row final">
<HtmlAjaxCommandButton action="#{mailAction.mail}" ajaxSingle="false" bypassUpdates="false" disabled="false" id="sendButton" ignoreDupResponses="false" immediate="false" limitToList="false" oncomplete="windowclose();" rendered="true" requestDelay="-2147483648" size="-2147483648" timeout="-2147483648" transient="false" value="#{bundle['mail_dialog.send.label']}=Send"/>
<HtmlAjaxCommandButton ajaxSingle="false" bypassUpdates="false" disabled="false" id="cancelButton" ignoreDupResponses="false" immediate="false" limitToList="false" onclick="return false;" rendered="true" requestDelay="-2147483648" size="-2147483648" styleClass="action" timeout="-2147483648" transient="false" value="#{bundle['mail_dialog.cancel.label']}=Cancel"/>
<HtmlComponentControl attachTiming="immediate" attachTo="cancelButton" disableDefault="false" event="onclick" for="mailDialog" id="_id35" name="" operation="hide" params="" rendered="true" transient="false"/>
</div> </div>
</AjaxForm>
</HtmlModalPanel>
<!--the mail result message box-->
<HtmlModalPanel autosized="false" controlsClass="" headerClass="" height="-1" id="mailResultDialog" immediate="false" keepVisualState="false" left="auto" localValueSet="false" minHeight="-1" minWidth="-1" moveable="true" onhide="" onmaskclick="" onmaskcontextmenu="" onmaskdblclick="" onmaskmousedown="" onmaskmousemove="" onmaskmouseout="" onmaskmouseover="" onmaskmouseup="" onshow="" rendered="true" required="false" resizeable="false" showWhenRendered="false" top="auto" transient="false" tridentIVEngineSelectBehavior="disable" valid="true" width="-1" zindex="100">
controls
<HtmlPanelGroup id="_id40" rendered="true" transient="false">
<HtmlOutputText escape="true" id="closeMailResultLink" rendered="true" transient="false" value="X"/>
<HtmlComponentControl attachTiming="immediate" attachTo="closeMailResultLink" disableDefault="false" event="onclick" for="mailResultDialog" id="_id41" name="" operation="hide" params="" rendered="true" transient="false"/>
</HtmlPanelGroup>
header
<HtmlPanelGroup id="_id38" rendered="true" transient="false">
<HtmlOutputText escape="true" id="_id39" rendered="true" transient="false" value="#{bundle['mail_dialog.mail_document.title']}=Mail document"/>
</HtmlPanelGroup>
<div class="form"> <div class="row">
<HtmlAjaxOutputPanel ajaxRendered="true" id="_id43" keepTransient="true" layout="inline" rendered="true" transient="false">
<p>
<HtmlOutputText escape="true" id="_id45" rendered="true" transient="false"/>
</p> <p>
<HtmlOutputText escape="true" id="_id47" rendered="true" transient="false"/>
</p>
</HtmlAjaxOutputPanel>
</div> <div class="row final">
<HtmlAjaxCommandButton ajaxSingle="false" bypassUpdates="false" disabled="false" id="closeButton" ignoreDupResponses="false" immediate="false" limitToList="false" onclick="return false;" rendered="true" requestDelay="-2147483648" size="-2147483648" timeout="-2147483648" transient="false" value="#{bundle['mail_dialog.ok.label']}=OK"/>
<HtmlComponentControl attachTiming="immediate" attachTo="closeButton" disableDefault="false" event="onclick" for="mailResultDialog" id="_id50" name="" operation="hide" params="" rendered="true" transient="false"/>
</div> </div>
</HtmlModalPanel>
<script type="text/javascript"> function windowclose(){ if (document.getElementById('mailForm:error')==null){ Richfaces.hideModalPanel('mailDialog'); Richfaces.showModalPanel('mailResultDialog'); }; }; function resetForm(elemId) { var elem = HolUtils.getRefToElemId(elemId); if(!elem) return; if(elem.value) { elem.value = ""; } return false; } function resetMailForm() { resetForm('mail_recipient'); resetForm('mail_sender'); resetForm('mail_comments'); } </script>
<HtmlModalPanel autosized="false" controlsClass="" headerClass="" height="610" id="disclaimerDialog" immediate="false" keepVisualState="false" left="auto" localValueSet="false" minHeight="-1" minWidth="-1" moveable="true" onhide="" onmaskclick="" onmaskcontextmenu="" onmaskdblclick="" onmaskmousedown="" onmaskmousemove="" onmaskmouseout="" onmaskmouseover="" onmaskmouseup="" onshow="" rendered="true" required="false" resizeable="false" showWhenRendered="false" top="100" transient="false" tridentIVEngineSelectBehavior="disable" valid="true" width="530" zindex="100">
controls
<HtmlPanelGroup id="_id54" rendered="true" transient="false">
<HtmlOutputText escape="true" id="disclaimerCloseLink" rendered="true" transient="false" value="X"/>
<HtmlComponentControl attachTiming="immediate" attachTo="disclaimerCloseLink" disableDefault="false" event="onclick" for="disclaimerDialog" id="_id55" name="" operation="hide" params="" rendered="true" transient="false"/>
</HtmlPanelGroup>
header
<HtmlPanelGroup id="_id53" rendered="true" transient="false"/>
<HtmlPanel id="_id56" rendered="true" style="width: 500px; height: 525px; overflow: auto;" transient="false">
<HtmlOutputText escape="false" id="_id57" rendered="true" transient="false" value="#{bundle['disclaimer_dialog.text.seo']}=Statements contained in this material, particularly those regarding the possible or assumed future performance, costs, dividends, returns, production levels or rates, prices, reserves, divestments, growth of the organization making this presentation, industry growth or other trend projections and any estimated company earnings are or may be forward looking statements and as such involve risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these statements depending on a variety of factors.<br/> <br/> This material is presented by West Corporation who make no representation or warranty regarding the accuracy or liability or completeness of any information provided and any reliance you place on such information will be at your sole risk.<br/> <br/> For our company disclosures, please refer to <a href="http://www.nasdaqomx.com/publicpolicy/europeanissues/listedcompaniesdisclosureofinformation" target="_blank">http://www.nasdaqomx.com/publicpolicy/europeanissues/listedcompaniesdisclosureofinformation</a>"/>
</HtmlPanel>
<HtmlForm enctype="application/x-www-form-urlencoded" id="_id58" rendered="true" style="float: right; padding-top: 10px;" submitted="false" transient="false">
<HtmlCommandButton disabled="false" id="okButton" immediate="false" onclick="return false;" readonly="false" rendered="true" transient="false" type="button" value="#{bundle['disclaimer_dialog.ok.label']}=disclaimer_dialog.ok.label"/>
<HtmlComponentControl attachTiming="immediate" attachTo="okButton" disableDefault="false" event="onclick" for="disclaimerDialog" id="_id59" name="" operation="hide" params="" rendered="true" transient="false"/>
</HtmlForm>
</HtmlModalPanel>
<HtmlPanelGroup id="temp_base_main" rendered="true" transient="false">
<div class="page-wrapper"> <div style="display:none;">
<HtmlOutputText escape="true" id="_id61" rendered="true" transient="false" value="#{commonAction.releaseDetails}="/>
<HtmlOutputText escape="true" id="_id62" rendered="true" transient="false" value="#{webFeedAction.clearCategoryWebFeed}="/>
<HtmlOutputText escape="true" id="_id63" rendered="true" transient="false" value="#{releaseAction.increasePopularity}="/>
</div> <div class="page-header">
<AjaxForm ajaxSingle="false" ajaxSubmit="false" bypassUpdates="false" id="_id65" ignoreDupResponses="false" limitToList="false" rendered="true" requestDelay="-2147483648" submitted="false" timeout="-2147483648" transient="false">
<div class="top-header"> <div class="logotype" style="margin-top:24px; margin-bottom:24px">
<HtmlCommandLink action="#{navigationAction.homePage}" id="_id67" immediate="false" rendered="true" transient="false">
<!--TODO: use h:graphicImage instead, it allows using relative paths--> <img src="/images/logo_west_80.png" alt="Go to home page"/>
</HtmlCommandLink>
<!-- <span><a href="http://www.hugingroup.com" target="blank" title="Go to hugingroup web site">www.hugingroup.com</a></span> --> </div> <div class="hugin-group">
<!--TODO: use h:graphicImage instead, it allows using relative paths--> <img alt="GlobeNewswire" src="/images/19818_thumb_78018_nasdaq_omx.png"/>
</div> <div class="clear"/> </div>
</AjaxForm>
<div class="banner">
<img src="#{configProperties.headerBannerImageUrl}" alt="#{configProperties.headerBannerImageAlt}"/>
</div>
<div class="top-nav"> <div class="top-nav-content"> <div class="main-nav"> <div class="navigation"> <strong class="point-title">Main navigation</strong>
<AjaxForm ajaxSingle="false" ajaxSubmit="false" bypassUpdates="false" id="_id76" ignoreDupResponses="false" limitToList="false" rendered="true" requestDelay="-2147483648" submitted="false" timeout="-2147483648" transient="false">
<ul id="navigation_panel"> <li class="first #{cssBean.newsPortalStyle}">
<HtmlCommandLink action="#{navigationAction.homePage}" id="_id78" immediate="false" rendered="true" transient="false">
#{bundle['header_navigation.news_portal']}
</HtmlCommandLink>
</li> <li class="#{cssBean.releaseArchiveStyle}">
<HtmlAjaxCommandLink action="#{navigationAction.releaseArchive}" ajaxSingle="false" bypassUpdates="false" id="release_archive_link" ignoreDupResponses="false" immediate="false" limitToList="false" rendered="true" requestDelay="-2147483648" timeout="-2147483648" transient="false">
<HtmlOutputText escape="true" id="_id81" rendered="true" transient="false" value="#{bundle['header_navigation.release_archive_menu']}=Release archive"/>
<HtmlActionParameter assignToBinding="#{releasesPagingBean.start}" id="_id82" name="start" noEscape="false" rendered="true" transient="false" value="0"/>
<HtmlActionParameter assignToBinding="#{releaseArchiveBean.start}" id="_id83" name="start" noEscape="false" rendered="true" transient="false" value="0"/>
<HtmlActionParameter assignToBinding="#{eventArchiveBean.start}" id="_id84" name="start" noEscape="false" rendered="true" transient="false" value="0"/>
<HtmlActionParameter assignToBinding="#{filterParams.releaseArchiveTabFilters.archiveType}" id="_id85" name="archiveType" noEscape="false" rendered="true" transient="false" value="#{headerFilterAction.commonReleaseArchiveType}=1"/>
</HtmlAjaxCommandLink>
</li> <li class="#{cssBean.calendarStyle}">
<HtmlAjaxCommandLink action="#{navigationAction.eventArchive}" ajaxSingle="false" bypassUpdates="false" id="event_archive_link" ignoreDupResponses="false" immediate="false" limitToList="false" rendered="true" requestDelay="-2147483648" timeout="-2147483648" transient="false">
<HtmlOutputText escape="true" id="_id87" rendered="true" transient="false" value="#{bundle['header_navigation.calendar_menu']}=Calendar"/>
<HtmlActionParameter assignToBinding="#{releasesPagingBean.start}" id="_id88" name="start" noEscape="false" rendered="true" transient="false" value="0"/>
<HtmlActionParameter assignToBinding="#{releaseArchiveBean.start}" id="_id89" name="start" noEscape="false" rendered="true" transient="false" value="0"/>
<HtmlActionParameter assignToBinding="#{eventArchiveBean.start}" id="_id90" name="start" noEscape="false" rendered="true" transient="false" value="0"/>
</HtmlAjaxCommandLink>
</li> <li>
<HtmlAjaxCommandLink action="#{navigationAction.searchPage}" ajaxSingle="false" bypassUpdates="false" id="_id92" ignoreDupResponses="false" immediate="false" limitToList="false" rendered="true" requestDelay="-2147483648" status="releaseArchiveStatus,topNewsStatus,topCompaniesStatus" timeout="-2147483648" transient="false">
<div class="#{cssBean.searchStyle}">
<HtmlOutputText escape="true" id="_id94" rendered="true" transient="false" value="#{bundle['header_navigation.search.menu']}=Search >>"/>
</div>
<HtmlActionParameter assignToBinding="#{releasesPagingBean.start}" id="_id96" name="start" noEscape="false" rendered="true" transient="false" value="0"/>
<HtmlActionParameter assignToBinding="#{releaseArchiveBean.start}" id="_id97" name="start" noEscape="false" rendered="true" transient="false" value="0"/>
<HtmlActionParameter assignToBinding="#{eventArchiveBean.start}" id="_id98" name="start" noEscape="false" rendered="true" transient="false" value="0"/>
</HtmlAjaxCommandLink>
</li> </ul>
</AjaxForm>
<div class="clear"/> </div> </div> <div class="login-and-lang fclear">
<AjaxForm ajaxSingle="false" ajaxSubmit="false" bypassUpdates="false" id="ui_language_form" ignoreDupResponses="false" limitToList="false" rendered="true" requestDelay="-2147483648" submitted="false" timeout="-2147483648" transient="false">
<!-- <strong class="point-title"><h:outputText value="#{bundle['header_navigation.search_lang_title']}"/></strong> --> <div class="meta-box"> <ul class="meta-box-nav fclear"> <li>
<a href="#{configProperties.registerNowLoginUrl}">
<HtmlOutputText escape="true" id="_id103" rendered="true" transient="false" value="#{bundle['register_now.login_my_hugin.href']}=Login"/>
</a>
</li> <li>#{bundle['header_navigation.languages']}</li> </ul> </div> <div class="nav-bar"> <ul> <li> <div class="select-wrap"> <div class="lang-box fclear"> <span class="lang"> <img src="/images/lang/#{i18nUiAction.selectedLanguage.code}.png" alt="#{i18nUiAction.selectedLanguage.code}" title="#{i18nUiAction.selectedLanguage.code}" class="flag-fix"/> #{i18nUiAction.selectedLanguage.name} </span> <span class="marker"/> </div> <div class="second-menu" id="lang-box-menu"> <div class="second-menu-wrap"> <ul>
<HtmlAjaxRepeat componentState="org.ajax4jsf.component.SequenceDataAdaptor$1@2f29aa03" first="0" id="ui_repeat_language" rendered="true" rowIndex="0" rows="0" transient="false" var="lang">
<li onclick="HolUtils.clickOnChildLink(this);">
<HtmlCommandLink action="#{i18nUiAction.changeUiLanguage}" id="ui_language" immediate="false" rendered="true" style="display:none;" transient="false">
<HtmlActionParameter assignToBinding="#{i18nUiBean.selectedLanguage}" id="ui_languageselectedLanguage" name="selectedLanguage" noEscape="false" rendered="true" transient="false"/>
<HtmlActionParameter id="ui_languagerId" name="rId" noEscape="false" rendered="true" transient="false" value="#{releaseAction.releaseInfo.translationList.translations[lang] eq null ? param.rId : releaseAction.releaseInfo.translationList.translations[lang]}=2223135"/>
</HtmlCommandLink>
<img src="/images/lang/#{lang.code}.png" alt="#{lang.name}" title="#{lang.name}"/> #{lang.name} </li>
</HtmlAjaxRepeat>
</ul> </div><!-- /second menu wrap --> </div><!-- /second menu --> </div><!-- /select wrap --> </li> </ul> </div> <div class="clear"/>
<HtmlAjaxStatus forceId="false" id="i18n_id" rendered="true" transient="false">
start
<HtmlPanelGroup id="_id109" rendered="true" transient="false">
<div align="center">
<HtmlGraphicImage id="_id111" ismap="false" rendered="true" styleClass="status_img" transient="false" url="/images/grid-loading_2.gif" value="/images/grid-loading_2.gif"/>
</div>
</HtmlPanelGroup>
</HtmlAjaxStatus>
</AjaxForm>
</div> <div class="clear"/> </div> <div class="clear"/> </div>
<div class="clear"/>
</div> <div class="page-content">
<!-- the order of calls is important here -->
<div id="release-detail-page"> <div class="content"> <div class="content-header fclear"> <div class="title"> <h2>
<HtmlOutputText escape="true" id="_id118" rendered="true" transient="false" value="#{bundle['release_details.release.text']}=Release"/>
<span>
<HtmlOutputText escape="true" id="_id120" rendered="true" transient="false" value="#{bundle['release_details.details.text']}=details"/>
</span> </h2> </div> <div class="rss-box" title="#{bundle['hol.web_feed.mouserollover.message']}">
<HtmlPanelGroup id="release_details_web_feed_url" rendered="true" transient="false">
<a href="#{webFeedAction.url}"> <span>
<HtmlOutputText escape="true" id="_id123" rendered="true" transient="false" value="#{bundle['rss.href']}=rss"/>
</span> </a>
</HtmlPanelGroup>
</div> </div> <div class="content-wrap"> <div class="releases-list bottom-decor">
<HtmlForm enctype="application/x-www-form-urlencoded" id="jsf_releasedetails_releaseslist" rendered="true" submitted="false" transient="false">
<table cellpadding="0" cellspacing="0"> <tr> <th class="release-info"> <div class="company-name">
<HtmlOutputLink id="_id127" rendered="true" transient="false" value="/companyDetails.faces">
<UIParameter id="_id128" name="#{companyAction.companyParamName}=cId" rendered="true" transient="false" value="#{info.firmId}=143398"/>
<HtmlOutputText escape="true" id="_id129" rendered="true" transient="false" value="#{info.firmName}=AIR FRANCE - KLM"/>
</HtmlOutputLink>
</div> </th> <td class="date-time"> <span class="date">
<HtmlOutputText converter="javax.faces.convert.DateTimeConverter@29a9e148" escape="true" id="_id131" rendered="true" transient="false" value="#{release.publishDate}=2018-10-31 07:15:00.0"/>
</span> <span class="time">
<HtmlOutputText converter="javax.faces.convert.DateTimeConverter@10062ff1" escape="true" id="_id133" rendered="true" transient="false" value="#{release.publishDate}=2018-10-31 07:15:00.0"/>
</span> </td> <td class="actions" style="width: 100px;"> <ul style=""> <li class="action-print" style="display:inline; margin-right: 5px;">
<HtmlOutputLink id="printLink" rendered="true" style="text-indent: 0;" transient="false" value="#">
<HtmlGraphicImage alt="Print" id="_id135" ismap="false" rendered="true" transient="false" url="/images/icon_action_print.png" value="/images/icon_action_print.png"/>
</HtmlOutputLink>
<HtmlComponentControl attachTiming="immediate" attachTo="printLink" disableDefault="false" event="onclick" for="printDialog" id="_id136" name="" operation="show" params="" rendered="true" transient="false"/>
</li> <li style="display:inline;"> <a id="addThisId" style="text-decoration:none; display: inline; text-indent: 0;" target="-blank"> <img src="http://s7.addthis.com/static/btn/sm-plus.gif" border="0" alt="Share"/> #{bundle['release_details.add_this.button.text']} </a> <script type="text/javascript" src="http://s7.addthis.com/js/250/addthis_widget.js#username=xa-4ccfef13008ffa28"/> <script type="text/javascript"> shareURI("#{info.firmNameJsEscaped}", "#{release.headingJsEscaped}", addthis.button, "#addThisId", "#{configProperties.socialMediaUrl}/hol/releaseDetails.faces?rId=#{releaseAction.releaseId}", "#{i18nUiAction.selectedLanguage.code}"); </script> </li> </ul> <div style="text-align:left;">
<HtmlOutputLink id="permalink" rendered="true" style="display:inline; text-indent:0 !important;" transient="false" value="#{releaseAction.releaseInfo.url}=/2018/10/31/AIR+FRANCE+KLM+RESULTS+THIRD+QUARTER+2018+HUG2223135.html">
#{bundle['release_details.permalink_text']}
</HtmlOutputLink>
</div> </td> <td class="actions"> <div class="flags">
<HtmlDataList border="-2147483648" first="0" forceId="false" id="_id140" preserveRowStates="false" rendered="true" rowIndex="-1" rowIndexVar="rowIndex" rows="0" transient="false" var="language">
<HtmlPanelGroup id="_id141" rendered="#{release.language.id eq language.id}=false" transient="false">
<HtmlPanelGroup id="_id142" rendered="#{language.code != null}=false" transient="false">
<span id="language_code_release_detail_#{language.id}" style="display:none;"> #{language.code} </span> <img src="/images/lang/#{language.code}.png" alt="#{language.code}" class="act" onError="HolUtils.showSpan(this,'language_code_release_detail_#{language.id}')"/>
</HtmlPanelGroup>
</HtmlPanelGroup>
<HtmlPanelGroup id="_id144" rendered="#{release.language.id ne language.id}=true" transient="false">
<HtmlOutputLink id="_id145" rendered="true" title="#{language.name}=" transient="false">
<HtmlPanelGroup id="_id146" rendered="#{language.code != null}=false" transient="false">
<span id="language_code_release_#{language.id}" style="display:none;"> #{language.code} </span> <img src="/images/lang/#{language.code}.png" alt="#{language.code}" class="lnk" onError="HolUtils.showSpan(this,'language_code_release_#{language.id}')"/>
</HtmlPanelGroup>
</HtmlOutputLink>
</HtmlPanelGroup>
</HtmlDataList>
</div> </td> </tr> </table>
</HtmlForm>
</div><!-- /releases-list --> <div class="overflow-block"> <div class="release-detail"> <h1>
<HtmlOutputText escape="true" id="_id150" rendered="true" transient="false" value="#{release.heading}=AIR FRANCE - KLM : RESULTS THIRD QUARTER 2018"/>
</h1> <div class="release-detail-content">
<HtmlOutputText escape="false" id="_id152" rendered="true" transient="false" value="#{release.main}=<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"><html xmlns="http://www.w3.org/1999/xhtml"> <head> <style>body { font-family: Arial, Verdana, Helvetica; font-size: 13px;} table.hugin { border-color:black;} td.hugin { padding: 3px; border-color:black;}</style> <title></title></head> <body class="hugin" lang="EN-US" link="blue" vlink="purple"> <h6 align="center" class="hugin">31 October 2018 </h6> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_0" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td align="center" class="hugin" style="border-style:solid; border-width:1px;" valign="top"> <h6 align="center" class="hugin"><b class="hugin">RESULTS AS AT 30</b> <b class="hugin">SEPTEMBER 2018</b></h6> <b class="hugin">Good resilience of operating result thanks to revenue performance  and unit cost reduction</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">THIRD QUARTER 2018</b><br class="hugin" />Air France-KLM commercial teams delivered a strong performance across all business segments:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">Number of passengers carried at 28.5 million up 2.3% compared to last year,</div> </li> <li class="hugin"> <div class="hugin">Group unit revenue up 2.0% at constant currency,</div> </li> <li class="hugin"> <div class="hugin">Strong revenue growth of 4.0%, with 5.8% at constant currency.</div> </li> </ul> <p align="justify" class="hugin">The Group posted a solid operating result thanks to unit cost reduction and revenue growth that helped to absorb fuel and currency headwinds:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">Operating result at 1,065 million euros, 77 million euros lower than last year<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn1" name="_ftnref1" style="vertical-align: text-top;" target="_self">[1]</a></sup>, but 11 million euros higher at constant currency,</div> </li> <li class="hugin"> <div class="hugin">Unit costs reduced by -1.0% at constant currency, fuel and pension charges1.</div> </li> </ul> <p align="justify" class="hugin">The Group net debt has been reduced by 222 million euros compared to 31 December 20171 at 6.3 billion euros, and the net debt/EBITDA ratio remained stable at 1.4x.<br class="hugin" />The Group repurchased €197m of hybrid bonds, resulting in a reduction of its future coupons. </p> <p align="justify" class="hugin">On 19 October 2018, Air France and its representative unions signed a pay agreement. Pilots' categorical negotiations will open next week.</p> <p align="justify" class="hugin"><b class="hugin">OUTLOOK FOR FULL YEAR 2018</b><br class="hugin" />The Group will continue to work on yield improvement within the context of an increased fuel price:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">Based on the current outlook and a demand environment that remains positively oriented, we expect Passenger network revenues to increase in the fourth quarter 2018, with long haul forward booking load factors ahead of last year and Passenger unit revenues stable at constant currency.</div> </li> </ul> <p align="justify" class="hugin">The unit cost target is confirmed at between 0% and +1.0% at constant currency, fuel and pension charges.</p> <p align="justify" class="hugin">The Board of Directors of Air France-KLM, chaired by Anne-Marie Couderc, met on 29 October 2018 to approve the financial statements for the first nine months of 2018.</p> <p align="justify" class="hugin"><b class="hugin">Benjamin Smith, CEO of Air France-KLM and Air France, commented:</b> <i class="hugin">"Air France-KLM posted a solid performance in the Summer quarter 2018, reflecting the commitment of all its staff, its commercial strengths and the attractiveness of its brands. The agreement on salaries signed at Air France brings stability as well as new perspectives for our businesses and employees. In the coming months, I am confident that we will be able to leverage our Group's strengths and assets to build an ambitious and innovative strategy to ensure the success of our airlines and reposition Air France-KLM as the leader of our industry." </i></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_1" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" rowspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Air France-KLM Group</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months </b> </td> </tr> <tr class="hugin"> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">Change</i></b>1 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">Change</i></b>1 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Passengers (thousands) </td> <td align="right" class="hugin" style="border-style:none;"> 28,531 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.3%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 76,985 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.6%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Unit revenue per ASK<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn2" name="_ftnref2" style="vertical-align: text-top;" target="_self">[2]</a></sup> (€ cts) </td> <td align="right" class="hugin" style="border-style:none;"> 7.05 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 6.65 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+1.6%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Operating result (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 1,065 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-77</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,292 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-403</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Net income - Group part<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn3" name="_ftnref3" style="vertical-align: text-top;" target="_self">[3]</a></sup> (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 786 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+145</i> </td> <td align="right" class="hugin" style="border-style:none;"> 627 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-464</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Operating free cash flow (€m) </td> <td align="right" class="hugin" style="border-style:none;"> -14 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-135</i> </td> <td align="right" class="hugin" style="border-style:none;"> 127 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-652</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Net debt at end of period (€m) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 6,349 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> -222 </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Third quarter 2018 business review  </b></p> <p align="justify" class="hugin"><b class="hugin">Network: Commercial teams leveraging strong Summer demand </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_2" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" rowspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Network</b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter </b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Capacity (EASK m) </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 87,948 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+1.9%</i> </td> <td class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin"> </i> </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 246,874 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+1.5%</i> </td> <td class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Total revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6,430 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+3.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+5.1%</i> </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 17,216 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+0.9%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+4.1%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Scheduled revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6,099 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+4.2%</i> </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 16,328 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+0.2%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+3.5%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Unit revenue per EASK (€ cts) </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6.94 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+0.1%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+2.2%</i> </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6.61 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">-1.2%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+2.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Unit cost per EASK (€ cts) </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6.01 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+2.6%</i> </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6.23 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+1.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+4.1%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Operating result (€m) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="bottom"> 810 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="bottom"> <i class="hugin">-76</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="bottom"> <i class="hugin">+14</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="bottom"> 960 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="bottom"> <i class="hugin">-397</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="bottom"> <i class="hugin">-272</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">In the third quarter 2018, capacity increased by 1.9%. Thanks to the strong performance of the commercial teams, network revenues rose by 5.1% at constant currency compared to last year. The key driver for this growth was a positive unit revenue performance from both the Passenger and Cargo activities.</p> <p align="justify" class="hugin">The combined Passenger and Cargo operating result amounted to 810 million euros for the third quarter 2018, an increase of 14 million euros at constant currency compared to last year.</p> <p align="justify" class="hugin"><b class="hugin">Passenger: Strong performance from the North American and Asian routes, demand out of Brazil and Argentina impacted by currency depreciation</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_3" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">Passenger network</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Passengers (thousands) </td> <td align="right" class="hugin" style="border-style:none;"> 23,369 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+1.9%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"> </b> </td> <td align="right" class="hugin" style="border-style:none;"> 64,509 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"> </b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Capacity (ASK m) </td> <td align="right" class="hugin" style="border-style:none;"> 78,219 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 219,214 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+1.7%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Traffic (RPK m) </td> <td align="right" class="hugin" style="border-style:none;"> 70,033 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 192,570 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.6%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Load factor  </td> <td align="right" class="hugin" style="border-style:none;"> 89.5% </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.4 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 87.8% </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.7 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Total passenger revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 5,864 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+4.7%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 15,564 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.6%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+3.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Scheduled passenger revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 5,608 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+1.6%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+3.8%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 14,894 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-0.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+3.2%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Unit revenue per ASK (€ cts) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 7.17 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">-0.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+1.8%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 6.79 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">-1.7%</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+1.5%</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">Third quarter 2018 capacity increased by 2.0%, resulting in traffic growth of 2.4%. <br class="hugin" />Thanks to vigorous sales efforts and revenue management steering, the Group managed to improve the overall passenger unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn4" name="_ftnref4" style="vertical-align: text-top;" target="_self">1</a></sup> which increased by 1.8%, despite a strong comparable third quarter 2017. <br class="hugin" />The long-haul network delivered a solid performance with a 0.4 pt increase in load factor to 89.5% and a unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn5" name="_ftnref5" style="vertical-align: text-top;" target="_self">1</a></sup> increase of 1.9% for the quarter. The North America, Asia and Africa & Middle East networks were positively oriented with unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn6" name="_ftnref6" style="vertical-align: text-top;" target="_self">1</a></sup> increases of respectively 3.8%, 2.5% and 2.8%. In Latin America, the Group's capacity was expanded by 7.7%, this growth was mainly coming from the route openings to Forteleza by Joon and KLM. However, demand out of Brasil and Argentina was weaker than expected having been impacted by the depreciations of their currencies, resulting in a -2.4% decline in unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn7" name="_ftnref7" style="vertical-align: text-top;" target="_self">1</a></sup> for the Latin America network. The Caribbean and Indian Ocean network's unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn8" name="_ftnref8" style="vertical-align: text-top;" target="_self">1</a></sup> was flat.</p> <p align="justify" class="hugin"> The Medium-haul network's performance was positive, with a unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn9" name="_ftnref9" style="vertical-align: text-top;" target="_self">1</a></sup> increase of 2.1%. On the medium-haul hub network, the unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn10" name="_ftnref10" style="vertical-align: text-top;" target="_self">1</a></sup> was up 3.3%, with both hubs contributing positively. On the point-to-point network in France, the unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn11" name="_ftnref11" style="vertical-align: text-top;" target="_self">1</a></sup> was down 3.0% with the ongoing competitive pressure from rail.</p> <p align="justify" class="hugin"><b class="hugin">Cargo: continuation of a solid unit revenue performance </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_4" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">Cargo business</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Tons (thousands) </td> <td align="right" class="hugin" style="border-style:none;"> 289 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+3.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"> </b> </td> <td align="right" class="hugin" style="border-style:none;"> 834 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-0.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"> </b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Capacity (ATK m) </td> <td align="right" class="hugin" style="border-style:none;"> 3,787 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+1.6%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 10,734 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-0.1%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Traffic (RTK m) </td> <td align="right" class="hugin" style="border-style:none;"> 2,204 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+3.7%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 6,336 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.3%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Load factor  </td> <td align="right" class="hugin" style="border-style:none;"> 58.2% </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+1.1 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 59.0% </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.3 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Total Cargo revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 567 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+8.8%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+9.4%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,654 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+4.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+7.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Scheduled cargo revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 491 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+7.9%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+8.5%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,434 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+3.2%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+6.6%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Unit revenue per ATK (€ cts ) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 12.97 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">+6.1%</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+6.7%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 13.36 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">+3.3%</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+6.8%</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">Cargo capacity rose by 1.6% compared to last year within a buoyant demand environment particularly in Asia and North America. Despite some difficult local market circumstances, Latin America also performed well.<br class="hugin" />Revenue management steering generated higher yields in both full freighters and bellies, resulting in an unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn12" name="_ftnref12" style="vertical-align: text-top;" target="_self">1</a></sup> increase by 6.7% in the quarter. </p> <p align="justify" class="hugin">The new digital customer platform is proving succesful and contributing to sales growth, with an increase in the direct sales channel. Electronic Air Way Bill (E-AWB) usage by our customers rose to a level of 73% in the third quarter 2018.</p> <p align="justify" class="hugin"><b class="hugin">Transavia: Capacity growth and a unit revenue increase offset a higher fuel bill, leading to an operating result at 178 million euros and a margin of 29%</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_5" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">Transavia</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Passengers (thousands) </td> <td align="right" class="hugin" style="border-style:none;"> 5,162 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+4.1%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 12,476 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+6.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Capacity (ASK m) </td> <td align="right" class="hugin" style="border-style:none;"> 10,082 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.8%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 24,033 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+6.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Traffic (RPK m) </td> <td align="right" class="hugin" style="border-style:none;"> 9,363 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.8%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 22,193 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+8.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Load factor  </td> <td align="right" class="hugin" style="border-style:none;"> 92.9% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+0.0 pt</i> </td> <td align="right" class="hugin" style="border-style:none;"> 92.3% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+1.7 pt</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Total passenger revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 615 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+10.6%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,302 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+12.2%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Unit revenue per ASK (€ cts) </td> <td align="right" class="hugin" style="border-style:none;"> 6.09 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+4.5%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 5.37 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Unit cost per ASK (€ cts) </td> <td align="right" class="hugin" style="border-style:none;"> 4.33 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+7.8%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 4.62 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+4.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Operating result (€m) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 178 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+5</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 181 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+28</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">Transavia carried 5.1 million passengers in the third quarter 2018, an increase of 4.1% compared to last year. Despite the tough comparable base (Q3 2017 unit revenue up 9.3%), this quarter's unit revenue increased by 4.5% compared to last year. <br class="hugin" />The third quarter 2018 operating result stood at 178 million euros, an improvement of 5 million euros compared to last year. <br class="hugin" />In particular, Transavia France delivered a very strong quarter with capacity growth of 17% combined with higher unit revenues boosting its operating margin to above 30%. </p> <p class="hugin"><b class="hugin">Maintenance: Strong increase in third-party revenues</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_6" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">Maintenance</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Total revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 1,061 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 3,143 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Third party revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 489 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+9.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+9.7%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,430 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+7.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+14.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Operating result  (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 77 </td> <td align="right" class="hugin" style="border-style:none;"> -5 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -5 </td> <td align="right" class="hugin" style="border-style:none;"> 149 </td> <td align="right" class="hugin" style="border-style:none;"> -39 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -22 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Operating margin (%) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 7.2% </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">-0.6 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-0.6 pt</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 4.7% </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">-1.4 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-1.1 pt</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">Maintenance revenues increased in the third quarter 2018 compared to last year, with third-party revenues up by 9.7% at constant currency, driven by a strong performance from the Engine activity. The operating margin expressed as a percentage of total revenues stood at 7.2%, a decrease of 0.6 points at constant currency.  </p> <p align="justify" class="hugin">The Maintenance order book stood at 10.7 billion dollars at the end of the third quarter 2018, an increase of 0.3 billion dollars compared to the end of 2017, mainly driven by new Component and Engine contracts.</p> <p align="justify" class="hugin"> <b class="hugin">Air France-KLM Group: revenue growth of +4.0% and +5.8% at constant currency, operating result at 1.07 Billion euros</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_7" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="4" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="right" class="hugin" style="border-style:none;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style:none;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> <td align="right" class="hugin" colspan="2" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Capacity (EASK m) </td> <td align="right" class="hugin" style="border-style: solid none none solid; border-width:1px;"> 98,030 </td> <td align="right" class="hugin" style="border-style: solid none none none; border-width:1px;"> <i class="hugin">+2.3%</i> </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> <i class="hugin"> </i> </td> <td align="right" class="hugin" style="border-style:none;"> 270,908 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">+1.9%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Capacity excl. Cargo (ASK m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 88,301 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> <td align="right" class="hugin" style="border-style:none;"> 243,247 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">+2.2%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Unit revenue per EASK (€ cts) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 6.85 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.4%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 6.5 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">-0.9%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.1%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Revenues (€m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 7,545 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+4.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.8%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 19,977 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.3%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> EBITDA (€m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 1,771 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-  82 </i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">6 </i> </td> <td align="right" class="hugin" style="border-style:none;"> 3,441 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">-  352 </i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-  210 </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating result (€m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 1,065 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-  77 </i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">11 </i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,292 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">-  403 </i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-  267 </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating margin (%) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 14.1% </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-1.6 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-0.7 pt</i> </td> <td align="right" class="hugin" style="border-style:none;"> 6.5% </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">-2.2 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.7 pt</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> Net income - Group part (€m)<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn13" name="_ftnref13" style="vertical-align: text-top;" target="_self">1</a></sup> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 786 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">+145</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin"> </i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 627 </td> <td align="right" class="hugin" colspan="2" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">-464</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">In the third quarter 2018, the Air France-KLM Group operating result proved resilient, standing at 1,065 million euros, down -77 million euros compared to last year but up 11 million euros at constant currency. </p> <p align="justify" class="hugin">The strong sales performance and efforts to reduce unit cost helped to offset the major portion of the fuel and currency headwinds. Unit revenue and unit cost contributed positively with a respective 155 million euros and 55 million euros.</p> <p align="justify" class="hugin">The fuel bill including fuel hedging amounted to 1,377 million euros, up 229 million euros, and up 223 million euros at constant currency, due to the increase in the jet fuel price. The positive fuel hedge result realized in third quarter 2018 stood at 240 million euros.</p> <p align="justify" class="hugin">Currencies had a negative 128 million euro impact on revenues and a positive impact on costs of 40 million euros including currency hedging. The net impact of currencies thus amounted to a negative 88 million euros for the third quarter 2018. </p> <p align="justify" class="hugin"><b class="hugin">Unit cost down 1%, consistent with full year target range of 0 to +1%</b><br class="hugin" />On a constant currency, fuel price and pension-related expense basis, unit costs were down -1.0% in the third quarter 2018. <br class="hugin" />For the first nine months of 2018, the pay agreement signed in Air France on 19 October 2018 will have an impact of around 40 millions euros that will be booked in the fourth quarter 2018. </p> <p align="justify" class="hugin"><b class="hugin">Staff costs stable and improved labor productivity supported by capacity increase</b><br class="hugin" />Productivity, measured in EASK per FTE, increased by 0.6% while capacity increased by 2.3%. <br class="hugin" />The number of staff increased by 1,400 FTEs including +250 Pilots and +300 Cabin Crew in response to the capacity growth. Ground staff increased by 850 FTEs, mainly driven by IT Innovation department, third party activities in E&M and the Customer Centers.<br class="hugin" />Net employee costs in the third quarter 2018 were down 0.6% compared to last year. They would have been stable including the costs for the quarter of the new Air France pay agreement.</p> <p class="hugin"><b class="hugin">Net debt reduction in the first nine months of 2018</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_8" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">In € million</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Cash flow before change in WCR and Voluntary Departure Plans, continuing operations (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 1,594 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-47</i> </td> <td align="right" class="hugin" style="border-style:none;"> 3,028 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-269</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Cash out related to Voluntary Departure Plans (€m) </td> <td align="right" class="hugin" style="border-style:none;"> -12 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+15</i> </td> <td align="right" class="hugin" style="border-style:none;"> -133 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-33</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Change in Working Capital Requirement (WCR) (€m) </td> <td align="right" class="hugin" style="border-style:none;"> -823 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-168</i> </td> <td align="right" class="hugin" style="border-style:none;"> 10 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-181</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> <b class="hugin">Net cash flow from operating activities </b><b class="hugin">(€m)</b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">759</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"><i class="hugin">-200</i></b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">2,905</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"><i class="hugin">-483</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Net investments before sale & lease-back* (€m) </td> <td align="right" class="hugin" style="border-style:none;"> -554 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+43</i> </td> <td align="right" class="hugin" style="border-style:none;"> -2,042 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-179</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> <b class="hugin">Operating free cash flow </b><b class="hugin">(€m)</b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">205</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"><i class="hugin">-157</i></b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">863</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"><i class="hugin">-662</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Reduction of lease debt </td> <td align="right" class="hugin" style="border-style:none;"> -219 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 22 </td> <td align="right" class="hugin" style="border-style:none;"> -736 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 10 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">Adjusted operating free cash flow **</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">-14</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">-135</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">127</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">-652</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><i class="hugin">* Sum of</i> '<i class="hugin">Purchase of property, plant and equipment and intangible assets' and 'Proceeds on disposal of property, plant and equipment and intangible assets' as presented in the consolidated cash flow statement.</i> <br class="hugin" /><i class="hugin">** The "Adjusted operating free cash" is Operating free cash flow" with deduction of the repayment of lease debt.</i></p> <p align="justify" class="hugin"><b class="hugin">Adjusted operating free cash flow a positive 127 million euros for the first nine months of 2018</b><br class="hugin" />The Group generated adjusted operating free cash flow of 127 million euros in the first nine months of 2018, a reduction of 652 million euros compared to last year. The decline resulted from the strike impact and a net 221 million euro increase in investments. </p> <p align="justify" class="hugin"><b class="hugin">Net debt reduction driven by adjusted operating free cash flow generation and repayment of lease debt</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_9" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In € million</i> </td> <td align="right" class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> <b class="hugin">31 Dec 2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Net debt </td> <td align="right" class="hugin" style="border-style: solid solid none solid; border-width:1px;"> 6,349 </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> 6,571 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> EBITDA<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn14" name="_ftnref14" style="vertical-align: text-top;" target="_self">1</a></sup> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> 4,425 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 4,779 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net debt/EBITDA</b><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn15" name="_ftnref15" style="vertical-align: text-top;" target="_self">1</a></sup> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">1.4 x</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">1.4 x</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin">In the third quarter 2018 the group repurchased 197 million euros of hybrid perpetual notes<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn16" name="_ftnref16" style="vertical-align: text-top;" target="_self">2</a></sup>, resulting in a net reduction of coupons by 11 million euros up to October 2020. Since these hybrid bonds had not been recognised as debt, their repurchase had a negative impact on net debt. <br class="hugin" />Despite this impact, the Group reduced net debt to 6,349 million euros ar 30 September 2018 versus 6,571 million euros at 31 December 2017. This 222 million euros reduction was driven by operating free cash flow generation and the repayment of lease debt.<br class="hugin" />The net debt/EBITDA ratio remained stable at 1.4x at 30 September 2018 compared to 31 December 2017.</p> <p align="justify" class="hugin"><b class="hugin">Both Air France and KLM delivered robust growth and margins over the Summer </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_10" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Air France Group (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 493 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-66</i> </td> <td align="right" class="hugin" style="border-style:none;"> 328 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-418</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> <i class="hugin">Operating margin (%)</i> </td> <td align="right" class="hugin" style="border-style:none;"> 10.8% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.9 pt</i> </td> <td align="right" class="hugin" style="border-style:none;"> 2.7% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-3.5 pt</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> KLM Group (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 573 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-15</i> </td> <td align="right" class="hugin" style="border-style:none;"> 960 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-7</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <i class="hugin">Operating margin (%)</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 18.4% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-1.5 pt</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 11.6% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-0.7 pt</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">Outlook</b></p> <p align="justify" class="hugin">The global context remains uncertain given the current geopolitical environment and rising fuel price trends.<br class="hugin" />             <br class="hugin" />As a consequence, the following guidance components have been adjusted for full year 2018:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">Capacity increase adjusted at 2.0% to 2.5% for the Passenger network.</div> </li> <li class="hugin"> <div class="hugin">The 2018 fuel bill is expected to increase by 500 million euros compared to last year<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn17" name="_ftnref17" style="vertical-align: text-top;" target="_self">1</a></sup>, and the 2019 fuel bill is expected to increase by 900 million euros compared to 2018<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn18" name="_ftnref18" style="vertical-align: text-top;" target="_self">1</a></sup>. </div> </li> <li class="hugin"> <div class="hugin">Investment plan within 2.4 billion euro to 2.6 billion euro range, mainly due to IFRS 16 shop visit capitalization adjustment and the decision to buy rather than lease engines.</div> </li> </ul> <p align="justify" class="hugin">Based on the current outlook and a demand environment that remains positively oriented, we expect Passenger network revenues to increase in the fourth quarter 2018, with long haul forward booking load factors ahead of last year and Passenger unit revenues stable at constant currency.</p> <p align="justify" class="hugin">The Group maintains unchanged the following guidance components for full year 2018:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">Unit cost target maintained at between 0% and +1.0% at constant currency, fuel and pension charges,</div> </li> <li class="hugin"> <div class="hugin">Net debt reduction compared to 31 December 2017,</div> </li> <li class="hugin"> <div class="hugin">Currency headwind of around 150 million euros.</div> </li> </ul> <p class="hugin">*****</p> <p align="justify" class="hugin">The Third Quarter 2018 financial statements have not been audited by the Statutory Auditors.</p> <p align="justify" class="hugin">The results presentation will be available at <a class="hugin" href="http://www.airfranceklm.com" target="_blank">www.airfranceklm.com</a> from 7:15 am CET on 31 October 2018.</p> <p align="justify" class="hugin">A conference call will be hosted by Benjamin Smith and Frédéric Gagey on 31 October 2018 at 8:00am CET.<br class="hugin" />To connect to the conference call, please dial:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">France: +33 (0)1 76 77 22 57 </div> </li> <li class="hugin"> <div class="hugin">Netherlands: +31 (0) 20 703 8261 </div> </li> <li class="hugin"> <div class="hugin">UK: +44 (0)330 336 9411 </div> </li> <li class="hugin"> <div class="hugin">US: +1 323 994 2093</div> </li> </ul> <p align="justify" class="hugin">Confirmation code: 2089016</p> <p align="justify" class="hugin">To listen to the audio-replay of the conference call, please dial:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">France: +33 (0) 1 70 48 00 94</div> </li> <li class="hugin"> <div class="hugin">Netherlands: +31 (0) 20 721 8903</div> </li> <li class="hugin"> <div class="hugin">UK: +44 (0) 207 660 0134</div> </li> <li class="hugin"> <div class="hugin">US: +1 719-457-0820</div> </li> </ul> <p align="justify" class="hugin">Confirmation code: 2089016</p> <p class="hugin"><b class="hugin">Investor Relations                                                                                          Press</b><br class="hugin" /><b class="hugin">Marie-Agnès de Peslouan                   Wouter van Beek                                                        </b><br class="hugin" />+33 1 49 89 52 59                                 +33 1 49 89 52 60                                 +33 1 41 56 56 00<br class="hugin" /><a class="hugin" href="mailto:madepeslouan@airfranceklm.com" target="_blank">madepeslouan@airfranceklm.com</a>        <a class="hugin" href="mailto:Wouter-van.Beek@airfranceklm.com" target="_blank">Wouter-van.Beek@airfranceklm.com</a><br class="hugin" />                        <b class="hugin"><br class="hugin" clear="all" /></b><br class="hugin" /><b class="hugin">Income Statement</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_11" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In millions euros</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Sales</b> </td> <td align="right" class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">7,544</b> </td> <td align="right" class="hugin" style="border-style: solid none solid none; border-width:1px;"> <b class="hugin">7,256</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+4.0%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">19,976</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">19,588</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+2.0%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> Other revenues </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 1 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 1 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+0.0%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 1 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 1 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+0.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">Revenues</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">7,545</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">7,257</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+4.0%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">19,977</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">19,589</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+2.0%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Aircraft fuel </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -1,377 </td> <td align="right" class="hugin" style="border-style:none;"> -1,148 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+19.9%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -3,622 </td> <td align="right" class="hugin" style="border-style:none;"> -3,428 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.7%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Chartering costs </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -158 </td> <td align="right" class="hugin" style="border-style:none;"> -132 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+19.7%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -434 </td> <td align="right" class="hugin" style="border-style:none;"> -388 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+11.9%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Landing fees and en route charges </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -513 </td> <td align="right" class="hugin" style="border-style:none;"> -513 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+0.0%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -1,419 </td> <td align="right" class="hugin" style="border-style:none;"> -1,445 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Catering </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -211 </td> <td align="right" class="hugin" style="border-style:none;"> -214 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.4%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -586 </td> <td align="right" class="hugin" style="border-style:none;"> -602 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-2.7%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Handling charges and other operating costs </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -501 </td> <td align="right" class="hugin" style="border-style:none;"> -457 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+9.6%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -1,481 </td> <td align="right" class="hugin" style="border-style:none;"> -1,313 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+12.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Aircraft maintenance costs </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -586 </td> <td align="right" class="hugin" style="border-style:none;"> -594 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.3%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -1,769 </td> <td align="right" class="hugin" style="border-style:none;"> -1,779 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-0.6%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Commercial and distribution costs </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -266 </td> <td align="right" class="hugin" style="border-style:none;"> -234 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+13.7%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -776 </td> <td align="right" class="hugin" style="border-style:none;"> -700 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+10.9%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other external expenses </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -399 </td> <td align="right" class="hugin" style="border-style:none;"> -332 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+20.2%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -1,223 </td> <td align="right" class="hugin" style="border-style:none;"> -1,057 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+15.7%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Salaries and related costs </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -1,916 </td> <td align="right" class="hugin" style="border-style:none;"> -1,927 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-0.6%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -5,728 </td> <td align="right" class="hugin" style="border-style:none;"> -5,652 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+1.3%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Taxes other than income taxes </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -40 </td> <td align="right" class="hugin" style="border-style:none;"> -39 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.6%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -127 </td> <td align="right" class="hugin" style="border-style:none;"> -122 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+4.1%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other income and expenses </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 193 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 186 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+3.8%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 629 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 690 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-8.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">EBITDA</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">1,771</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,853</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-4.4%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">3,441</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">3,793</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-9.3%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Amortization, depreciation and provisions </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> -707 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -711 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-0.6%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -2,149 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -2,098 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+2.4%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Income from current operations</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">1,065</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,142</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-6.7%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,292</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,695</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-23.8%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Sales of aircraft equipment </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 3 </td> <td align="right" class="hugin" style="border-style:none;"> -2 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">nm</i> </td> <td align="right" class="hugin" style="border-style:none;"> -1 </td> <td align="right" class="hugin" style="border-style:none;"> 19 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">nm</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other non-current income and expenses </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 18 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -313 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">nm</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -5 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -326 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-98.5%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Income from operating activities</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">1,085</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">827</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+31.2%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,286</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,388</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-7.3%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cost of financial debt </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -118 </td> <td align="right" class="hugin" style="border-style:none;"> -145 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-18.6%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -354 </td> <td align="right" class="hugin" style="border-style:none;"> -443 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-20.1%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Income from cash and cash equivalent </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 9 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 7 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+28.6%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 29 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 27 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+7.4%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cost of financial debt</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">-109</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">-138</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-21.0%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">-325</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">-416</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-21.9%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other financial income and expenses </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> -61 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 164 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">nm</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -135 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 538 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">nm</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Income before tax</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">915</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">853</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+7.3%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">826</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,510</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-45.3%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Income taxes </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> -136 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -220 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-38.2%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -203 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -425 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-52.2%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net income of consolidated companies</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">780</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">633</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+23.2%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">623</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,085</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-42.6%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Share of profits (losses) of associates </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 7 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 9 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-22.2%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 6 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 16 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-62.5%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Income from continuing operations</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">787</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">643</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+22.4%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">629</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,102</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-42.9%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Net income from discontinued operations </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">nm</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -8 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-100.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net income for the period</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">787</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">642</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+22.6%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">629</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,093</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-42.5%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Non-controlling interest </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> -1 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -2 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-50.0%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -2 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -3 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-33.3%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net income for the period - Group part</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">786</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">641</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+22.6%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">627</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,091</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-42.5%</i></b> </td> </tr> </tbody> </table> <b class="hugin"><br class="hugin" clear="all" /></b> <p align="justify" class="hugin"><b class="hugin">Consolidated Balance Sheet</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_12" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <b class="hugin">Assets</b> </td> <td align="right" class="hugin" rowspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" rowspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">31 Dec 2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Goodwill </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 217 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 216 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Intangible assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 1,174 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,122 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Flight equipment </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 10,187 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 9,634 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other property, plant and equipment </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 1,462 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,418 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Right-of-use assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 5,361 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5,915 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Investments in equity associates </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 299 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 301 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Pension assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 768 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 590 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other financial assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 1,499 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,242 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deferred tax assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 255 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 422 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other non-current assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 348 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 239 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total non-current assets</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">21,570</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">21,099</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Assets held for sale </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other short-term financial assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 327 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 421 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Inventories </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 676 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 557 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Trade receivables </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2,621 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2,164 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other current assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 1,743 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,242 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cash and cash equivalents </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,891 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4,674 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total current assets</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">9,258</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">9,058</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">Total assets</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">30,828</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">30,157</b> </td> </tr> </tbody> </table> <br class="hugin" /> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_13" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <b class="hugin">Liabilities and equity</b> </td> <td align="right" class="hugin" rowspan="2" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" rowspan="2" style="border-style: solid solid none none; border-width:1px;"> <b class="hugin">31 Dec 2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Issued capital </td> <td align="right" class="hugin" style="border-style: solid solid none solid; border-width:1px;"> 429 </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> 429 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Additional paid-in capital </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 4,139 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4,139 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Treasury shares </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -67 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -67 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Perpetual </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 403 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 600 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Reserves and retained earnings </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -1,626 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -2,713 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Equity attributable to equity holders of Air France-KLM</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">3,278</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">2,388</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Non-controlling interests </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> 14 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 12 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total Equity</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">3,292</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2,400</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Pension provisions </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2,090 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2,202 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other provisions </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,248 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3,006 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Financial debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 6,019 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5,919 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Lease debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,848 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4,153 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deferred tax liabilities </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 196 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 11 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other non-current liabilities </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> 228 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 361 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total non-current liabilities</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">15,629</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">15,652</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Provisions </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 170 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 282 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Current portion of financial debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 692 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,378 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Current portion of lease debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 946 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 993 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Trade payables </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2,610 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2,365 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deferred revenue on ticket sales </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,336 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3,017 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Frequent flyer programs </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 835 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 819 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other current liabilities </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,303 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3,245 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Bank overdrafts </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> 15 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 6 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total current liabilities</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">11,907</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">12,105</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">Total equity and liabilities</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">30,828</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">30,157</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">Consolidated Statement of Cash Flows from 1<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;">st</sup> January until 30<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;">th</sup> September 2018</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_14" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">30 Sep 2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Net income from continuing operations </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 629 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,101 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Net income from discontinued operations </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -8 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Amortization, depreciation and operating provisions </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2,149 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2,098 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Financial provisions </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 93 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 91 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Loss (gain) on disposals of tangible and intangible assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -18 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -17 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Loss (gain)on disposals of subsidiaries and associates </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 1 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -2 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Derivatives - non monetary result </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 25 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 44 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Unrealized foreign exchange gains and losses, net </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 118 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -675 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Impairment </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other non-monetary items </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -283 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 213 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Share of (profits) losses of associates </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -6 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -16 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deferred taxes </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 187 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 368 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> <b class="hugin">Financial Capacity</b> </td> <td align="right" class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin">2,895</b> </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> <b class="hugin">3,197</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <i class="hugin">Of which discontinued operations</i> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <i class="hugin">0</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">0</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> (Increase) / decrease in inventories </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -102 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -15 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> (Increase) / decrease in trade receivables </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -471 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -486 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Increase / (decrease) in trade payables </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 222 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 62 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Change in other receivables and payables </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 361 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 630 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Change in working capital requirements</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">10</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">191</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Change in working capital from discontinued operations</i> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <i class="hugin">0</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">0</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cash flow from operating activities</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">2,905</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">3,388</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Purchase of property, plant and equipment and intangible assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -2,138 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1,947 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Proceeds on disposal of property, plant and equipment and intangible assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 96 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 84 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Proceeds on disposal of subsidiaries, of shares in non-controlled entities </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 5 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Acquisition of subsidiaries, of shares in non-controlled entities </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -9 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -7 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Dividends received </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 4 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Decrease (increase) in net investments, more than 3 months </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 5 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -276 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Net cash flow used in investing activities of discontinued operations</i> </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> <i class="hugin">0</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">0</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cash flow used in investing activities</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">-2,037</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">-2,141</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Increase of capital </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Repurchase of perpetual (including premium) </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -211 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Issuance of debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 532 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 560 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Repayment on financial debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -1,182 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -801 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Payments on leases debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -736 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -746 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Decrease (increase ) in loans, net </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -52 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -74 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Dividends and coupons on perpetual paid </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -12 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Net cash flow used in financing activities of discontinued operations</i> </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> <i class="hugin">0</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">0</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cash flow from financing activities</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">-1,661</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">-1,062</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Effect of exchange rate on cash and cash equivalents and bank overdrafts </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -26 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Effect of exch. rate on cash and cash eq. and bank overdrafts of disc. ops.</i> </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Change in cash and cash equivalents and bank overdrafts</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">-791</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">159</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cash and cash equivalents and bank overdrafts at beginning of period </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 4,667 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3,933 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cash and cash equivalents and bank overdrafts at end of period </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,876 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4,092 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <i class="hugin">Change in treasury of discontinued operations</i> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 0 </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">Key Performance Indicators</b></p> <p align="justify" class="hugin"><b class="hugin">EBITDA </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_15" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In millions euros</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Income from current operations </td> <td align="right" class="hugin" style="border-style: solid none none solid; border-width:1px;"> 1,065 </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> 1,142 </td> <td align="right" class="hugin" style="border-style:none;"> 1,292 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,695 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Amortization, depreciation and provisions </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 707 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 711 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 2,149 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 2,098 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">EBITDA</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">1,771</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">1,853</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">3,441</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">3,793</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">Restated net income - Group part</b><b class="hugin">        </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_16" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Net income - Group part </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 786 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 641 </td> <td align="right" class="hugin" style="border-style:none;"> 627 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,091 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Net income from discontinued operations </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style:none;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 8 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Unrealized foreign exchange gains and losses, net </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -157 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -214 </td> <td align="right" class="hugin" style="border-style:none;"> -49 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -675 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Change in fair value of financial assets and liabilities (derivatives) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -14 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="right" class="hugin" style="border-style:none;"> -74 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -15 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Non-current income and expenses </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -21 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 315 </td> <td align="right" class="hugin" style="border-style:none;"> 6 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 307 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Depreciation of shares available for sale </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 57 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -23 </td> <td align="right" class="hugin" style="border-style:none;"> 35 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 111 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> De-recognition of deferred tax assets </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style:none;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">Restated net income - Group part</b> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">651</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">722</b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">545</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">827</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Coupons on perpetual </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -6 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -6 </td> <td align="right" class="hugin" style="border-style:none;"> -18 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -18 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">Restated net income - Group part, including coupons on perpetual (used to calculate earnings per share)</b> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">645</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">716</b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">527</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">809</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> Restated net income per share (in €) </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 1.51 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 2.12 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 1.23 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 2.71 </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Return on capital employed (ROCE)</b><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn19" name="_ftnref19" style="vertical-align: text-top;" target="_self">1</a></sup></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_17" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">30 Sep 2017</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">30 Sep 2017</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">30 Sep 2016</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Goodwill and intangible assets </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 1,390 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,329 </td> <td align="right" class="hugin" style="border-style:none;"> 1,329 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,254 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Flight equipment </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 10,187 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 9,740 </td> <td align="right" class="hugin" style="border-style:none;"> 9,740 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 8,878 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other property, plant and equipment </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 1,462 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,377 </td> <td align="right" class="hugin" style="border-style:none;"> 1,377 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,405 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Right of use assets </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 5,361 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5,744 </td> <td align="right" class="hugin" style="border-style:none;"> 5,744 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5,778 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Investments in equity associates </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 299 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 303 </td> <td align="right" class="hugin" style="border-style:none;"> 303 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 78 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Financial assets excluding shares available for sale, marketable securities and financial deposits </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 123 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 105 </td> <td align="right" class="hugin" style="border-style:none;"> 105 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 91 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Provisions, excluding pension, cargo litigation and restructuring </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -3,002 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -2,715 </td> <td align="right" class="hugin" style="border-style:none;"> -2,715 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -2,524 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> WCR, excluding market value of derivatives </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -5,865 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -5,806 </td> <td align="right" class="hugin" style="border-style:none;"> -5,806 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -5,453 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Capital employed </b> </td> <td align="right" class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">9,955</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">10,077</b> </td> <td align="right" class="hugin" style="border-style: solid none solid none; border-width:1px;"> <b class="hugin">10,077</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">9,507</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">Average capital employed (A)</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: none none none solid; border-width:1px;"> 10,016 </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid none solid; border-width:1px;"> 9,792 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Income from current operations </td> <td align="center" class="hugin" colspan="2" style="border-style: none none none solid; border-width:1px;"> 1,533 </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid none solid; border-width:1px;"> 1,883 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> - Dividends received </td> <td align="center" class="hugin" colspan="2" style="border-style: none none none solid; border-width:1px;"> -2 </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid none solid; border-width:1px;"> -3 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> - Share of profits (losses) of associates </td> <td align="center" class="hugin" colspan="2" style="border-style: none none none solid; border-width:1px;"> 10 </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid none solid; border-width:1px;"> 7 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> - Normative income tax </td> <td align="center" class="hugin" colspan="2" style="border-style: none none none solid; border-width:1px;"> -458 </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid none solid; border-width:1px;"> -561 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Income from current operations after tax (B)</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">1,083</b> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">1,326</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">ROCE, trailing 12 months (B/A)</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">10.8%</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">13.5%</b> </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Net debt </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_18" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Balance sheet at</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">31 Dec 2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Current and non-current financial debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 6,369 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 6,955 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deposits on aircraft under finance lease </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 4,710 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5,060 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Financial assets pledged (OCEANE swap) </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Currency hedge on financial debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 11 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 19 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Accrued interest </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -63 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -76 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Gross financial debt (A)</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">11,027</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">11,958</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cash and cash equivalents </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,891 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4,674 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Marketable securities </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 73 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 73 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cash pledges </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 264 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 269 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deposits (bonds) </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 465 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 379 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Bank overdrafts </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -15 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -6 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -2 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cash (B)</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">4,678</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">5,387</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">Net debt (A) - (B)</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">6,349</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">6,571</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">Adjusted operating free cash flow</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_19" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Net cash flow from operating activities, continued operations </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 759 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 959 </td> <td align="right" class="hugin" style="border-style:none;"> 2,905 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3,388 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Investment in property, plant, equipment and intangible assets </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -604 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -608 </td> <td align="right" class="hugin" style="border-style:none;"> -2,138 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1,947 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Proceeds on disposal of property, plant, equipment and intangible assets </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 50 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 11 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 96 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 84 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Operating free cash flow</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">205</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">362</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">863</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">1,525</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> Payments on lease debt </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> -219 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> -241 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -736 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> -746 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">Adjusted operating free cash flow</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">-14</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">121</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">127</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">779</b> </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Unit cost: net cost per EASK</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_20" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="top"> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Revenues (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 7,545 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 7,257 </td> <td align="right" class="hugin" style="border-style:none;"> 19,977 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 19,589 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Income/(loss) from current operations (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -1,065 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1,142 </td> <td align="right" class="hugin" style="border-style:none;"> -1,292 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1,695 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Total operating expense (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 6,480 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 6,115 </td> <td align="right" class="hugin" style="border-style:none;"> 18,685 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 17,894 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Passenger network business - other revenues (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -255 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -199 </td> <td align="right" class="hugin" style="border-style:none;"> -669 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -580 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cargo business - other revenues (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -76 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -66 </td> <td align="right" class="hugin" style="border-style:none;"> -219 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -193 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Third-party revenues in the maintenance business (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -489 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -447 </td> <td align="right" class="hugin" style="border-style:none;"> -1,430 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1,336 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Transavia - other revenues (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style:none;"> -11 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -9 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Third-party revenues of other businesses (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -10 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -12 </td> <td align="right" class="hugin" style="border-style:none;"> -28 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -31 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cost  (in €m)</b> </td> <td align="right" class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">5,650</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">5,391</b> </td> <td align="right" class="hugin" style="border-style: solid none solid none; border-width:1px;"> <b class="hugin">16,328</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">15,745</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Capacity produced, reported in EASK* </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 98,030 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 95,844 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 270,908 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 265,744 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cost per EASK (in € cents per EASK)</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">5.76</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">5.63</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">6.03</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">5.92</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Gross change</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2.4% </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1.7% </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Currency effect on net costs (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -34 </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -377 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Change at constant currency</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3.0% </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4.2% </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Fuel price effect (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 223 </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 466 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Change on a constant currency and fuel price basis</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1.0% </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1.2% </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Change in pension-related expenses (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 13 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cost per EASK on a constant currency, fuel price and pension-related expenses basis (in € cents per EASK)</b> </td> <td align="right" class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">5.76</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">5.82</b> </td> <td align="right" class="hugin" style="border-style: solid none solid none; border-width:1px;"> <b class="hugin">6.03</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">5.96</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin"><i class="hugin">Change on a constant currency, fuel price and pension-related expenses basis</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin"><i class="hugin"> </i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-1.0%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin"><i class="hugin"> </i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+1.1%</i></b> </td> </tr> </tbody> </table> <p class="hugin"><i class="hugin">* The capacity produced by the transportation activities is combined by adding the capacity of the Passenger network (in ASK) to that of Transavia (in ASK) and the Cargo business (in ATK) converted into EASK based on a separate fixed factor for Air France and for KLM..</i></p> <p class="hugin"><b class="hugin">Airline results</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_21" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> <b class="hugin">Air France Group</b> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Revenue (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 4,580 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+3.5%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 12,058 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+0.4%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> EBITDA (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 951 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-69</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,695 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-403</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating result (en m€) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 493 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-66</i> </td> <td align="right" class="hugin" style="border-style:none;"> 328 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-418</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Operating margin (%)</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 10.8% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.9 pt</i> </td> <td align="right" class="hugin" style="border-style:none;"> 2.7% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-3.5 pt</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating cash flow before WCR and restructuring cash out (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 883 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-33</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,519 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-318</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <i class="hugin">Operating cash flow (before WCR and restructuring) margin</i> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 19.3% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-1.4 pt</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 12.6% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-2.7 pt</i> </td> </tr> </tbody> </table> <br class="hugin" /> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_22" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> <b class="hugin">KLM Group</b><br class="hugin" /><b class="hugin">KLM Group</b> </td> <td class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Revenue (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 3,110 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.2%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 8,292 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> EBITDA (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 818 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-17</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,734 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+32</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating result (en m€) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 573 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-15</i> </td> <td align="right" class="hugin" style="border-style:none;"> 960 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-7</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Operating margin (%)</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 18.4% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.5 pt</i> </td> <td align="right" class="hugin" style="border-style:none;"> 11.6% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-0.7 pt</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating cash flow before WCR and restructuring cash out (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 704 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-61</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,491 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-13</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <i class="hugin">Operating cash flow (before WCR and restructuring) margin</i> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 22.6% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-3.3 pt</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 18.0% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-1.1 pt</i> </td> </tr> </tbody> </table> <p class="hugin"><i class="hugin">NB: Sum of individual airline results does not add up to Air France-KLM total due to intercompany eliminations at Group level</i></p> <p align="justify" class="hugin"><b class="hugin">Group fleet at 30<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;">th</sup> of September 2018</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_23" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Aircraft type</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">AF<br class="hugin" />(incl. HOP)</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">KLM <br class="hugin" />(incl. KLC & MP)</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Transavia</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Owned</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Finance  lease</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Operating lease</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Total</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">In operation</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">Change /  </i></b><b class="hugin"><i class="hugin">31/12/17</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B747-400 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 12 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 12 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">12</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">12</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B777-300 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 43 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 10 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 25 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 22 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">57</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">57</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B777-200 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 25 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 15 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 24 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 15 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">40</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">40</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B787-9 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 13 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 12 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">19</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">19</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">4</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A380-800 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 10 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">10</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">10</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A340-300 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">6</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">6</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A330-300 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">5</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">5</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A330-200 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 15 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 8 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 11 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 12 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">23</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">23</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total Long-Haul</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">105</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">67</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">0</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">68</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">33</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">71</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">172</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">172</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">2</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B737-900 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">5</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">5</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B737-800 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 27 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 67 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 25 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 10 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 59 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">94</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">93</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">6</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B737-700 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 18 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 8 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 8 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 15 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">26</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">26</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A321 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 20 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 11 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 9 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">20</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">20</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A320 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 43 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 35 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">43</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">43</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">1</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A319 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 35 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 20 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 13 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">35</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">35</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-3</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A318 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 18 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 12 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">18</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">18</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total Medium-Haul</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">116</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">50</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">75</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">75</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">32</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">134</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">241</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">240</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">4</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> ATR72-600 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">6</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">6</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> ATR72-500 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">2</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">2</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> ATR42-500 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 7 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">7</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">7</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-4</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Canadair Jet 1000 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">14</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">14</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Canadair Jet 700 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 11 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 11 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">11</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">8</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-3</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Embraer 190 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 10 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 32 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 7 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 21 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">42</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">42</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">2</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Embraer 175 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 17 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">17</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">17</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">5</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Embraer 170 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 15 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 9 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">15</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">15</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Embraer 145 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 18 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">18</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">13</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total Regional</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">83</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">49</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">0</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">61</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">34</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">37</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">132</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">124</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-1</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B747-400ERF </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">3</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">3</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B747-400BCF </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">1</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">1</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B777-F </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">2</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">2</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total Cargo</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">2</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">4</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">0</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">6</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">0</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">0</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">6</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">6</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">0</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;" valign="bottom">   </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">306</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">170</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">75</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">210</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">99</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">242</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">551</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">542</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">5</i></b> </td> </tr> </tbody> </table> <br class="hugin" /> <div class="hugin" style=""><br class="hugin" clear="all" /><hr align="left" class="hugin" size="1" width="33%" /> <div class="hugin" id="ftn1" style=""> <p align="justify" class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref1" name="_ftn1" style="vertical-align: text-top;" target="_self">[1]</a></sup> <i class="hugin">Since January 1<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;">st</sup>, 2018, Air France-KLM Group has applied the new accounting standards IFRS 9, 15 and 16. For the purpose of comparison, the Group consolidated financial statements have been restated as of 1st January 2017.</i></p> </div> <div class="hugin" id="ftn2" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref2" name="_ftn2" style="vertical-align: text-top;" target="_self">[2]</a></sup> <i class="hugin">Passenger and Transavia, change at constant currency </i></p> </div> <div class="hugin" id="ftn3" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref3" name="_ftn3" style="vertical-align: text-top;" target="_self">[3]</a></sup> <i class="hugin">See note page 4</i></p> </div> <div class="hugin" id="ftn4" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref4" name="_ftn4" style="vertical-align: text-top;" target="_self">1</a></sup> <i class="hugin">At constant currency</i></p> </div> <div class="hugin" id="ftn5" style=""> </div> <div class="hugin" id="ftn6" style=""> </div> <div class="hugin" id="ftn7" style=""> </div> <div class="hugin" id="ftn8" style=""> </div> <div class="hugin" id="ftn9" style=""> <p class="hugin"><a class="hugin_footnote hugin" href="#_ftnref9" name="_ftn9" style="vertical-align: text-top; font-size: 0.8em;" target="_self"> </a>1 <i class="hugin">At constant currency</i></p> </div> <div class="hugin" id="ftn10" style=""> </div> <div class="hugin" id="ftn11" style=""> </div> <div class="hugin" id="ftn12" style=""> </div> <div class="hugin" id="ftn13" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref13" name="_ftn13" style="vertical-align: text-top;" target="_self">1</a></sup> <i class="hugin">Net Income - group "one-off elements" in 2017:</i></p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin"><i class="hugin">Positive effect after tax of €98 million in Q3 2017 and €339 million in the first nine months 2017, resulting from IFRS 16 restatement of lease debt in dollars, </i></div> </li> <li class="hugin"> <div class="hugin"><i class="hugin">Non current expense impact of €233 million after tax in Q3 2017 related to KLM Cabin pension plan de-recognition.</i></div> </li> </ul> <p class="hugin"><i class="hugin">Excluding these incidentals, the change of the Net result, group share is of +€10 million for Q3 2018, and -€358 million for the first 9 months of 2018 compared to last year</i></p> </div> <div class="hugin" id="ftn14" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref14" name="_ftn14" style="vertical-align: text-top;" target="_self">1</a></sup> Sliding 12 months</p> </div> <div class="hugin" id="ftn15" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref15" name="_ftn15" style="vertical-align: text-top;" target="_self">2</a></sup> Of which €194.5 m as part of the tender offer launched on 3 September 2018 and  €2.2 m by agreement ("de gré à gré") at the same price</p> </div> <div class="hugin" id="ftn16" style=""> </div> <div class="hugin" id="ftn17" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref17" name="_ftn17" style="vertical-align: text-top;" target="_self">1</a></sup> Based on the forward curves of 26<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;">th</sup> of October 2018, average Brent price of USD 75 for 2018 and USD 76 for 2019, jet fuel price including into plane of USD 756 per ton 2018 and USD 799 per ton 2019 and and a EUR/USD exchange rate of 1.18 in 2018 and 1.16 in 2019</p> </div> <div class="hugin" id="ftn18" style=""> </div> <div class="hugin" id="ftn19" style=""> <p align="justify" class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref19" name="_ftn19" style="vertical-align: text-top;" target="_self">1</a></sup> The ROCE definition has been updated within the framework of IFRS 16 implementation. The asset value linked to the aircraft lease contracts now corresponds to the net book value of the right-of-use asset of all the lease contracts. Moreover, the "operating result, adjusted for operating leases" no longer existing having been replaced by "income from current operations" which, thanks to IFRS 16 implementation, no longer includes the financial cost of lease contracts. Finally, the Group now uses a normative income tax rate, calculated according to the tax rates applied in France and in the Netherlands.</p> </div> </div> </body></html>"/>
</div> <div class="release-addons"> <div class="release-addon release-addon-last">
<UIRepeat id="_id154" offset="0" rendered="true" size="-1" transient="false" var="file">
<div class="release-addon-description"> <div class="icon">
<HtmlGraphicImage id="_id156" ismap="false" rendered="#{file.iconName ne null}=false" transient="false" url="/images/icons/#{file.iconName}=/images/icons/" value="/images/icons/#{file.iconName}=/images/icons/"/>
</div> <p> <a href="#{file.url}"> <dfn>#{file.heading}</dfn> </a> <br/>
<HtmlOutputText escape="true" id="_id158" rendered="true" transient="false"/>
</p> </div>
</UIRepeat>
</div> </div> </div>
<div class="release-addons"> <div class="release-addon release-addon-last">
<HtmlDataList border="-2147483648" first="0" forceId="false" id="_id162" preserveRowStates="false" rendered="true" rowIndex="-1" rows="0" transient="false" var="file">
<div class="release-addon-description"> <div class="icon">
<HtmlGraphicImage id="_id164" ismap="false" rendered="#{file.iconName ne null}=false" transient="false" url="/images/icons/#{file.iconName}=/images/icons/" value="/images/icons/#{file.iconName}=/images/icons/"/>
</div> <p>
<HtmlOutputLink id="_id166" rendered="true" transient="false">
<dfn>
<HtmlOutputText escape="true" id="_id168" rendered="true" transient="false"/>
</dfn>
</HtmlOutputLink>
<br/>
<HtmlOutputText escape="true" id="_id171" rendered="true" transient="false"/>
</p> </div>
</HtmlDataList>
</div> </div>
<div> <i style="color: #E8E8E8; font-size: 8px;">#{releaseAction.cyberwatcherSeoKey}</i> </div> </div><!-- /overflow-block --> </div><!-- /content-wrap --> </div><!-- /content --> <div class="sidebar #{not empty info.topLogo ? '':'no-logo'}">
<div class="panel-company-information"> <div class="panel-content"> <div class="logo-wrapper">
<HtmlGraphicImage alt="#{info.firmName}=AIR FRANCE - KLM" id="width-autofit" ismap="false" rendered="#{showLogo}=true" styleClass="logo" transient="false"/>
</div>
<address> <dfn>
<HtmlOutputText escape="true" id="_id178" rendered="true" transient="false" value="#{info.firmName}=AIR FRANCE - KLM"/>
</dfn>
<HtmlOutputText escape="true" id="_id180" rendered="true" transient="false" value="#{info.postAddress}=2 rue de Robert-Esnault-Pelterie"/>
<HtmlOutputText escape="true" id="_id181" rendered="#{info.postAddress != null and (info.zipCode != null or info.postOffice != null or info.countryName != null)}=true" transient="false" value=", "/>
<HtmlOutputText escape="true" id="_id182" rendered="true" transient="false" value="#{info.zipCode} =FR-75007 "/>
<HtmlOutputText escape="true" id="_id183" rendered="true" transient="false" value="#{info.postOffice}=Paris"/>
<HtmlOutputText escape="true" id="_id184" rendered="#{(info.zipCode != null or info.postOffice != null) and info.countryName != null}=true" transient="false" value=", "/>
<HtmlOutputText escape="true" id="_id185" rendered="true" transient="false" value="#{info.countryName}=France"/>
</address> <ul class="phones">
<li><span>
<HtmlOutputText escape="true" id="_id188" rendered="true" transient="false" value="#{bundle['company_contacts.tel']}=T."/>
</span> #{info.phone}</li>
<HtmlOutputText escape="true" id="_id190" rendered="#{info.phone != null && info.fax != null && companyInfo == null}=false" transient="false" value=","/>
<li><span>
<HtmlOutputText escape="true" id="_id192" rendered="true" transient="false" value="#{bundle['company_contacts.fax']}=F."/>
</span> #{info.fax}</li>
</ul>
<ul class="actions">
<HtmlPanelGroup id="_id196" rendered="#{showLogo}=true" transient="false">
<li>
<HtmlOutputLink id="_id198" rendered="true" transient="false" value="/companyDetails.faces">
<UIParameter id="_id199" name="#{companyAction.companyParamName}=cId" rendered="true" transient="false" value="#{info.firmId}=143398"/>
<UIParameter id="_id200" name="#{companyAction.languageParamName}=langId" rendered="true" transient="false" value="#{info.languageId}=5"/>
<HtmlOutputText escape="true" id="_id201" rendered="true" transient="false" value="#{bundle['company_information.company_profile.text']}=Company profile"/>
</HtmlOutputLink>
</li>
</HtmlPanelGroup>
<li>
<HtmlForm enctype="application/x-www-form-urlencoded" id="jsf_companyinformation_completelist_link" rendered="true" submitted="false" transient="false">
<HtmlCommandLink action="#{companyAction.gotoCompleteList}" id="_id204" immediate="false" rendered="true" transient="false" value="#{bundle['company_information.all_releases.href']}=All company releases"/>
</HtmlForm>
</li> <li>
<HtmlOutputLink id="_id206" rendered="true" target="_blank" transient="false" value="#{info.webSite}=http://www.airfranceklm-finance.com/en">
<HtmlOutputText escape="true" id="_id207" rendered="true" transient="false" value="#{bundle['company_information.company_website.text']}=Company website"/>
</HtmlOutputLink>
</li> </ul> </div> </div> <script type="text/javascript"> HolUtils.addLoadEvent(HolUtils.turnOffTabs); HolUtils.addLoadEvent(HolUtils.correctCompanyLogoSize); </script>
<div class="panel panel-company-releases">
<HtmlAjaxRegion id="_id210" immediate="false" renderRegionOnly="false" rendered="true" selfRendered="false" submitted="false" transient="false">
<HtmlAjaxStatus forceId="false" id="companyReleasesStatus" onstart="maximizeStatusPane('#{statusId}pane');=maximizeStatusPane('companyReleasesStatuspane');" rendered="true" transient="false">
start
<HtmlPanelGroup id="_id211" rendered="true" transient="false">
<div id="#{statusId}pane" class="status"/>
<HtmlGraphicImage id="_id213" ismap="false" rendered="true" styleClass="status_img" transient="false" url="/images/grid-loading_2.gif" value="/images/grid-loading_2.gif"/>
</HtmlPanelGroup>
</HtmlAjaxStatus>
<h2>
<HtmlOutputText escape="true" id="_id215" rendered="true" transient="false" value="#{bundle['company_releases.company.text']}=Company"/>
<strong>
<HtmlOutputText escape="true" id="_id217" rendered="true" transient="false" value="#{bundle['company_releases.releases.text']}=Releases"/>
</strong></h2> <div class="panel-content">
<HtmlPanelGroup id="company_releases_list" rendered="true" transient="false">
<div class="nav-tab-wrap">
<AjaxForm ajaxSingle="false" ajaxSubmit="false" bypassUpdates="false" id="jsf_companyreleases_form" ignoreDupResponses="false" limitToList="false" rendered="true" requestDelay="-2147483648" submitted="false" timeout="-2147483648" transient="false">
<ul class="nav-tab fclear"> <li class="#{action.allStyle}">
<HtmlAjaxCommandLink ajaxSingle="false" bypassUpdates="false" id="_id221" ignoreDupResponses="false" immediate="false" limitToList="false" oncomplete="HolUtils.trimHeading()" reRender="#{reRender}=company_releases_list" rendered="true" requestDelay="-2147483648" timeout="-2147483648" transient="false">
<HtmlActionParameter assignToBinding="#{filter.tab}" id="_id222" name="jsf_companyreleases_form:_id222" noEscape="false" rendered="true" transient="false" value="-1"/>
<span>
<HtmlOutputText escape="true" id="_id224" rendered="true" transient="false" value="#{name}=All"/>
</span>
</HtmlAjaxCommandLink>
</li> <li class="#{action.generalStyle}">
<HtmlAjaxCommandLink ajaxSingle="false" bypassUpdates="false" id="_id227" ignoreDupResponses="false" immediate="false" limitToList="false" oncomplete="HolUtils.trimHeading()" reRender="#{reRender}=company_releases_list" rendered="true" requestDelay="-2147483648" timeout="-2147483648" transient="false">
<HtmlActionParameter assignToBinding="#{filter.tab}" id="_id228" name="jsf_companyreleases_form:_id228" noEscape="false" rendered="true" transient="false" value="2"/>
<span>
<HtmlOutputText escape="true" id="_id230" rendered="true" transient="false" value="#{name}=General"/>
</span>
</HtmlAjaxCommandLink>
</li> <li class="#{action.ernStyle}">
<HtmlAjaxCommandLink ajaxSingle="false" bypassUpdates="false" id="_id233" ignoreDupResponses="false" immediate="false" limitToList="false" oncomplete="HolUtils.trimHeading()" reRender="#{reRender}=company_releases_list" rendered="true" requestDelay="-2147483648" timeout="-2147483648" transient="false">
<HtmlActionParameter assignToBinding="#{filter.tab}" id="_id234" name="jsf_companyreleases_form:_id234" noEscape="false" rendered="true" transient="false" value="3"/>
<span>
<HtmlOutputText escape="true" id="_id236" rendered="true" transient="false" value="#{name}=Regulatory"/>
</span>
</HtmlAjaxCommandLink>
</li> </ul>
</AjaxForm>
<div class="clear"/> </div> <div class="top-5-list"> <ul>
<HtmlOutputText escape="true" id="_id240" rendered="#{empty companyAction.itemList}=false" styleClass="release-detail-content" transient="false" value="#{bundle['company_releases.no_releases']}=No releases"/>
<HtmlDataList border="-2147483648" first="0" forceId="false" id="_id241" preserveRowStates="false" rendered="true" rowIndex="-1" rows="0" transient="false" var="releaseInfo">
<li> <div id="name_frame" style="width:250px; white-space: nowrap; overflow: hidden;">
<HtmlOutputLink id="_id243" rendered="true" title="#{releaseInfo.heading}=" transient="false">
<span id="ellipsis">
<HtmlOutputText escape="true" id="_id245" rendered="true" transient="false"/>
</span>
</HtmlOutputLink>
</div> </li>
</HtmlDataList>
</ul> </div>
<HtmlForm enctype="application/x-www-form-urlencoded" id="jsf_companyreleases_completelist_link" rendered="true" submitted="false" transient="false">
<div class="btn-wrap fclear"> <div class="btn"> <div class="br"><div class="bl"><div class="tr"><div class="tl">
<HtmlCommandLink action="#{companyAction.gotoCompleteList}" id="_id250" immediate="false" rendered="#{not empty companyAction.itemList}=true" transient="false" value="#{bundle['homepage.complete_list.link']}=see all"/>
</div></div></div></div> </div> </div>
</HtmlForm>
</HtmlPanelGroup>
<script type="text/javascript"> HolUtils.addLoadEvent(HolUtils.trimHeading); </script> </div><!-- /panel-content -->
</HtmlAjaxRegion>
</div><!-- /panel --> </div><!-- /sidebar --> <div class="clear"/> </div><!-- /release-detail-page -->
<iframe name="printedArea" src="" id="printedArea" width="0" height="0"/>
<HtmlModalPanel autosized="false" controlsClass="" headerClass="" height="580" id="printDialog" immediate="false" keepVisualState="false" left="auto" localValueSet="false" minHeight="-1" minWidth="-1" moveable="true" onhide="" onmaskclick="" onmaskcontextmenu="" onmaskdblclick="" onmaskmousedown="" onmaskmousemove="" onmaskmouseout="" onmaskmouseover="" onmaskmouseup="" onshow="" rendered="true" required="false" resizeable="false" showWhenRendered="false" top="10" transient="false" tridentIVEngineSelectBehavior="disable" valid="true" width="530" zindex="100">
controls
<HtmlPanelGroup id="_id257" rendered="true" transient="false">
<HtmlOutputText escape="true" id="closeLink" rendered="true" transient="false" value="X"/>
<HtmlComponentControl attachTiming="immediate" attachTo="closeLink" disableDefault="false" event="onclick" for="printDialog" id="_id258" name="" operation="hide" params="" rendered="true" transient="false"/>
</HtmlPanelGroup>
header
<HtmlPanelGroup id="_id255" rendered="true" transient="false">
<HtmlOutputText escape="true" id="_id256" rendered="true" transient="false" value="#{bundle['print_release_dialog.title']}=GlobeNewswire - Print release"/>
</HtmlPanelGroup>
<HtmlPanel id="printContentView" rendered="true" style="width: 500px; height: 495px; overflow: auto;" transient="false">
<div id="printContent">
<HtmlGraphicImage alt="#{info.firmName}=AIR FRANCE - KLM" id="_id260" ismap="false" rendered="#{info.topLogo != null}=false" styleClass="logo" transient="false"/>
<HtmlOutputText escape="true" id="_id261" rendered="#{info.topLogo == null}=true" transient="false" value="#{info.firmName}=AIR FRANCE - KLM"/>
<br/><br/>
<HtmlOutputText escape="true" id="_id263" rendered="true" style="text-decoration: underline; font-weight: bold; font-size: larger;" transient="false" value="#{release.heading}=AIR FRANCE - KLM : RESULTS THIRD QUARTER 2018"/>
<Div id="_id264" rendered="#{release.heading != null}=true" transient="false" value="div">
<br/>
</Div>
<HtmlOutputText escape="false" id="_id266" rendered="true" transient="false"/>
<Div id="_id267" rendered="#{release.ingress != null}=false" transient="false" value="div">
<br/><br/>
</Div>
<HtmlOutputText escape="false" id="_id269" rendered="true" transient="false" value="#{release.main}=<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"><html xmlns="http://www.w3.org/1999/xhtml"> <head> <style>body { font-family: Arial, Verdana, Helvetica; font-size: 13px;} table.hugin { border-color:black;} td.hugin { padding: 3px; border-color:black;}</style> <title></title></head> <body class="hugin" lang="EN-US" link="blue" vlink="purple"> <h6 align="center" class="hugin">31 October 2018 </h6> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_0" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td align="center" class="hugin" style="border-style:solid; border-width:1px;" valign="top"> <h6 align="center" class="hugin"><b class="hugin">RESULTS AS AT 30</b> <b class="hugin">SEPTEMBER 2018</b></h6> <b class="hugin">Good resilience of operating result thanks to revenue performance  and unit cost reduction</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">THIRD QUARTER 2018</b><br class="hugin" />Air France-KLM commercial teams delivered a strong performance across all business segments:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">Number of passengers carried at 28.5 million up 2.3% compared to last year,</div> </li> <li class="hugin"> <div class="hugin">Group unit revenue up 2.0% at constant currency,</div> </li> <li class="hugin"> <div class="hugin">Strong revenue growth of 4.0%, with 5.8% at constant currency.</div> </li> </ul> <p align="justify" class="hugin">The Group posted a solid operating result thanks to unit cost reduction and revenue growth that helped to absorb fuel and currency headwinds:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">Operating result at 1,065 million euros, 77 million euros lower than last year<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn1" name="_ftnref1" style="vertical-align: text-top;" target="_self">[1]</a></sup>, but 11 million euros higher at constant currency,</div> </li> <li class="hugin"> <div class="hugin">Unit costs reduced by -1.0% at constant currency, fuel and pension charges1.</div> </li> </ul> <p align="justify" class="hugin">The Group net debt has been reduced by 222 million euros compared to 31 December 20171 at 6.3 billion euros, and the net debt/EBITDA ratio remained stable at 1.4x.<br class="hugin" />The Group repurchased €197m of hybrid bonds, resulting in a reduction of its future coupons. </p> <p align="justify" class="hugin">On 19 October 2018, Air France and its representative unions signed a pay agreement. Pilots' categorical negotiations will open next week.</p> <p align="justify" class="hugin"><b class="hugin">OUTLOOK FOR FULL YEAR 2018</b><br class="hugin" />The Group will continue to work on yield improvement within the context of an increased fuel price:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">Based on the current outlook and a demand environment that remains positively oriented, we expect Passenger network revenues to increase in the fourth quarter 2018, with long haul forward booking load factors ahead of last year and Passenger unit revenues stable at constant currency.</div> </li> </ul> <p align="justify" class="hugin">The unit cost target is confirmed at between 0% and +1.0% at constant currency, fuel and pension charges.</p> <p align="justify" class="hugin">The Board of Directors of Air France-KLM, chaired by Anne-Marie Couderc, met on 29 October 2018 to approve the financial statements for the first nine months of 2018.</p> <p align="justify" class="hugin"><b class="hugin">Benjamin Smith, CEO of Air France-KLM and Air France, commented:</b> <i class="hugin">"Air France-KLM posted a solid performance in the Summer quarter 2018, reflecting the commitment of all its staff, its commercial strengths and the attractiveness of its brands. The agreement on salaries signed at Air France brings stability as well as new perspectives for our businesses and employees. In the coming months, I am confident that we will be able to leverage our Group's strengths and assets to build an ambitious and innovative strategy to ensure the success of our airlines and reposition Air France-KLM as the leader of our industry." </i></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_1" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" rowspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Air France-KLM Group</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months </b> </td> </tr> <tr class="hugin"> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">Change</i></b>1 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">Change</i></b>1 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Passengers (thousands) </td> <td align="right" class="hugin" style="border-style:none;"> 28,531 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.3%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 76,985 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.6%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Unit revenue per ASK<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn2" name="_ftnref2" style="vertical-align: text-top;" target="_self">[2]</a></sup> (€ cts) </td> <td align="right" class="hugin" style="border-style:none;"> 7.05 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 6.65 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+1.6%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Operating result (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 1,065 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-77</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,292 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-403</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Net income - Group part<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn3" name="_ftnref3" style="vertical-align: text-top;" target="_self">[3]</a></sup> (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 786 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+145</i> </td> <td align="right" class="hugin" style="border-style:none;"> 627 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-464</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Operating free cash flow (€m) </td> <td align="right" class="hugin" style="border-style:none;"> -14 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-135</i> </td> <td align="right" class="hugin" style="border-style:none;"> 127 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-652</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Net debt at end of period (€m) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 6,349 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> -222 </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Third quarter 2018 business review  </b></p> <p align="justify" class="hugin"><b class="hugin">Network: Commercial teams leveraging strong Summer demand </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_2" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" rowspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Network</b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter </b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Capacity (EASK m) </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 87,948 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+1.9%</i> </td> <td class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin"> </i> </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 246,874 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+1.5%</i> </td> <td class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Total revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6,430 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+3.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+5.1%</i> </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 17,216 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+0.9%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+4.1%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Scheduled revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6,099 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+4.2%</i> </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 16,328 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+0.2%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+3.5%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Unit revenue per EASK (€ cts) </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6.94 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+0.1%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+2.2%</i> </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6.61 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">-1.2%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+2.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Unit cost per EASK (€ cts) </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6.01 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+2.6%</i> </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> 6.23 </td> <td align="right" class="hugin" style="border-style:none;" valign="bottom"> <i class="hugin">+1.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin">+4.1%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Operating result (€m) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="bottom"> 810 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="bottom"> <i class="hugin">-76</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="bottom"> <i class="hugin">+14</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="bottom"> 960 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="bottom"> <i class="hugin">-397</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="bottom"> <i class="hugin">-272</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">In the third quarter 2018, capacity increased by 1.9%. Thanks to the strong performance of the commercial teams, network revenues rose by 5.1% at constant currency compared to last year. The key driver for this growth was a positive unit revenue performance from both the Passenger and Cargo activities.</p> <p align="justify" class="hugin">The combined Passenger and Cargo operating result amounted to 810 million euros for the third quarter 2018, an increase of 14 million euros at constant currency compared to last year.</p> <p align="justify" class="hugin"><b class="hugin">Passenger: Strong performance from the North American and Asian routes, demand out of Brazil and Argentina impacted by currency depreciation</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_3" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">Passenger network</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Passengers (thousands) </td> <td align="right" class="hugin" style="border-style:none;"> 23,369 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+1.9%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"> </b> </td> <td align="right" class="hugin" style="border-style:none;"> 64,509 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"> </b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Capacity (ASK m) </td> <td align="right" class="hugin" style="border-style:none;"> 78,219 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 219,214 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+1.7%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Traffic (RPK m) </td> <td align="right" class="hugin" style="border-style:none;"> 70,033 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 192,570 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.6%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Load factor  </td> <td align="right" class="hugin" style="border-style:none;"> 89.5% </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.4 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 87.8% </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.7 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Total passenger revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 5,864 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+4.7%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 15,564 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.6%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+3.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Scheduled passenger revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 5,608 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+1.6%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+3.8%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 14,894 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-0.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+3.2%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Unit revenue per ASK (€ cts) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 7.17 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">-0.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+1.8%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 6.79 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">-1.7%</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+1.5%</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">Third quarter 2018 capacity increased by 2.0%, resulting in traffic growth of 2.4%. <br class="hugin" />Thanks to vigorous sales efforts and revenue management steering, the Group managed to improve the overall passenger unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn4" name="_ftnref4" style="vertical-align: text-top;" target="_self">1</a></sup> which increased by 1.8%, despite a strong comparable third quarter 2017. <br class="hugin" />The long-haul network delivered a solid performance with a 0.4 pt increase in load factor to 89.5% and a unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn5" name="_ftnref5" style="vertical-align: text-top;" target="_self">1</a></sup> increase of 1.9% for the quarter. The North America, Asia and Africa & Middle East networks were positively oriented with unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn6" name="_ftnref6" style="vertical-align: text-top;" target="_self">1</a></sup> increases of respectively 3.8%, 2.5% and 2.8%. In Latin America, the Group's capacity was expanded by 7.7%, this growth was mainly coming from the route openings to Forteleza by Joon and KLM. However, demand out of Brasil and Argentina was weaker than expected having been impacted by the depreciations of their currencies, resulting in a -2.4% decline in unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn7" name="_ftnref7" style="vertical-align: text-top;" target="_self">1</a></sup> for the Latin America network. The Caribbean and Indian Ocean network's unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn8" name="_ftnref8" style="vertical-align: text-top;" target="_self">1</a></sup> was flat.</p> <p align="justify" class="hugin"> The Medium-haul network's performance was positive, with a unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn9" name="_ftnref9" style="vertical-align: text-top;" target="_self">1</a></sup> increase of 2.1%. On the medium-haul hub network, the unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn10" name="_ftnref10" style="vertical-align: text-top;" target="_self">1</a></sup> was up 3.3%, with both hubs contributing positively. On the point-to-point network in France, the unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn11" name="_ftnref11" style="vertical-align: text-top;" target="_self">1</a></sup> was down 3.0% with the ongoing competitive pressure from rail.</p> <p align="justify" class="hugin"><b class="hugin">Cargo: continuation of a solid unit revenue performance </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_4" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">Cargo business</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Tons (thousands) </td> <td align="right" class="hugin" style="border-style:none;"> 289 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+3.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"> </b> </td> <td align="right" class="hugin" style="border-style:none;"> 834 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-0.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"> </b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Capacity (ATK m) </td> <td align="right" class="hugin" style="border-style:none;"> 3,787 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+1.6%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 10,734 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-0.1%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Traffic (RTK m) </td> <td align="right" class="hugin" style="border-style:none;"> 2,204 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+3.7%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 6,336 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.3%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Load factor  </td> <td align="right" class="hugin" style="border-style:none;"> 58.2% </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+1.1 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 59.0% </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.3 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Total Cargo revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 567 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+8.8%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+9.4%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,654 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+4.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+7.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Scheduled cargo revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 491 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+7.9%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+8.5%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,434 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+3.2%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+6.6%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Unit revenue per ATK (€ cts ) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 12.97 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">+6.1%</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+6.7%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 13.36 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">+3.3%</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+6.8%</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">Cargo capacity rose by 1.6% compared to last year within a buoyant demand environment particularly in Asia and North America. Despite some difficult local market circumstances, Latin America also performed well.<br class="hugin" />Revenue management steering generated higher yields in both full freighters and bellies, resulting in an unit revenue<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn12" name="_ftnref12" style="vertical-align: text-top;" target="_self">1</a></sup> increase by 6.7% in the quarter. </p> <p align="justify" class="hugin">The new digital customer platform is proving succesful and contributing to sales growth, with an increase in the direct sales channel. Electronic Air Way Bill (E-AWB) usage by our customers rose to a level of 73% in the third quarter 2018.</p> <p align="justify" class="hugin"><b class="hugin">Transavia: Capacity growth and a unit revenue increase offset a higher fuel bill, leading to an operating result at 178 million euros and a margin of 29%</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_5" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">Transavia</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Passengers (thousands) </td> <td align="right" class="hugin" style="border-style:none;"> 5,162 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+4.1%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 12,476 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+6.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Capacity (ASK m) </td> <td align="right" class="hugin" style="border-style:none;"> 10,082 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.8%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 24,033 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+6.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Traffic (RPK m) </td> <td align="right" class="hugin" style="border-style:none;"> 9,363 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.8%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 22,193 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+8.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Load factor  </td> <td align="right" class="hugin" style="border-style:none;"> 92.9% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+0.0 pt</i> </td> <td align="right" class="hugin" style="border-style:none;"> 92.3% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+1.7 pt</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Total passenger revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 615 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+10.6%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,302 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+12.2%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Unit revenue per ASK (€ cts) </td> <td align="right" class="hugin" style="border-style:none;"> 6.09 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+4.5%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 5.37 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Unit cost per ASK (€ cts) </td> <td align="right" class="hugin" style="border-style:none;"> 4.33 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+7.8%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 4.62 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+4.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Operating result (€m) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 178 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+5</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 181 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+28</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">Transavia carried 5.1 million passengers in the third quarter 2018, an increase of 4.1% compared to last year. Despite the tough comparable base (Q3 2017 unit revenue up 9.3%), this quarter's unit revenue increased by 4.5% compared to last year. <br class="hugin" />The third quarter 2018 operating result stood at 178 million euros, an improvement of 5 million euros compared to last year. <br class="hugin" />In particular, Transavia France delivered a very strong quarter with capacity growth of 17% combined with higher unit revenues boosting its operating margin to above 30%. </p> <p class="hugin"><b class="hugin">Maintenance: Strong increase in third-party revenues</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_6" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">Maintenance</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Total revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 1,061 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style:none;"> 3,143 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Third party revenues (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 489 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+9.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+9.7%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,430 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+7.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+14.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Operating result  (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 77 </td> <td align="right" class="hugin" style="border-style:none;"> -5 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -5 </td> <td align="right" class="hugin" style="border-style:none;"> 149 </td> <td align="right" class="hugin" style="border-style:none;"> -39 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -22 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> Operating margin (%) </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 7.2% </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">-0.6 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-0.6 pt</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 4.7% </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">-1.4 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-1.1 pt</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">Maintenance revenues increased in the third quarter 2018 compared to last year, with third-party revenues up by 9.7% at constant currency, driven by a strong performance from the Engine activity. The operating margin expressed as a percentage of total revenues stood at 7.2%, a decrease of 0.6 points at constant currency.  </p> <p align="justify" class="hugin">The Maintenance order book stood at 10.7 billion dollars at the end of the third quarter 2018, an increase of 0.3 billion dollars compared to the end of 2017, mainly driven by new Component and Engine contracts.</p> <p align="justify" class="hugin"> <b class="hugin">Air France-KLM Group: revenue growth of +4.0% and +5.8% at constant currency, operating result at 1.07 Billion euros</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_7" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="4" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="right" class="hugin" style="border-style:none;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style:none;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> <td align="right" class="hugin" colspan="2" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change</i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;" valign="top"> <b class="hugin"><i class="hugin">Change <br class="hugin" /></i></b><b class="hugin"><i class="hugin">constant currency</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Capacity (EASK m) </td> <td align="right" class="hugin" style="border-style: solid none none solid; border-width:1px;"> 98,030 </td> <td align="right" class="hugin" style="border-style: solid none none none; border-width:1px;"> <i class="hugin">+2.3%</i> </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> <i class="hugin"> </i> </td> <td align="right" class="hugin" style="border-style:none;"> 270,908 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">+1.9%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Capacity excl. Cargo (ASK m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 88,301 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+2.4%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> <td align="right" class="hugin" style="border-style:none;"> 243,247 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">+2.2%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Unit revenue per EASK (€ cts) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 6.85 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+0.5%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.4%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 6.5 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">-0.9%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.1%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Revenues (€m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 7,545 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">+4.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.8%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 19,977 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">+2.0%</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.3%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> EBITDA (€m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 1,771 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-  82 </i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">6 </i> </td> <td align="right" class="hugin" style="border-style:none;"> 3,441 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">-  352 </i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-  210 </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating result (€m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 1,065 </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-  77 </i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">11 </i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,292 </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">-  403 </i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-  267 </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating margin (%) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 14.1% </td> <td align="right" class="hugin" style="border-style:none;"> <i class="hugin">-1.6 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-0.7 pt</i> </td> <td align="right" class="hugin" style="border-style:none;"> 6.5% </td> <td align="right" class="hugin" colspan="2" style="border-style:none;"> <i class="hugin">-2.2 pt</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.7 pt</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> Net income - Group part (€m)<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn13" name="_ftnref13" style="vertical-align: text-top;" target="_self">1</a></sup> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 786 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">+145</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin"> </i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 627 </td> <td align="right" class="hugin" colspan="2" style="border-style: none none solid none; border-width:1px;"> <i class="hugin">-464</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> </tbody> </table> <p align="justify" class="hugin">In the third quarter 2018, the Air France-KLM Group operating result proved resilient, standing at 1,065 million euros, down -77 million euros compared to last year but up 11 million euros at constant currency. </p> <p align="justify" class="hugin">The strong sales performance and efforts to reduce unit cost helped to offset the major portion of the fuel and currency headwinds. Unit revenue and unit cost contributed positively with a respective 155 million euros and 55 million euros.</p> <p align="justify" class="hugin">The fuel bill including fuel hedging amounted to 1,377 million euros, up 229 million euros, and up 223 million euros at constant currency, due to the increase in the jet fuel price. The positive fuel hedge result realized in third quarter 2018 stood at 240 million euros.</p> <p align="justify" class="hugin">Currencies had a negative 128 million euro impact on revenues and a positive impact on costs of 40 million euros including currency hedging. The net impact of currencies thus amounted to a negative 88 million euros for the third quarter 2018. </p> <p align="justify" class="hugin"><b class="hugin">Unit cost down 1%, consistent with full year target range of 0 to +1%</b><br class="hugin" />On a constant currency, fuel price and pension-related expense basis, unit costs were down -1.0% in the third quarter 2018. <br class="hugin" />For the first nine months of 2018, the pay agreement signed in Air France on 19 October 2018 will have an impact of around 40 millions euros that will be booked in the fourth quarter 2018. </p> <p align="justify" class="hugin"><b class="hugin">Staff costs stable and improved labor productivity supported by capacity increase</b><br class="hugin" />Productivity, measured in EASK per FTE, increased by 0.6% while capacity increased by 2.3%. <br class="hugin" />The number of staff increased by 1,400 FTEs including +250 Pilots and +300 Cabin Crew in response to the capacity growth. Ground staff increased by 850 FTEs, mainly driven by IT Innovation department, third party activities in E&M and the Customer Centers.<br class="hugin" />Net employee costs in the third quarter 2018 were down 0.6% compared to last year. They would have been stable including the costs for the quarter of the new Air France pay agreement.</p> <p class="hugin"><b class="hugin">Net debt reduction in the first nine months of 2018</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_8" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">In € million</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Cash flow before change in WCR and Voluntary Departure Plans, continuing operations (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 1,594 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-47</i> </td> <td align="right" class="hugin" style="border-style:none;"> 3,028 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-269</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Cash out related to Voluntary Departure Plans (€m) </td> <td align="right" class="hugin" style="border-style:none;"> -12 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+15</i> </td> <td align="right" class="hugin" style="border-style:none;"> -133 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-33</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Change in Working Capital Requirement (WCR) (€m) </td> <td align="right" class="hugin" style="border-style:none;"> -823 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-168</i> </td> <td align="right" class="hugin" style="border-style:none;"> 10 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-181</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> <b class="hugin">Net cash flow from operating activities </b><b class="hugin">(€m)</b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">759</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"><i class="hugin">-200</i></b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">2,905</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"><i class="hugin">-483</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Net investments before sale & lease-back* (€m) </td> <td align="right" class="hugin" style="border-style:none;"> -554 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+43</i> </td> <td align="right" class="hugin" style="border-style:none;"> -2,042 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-179</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> <b class="hugin">Operating free cash flow </b><b class="hugin">(€m)</b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">205</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"><i class="hugin">-157</i></b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">863</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin"><i class="hugin">-662</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Reduction of lease debt </td> <td align="right" class="hugin" style="border-style:none;"> -219 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 22 </td> <td align="right" class="hugin" style="border-style:none;"> -736 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 10 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">Adjusted operating free cash flow **</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">-14</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">-135</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">127</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">-652</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><i class="hugin">* Sum of</i> '<i class="hugin">Purchase of property, plant and equipment and intangible assets' and 'Proceeds on disposal of property, plant and equipment and intangible assets' as presented in the consolidated cash flow statement.</i> <br class="hugin" /><i class="hugin">** The "Adjusted operating free cash" is Operating free cash flow" with deduction of the repayment of lease debt.</i></p> <p align="justify" class="hugin"><b class="hugin">Adjusted operating free cash flow a positive 127 million euros for the first nine months of 2018</b><br class="hugin" />The Group generated adjusted operating free cash flow of 127 million euros in the first nine months of 2018, a reduction of 652 million euros compared to last year. The decline resulted from the strike impact and a net 221 million euro increase in investments. </p> <p align="justify" class="hugin"><b class="hugin">Net debt reduction driven by adjusted operating free cash flow generation and repayment of lease debt</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_9" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In € million</i> </td> <td align="right" class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> <b class="hugin">31 Dec 2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Net debt </td> <td align="right" class="hugin" style="border-style: solid solid none solid; border-width:1px;"> 6,349 </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> 6,571 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> EBITDA<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn14" name="_ftnref14" style="vertical-align: text-top;" target="_self">1</a></sup> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> 4,425 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 4,779 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net debt/EBITDA</b><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn15" name="_ftnref15" style="vertical-align: text-top;" target="_self">1</a></sup> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">1.4 x</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">1.4 x</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin">In the third quarter 2018 the group repurchased 197 million euros of hybrid perpetual notes<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn16" name="_ftnref16" style="vertical-align: text-top;" target="_self">2</a></sup>, resulting in a net reduction of coupons by 11 million euros up to October 2020. Since these hybrid bonds had not been recognised as debt, their repurchase had a negative impact on net debt. <br class="hugin" />Despite this impact, the Group reduced net debt to 6,349 million euros ar 30 September 2018 versus 6,571 million euros at 31 December 2017. This 222 million euros reduction was driven by operating free cash flow generation and the repayment of lease debt.<br class="hugin" />The net debt/EBITDA ratio remained stable at 1.4x at 30 September 2018 compared to 31 December 2017.</p> <p align="justify" class="hugin"><b class="hugin">Both Air France and KLM delivered robust growth and margins over the Summer </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_10" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid solid none solid; border-width:1px;"> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin"> </b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> Air France Group (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 493 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-66</i> </td> <td align="right" class="hugin" style="border-style:none;"> 328 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-418</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> <i class="hugin">Operating margin (%)</i> </td> <td align="right" class="hugin" style="border-style:none;"> 10.8% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.9 pt</i> </td> <td align="right" class="hugin" style="border-style:none;"> 2.7% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-3.5 pt</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid none solid; border-width:1px;"> KLM Group (€m) </td> <td align="right" class="hugin" style="border-style:none;"> 573 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-15</i> </td> <td align="right" class="hugin" style="border-style:none;"> 960 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-7</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <i class="hugin">Operating margin (%)</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 18.4% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-1.5 pt</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 11.6% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-0.7 pt</i> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">Outlook</b></p> <p align="justify" class="hugin">The global context remains uncertain given the current geopolitical environment and rising fuel price trends.<br class="hugin" />             <br class="hugin" />As a consequence, the following guidance components have been adjusted for full year 2018:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">Capacity increase adjusted at 2.0% to 2.5% for the Passenger network.</div> </li> <li class="hugin"> <div class="hugin">The 2018 fuel bill is expected to increase by 500 million euros compared to last year<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn17" name="_ftnref17" style="vertical-align: text-top;" target="_self">1</a></sup>, and the 2019 fuel bill is expected to increase by 900 million euros compared to 2018<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn18" name="_ftnref18" style="vertical-align: text-top;" target="_self">1</a></sup>. </div> </li> <li class="hugin"> <div class="hugin">Investment plan within 2.4 billion euro to 2.6 billion euro range, mainly due to IFRS 16 shop visit capitalization adjustment and the decision to buy rather than lease engines.</div> </li> </ul> <p align="justify" class="hugin">Based on the current outlook and a demand environment that remains positively oriented, we expect Passenger network revenues to increase in the fourth quarter 2018, with long haul forward booking load factors ahead of last year and Passenger unit revenues stable at constant currency.</p> <p align="justify" class="hugin">The Group maintains unchanged the following guidance components for full year 2018:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">Unit cost target maintained at between 0% and +1.0% at constant currency, fuel and pension charges,</div> </li> <li class="hugin"> <div class="hugin">Net debt reduction compared to 31 December 2017,</div> </li> <li class="hugin"> <div class="hugin">Currency headwind of around 150 million euros.</div> </li> </ul> <p class="hugin">*****</p> <p align="justify" class="hugin">The Third Quarter 2018 financial statements have not been audited by the Statutory Auditors.</p> <p align="justify" class="hugin">The results presentation will be available at <a class="hugin" href="http://www.airfranceklm.com" target="_blank">www.airfranceklm.com</a> from 7:15 am CET on 31 October 2018.</p> <p align="justify" class="hugin">A conference call will be hosted by Benjamin Smith and Frédéric Gagey on 31 October 2018 at 8:00am CET.<br class="hugin" />To connect to the conference call, please dial:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">France: +33 (0)1 76 77 22 57 </div> </li> <li class="hugin"> <div class="hugin">Netherlands: +31 (0) 20 703 8261 </div> </li> <li class="hugin"> <div class="hugin">UK: +44 (0)330 336 9411 </div> </li> <li class="hugin"> <div class="hugin">US: +1 323 994 2093</div> </li> </ul> <p align="justify" class="hugin">Confirmation code: 2089016</p> <p align="justify" class="hugin">To listen to the audio-replay of the conference call, please dial:</p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin">France: +33 (0) 1 70 48 00 94</div> </li> <li class="hugin"> <div class="hugin">Netherlands: +31 (0) 20 721 8903</div> </li> <li class="hugin"> <div class="hugin">UK: +44 (0) 207 660 0134</div> </li> <li class="hugin"> <div class="hugin">US: +1 719-457-0820</div> </li> </ul> <p align="justify" class="hugin">Confirmation code: 2089016</p> <p class="hugin"><b class="hugin">Investor Relations                                                                                          Press</b><br class="hugin" /><b class="hugin">Marie-Agnès de Peslouan                   Wouter van Beek                                                        </b><br class="hugin" />+33 1 49 89 52 59                                 +33 1 49 89 52 60                                 +33 1 41 56 56 00<br class="hugin" /><a class="hugin" href="mailto:madepeslouan@airfranceklm.com" target="_blank">madepeslouan@airfranceklm.com</a>        <a class="hugin" href="mailto:Wouter-van.Beek@airfranceklm.com" target="_blank">Wouter-van.Beek@airfranceklm.com</a><br class="hugin" />                        <b class="hugin"><br class="hugin" clear="all" /></b><br class="hugin" /><b class="hugin">Income Statement</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_11" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="3" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In millions euros</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Sales</b> </td> <td align="right" class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">7,544</b> </td> <td align="right" class="hugin" style="border-style: solid none solid none; border-width:1px;"> <b class="hugin">7,256</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+4.0%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">19,976</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">19,588</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+2.0%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> Other revenues </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 1 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 1 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+0.0%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 1 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 1 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+0.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">Revenues</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">7,545</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">7,257</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+4.0%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">19,977</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">19,589</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+2.0%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Aircraft fuel </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -1,377 </td> <td align="right" class="hugin" style="border-style:none;"> -1,148 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+19.9%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -3,622 </td> <td align="right" class="hugin" style="border-style:none;"> -3,428 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.7%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Chartering costs </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -158 </td> <td align="right" class="hugin" style="border-style:none;"> -132 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+19.7%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -434 </td> <td align="right" class="hugin" style="border-style:none;"> -388 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+11.9%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Landing fees and en route charges </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -513 </td> <td align="right" class="hugin" style="border-style:none;"> -513 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+0.0%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -1,419 </td> <td align="right" class="hugin" style="border-style:none;"> -1,445 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Catering </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -211 </td> <td align="right" class="hugin" style="border-style:none;"> -214 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.4%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -586 </td> <td align="right" class="hugin" style="border-style:none;"> -602 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-2.7%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Handling charges and other operating costs </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -501 </td> <td align="right" class="hugin" style="border-style:none;"> -457 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+9.6%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -1,481 </td> <td align="right" class="hugin" style="border-style:none;"> -1,313 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+12.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Aircraft maintenance costs </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -586 </td> <td align="right" class="hugin" style="border-style:none;"> -594 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.3%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -1,769 </td> <td align="right" class="hugin" style="border-style:none;"> -1,779 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-0.6%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Commercial and distribution costs </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -266 </td> <td align="right" class="hugin" style="border-style:none;"> -234 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+13.7%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -776 </td> <td align="right" class="hugin" style="border-style:none;"> -700 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+10.9%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other external expenses </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -399 </td> <td align="right" class="hugin" style="border-style:none;"> -332 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+20.2%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -1,223 </td> <td align="right" class="hugin" style="border-style:none;"> -1,057 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+15.7%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Salaries and related costs </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -1,916 </td> <td align="right" class="hugin" style="border-style:none;"> -1,927 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-0.6%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -5,728 </td> <td align="right" class="hugin" style="border-style:none;"> -5,652 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+1.3%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Taxes other than income taxes </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -40 </td> <td align="right" class="hugin" style="border-style:none;"> -39 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+2.6%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -127 </td> <td align="right" class="hugin" style="border-style:none;"> -122 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+4.1%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other income and expenses </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 193 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 186 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+3.8%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 629 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 690 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-8.8%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">EBITDA</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">1,771</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,853</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-4.4%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">3,441</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">3,793</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-9.3%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Amortization, depreciation and provisions </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> -707 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -711 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-0.6%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -2,149 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -2,098 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+2.4%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Income from current operations</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">1,065</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,142</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-6.7%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,292</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,695</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-23.8%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Sales of aircraft equipment </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 3 </td> <td align="right" class="hugin" style="border-style:none;"> -2 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">nm</i> </td> <td align="right" class="hugin" style="border-style:none;"> -1 </td> <td align="right" class="hugin" style="border-style:none;"> 19 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">nm</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other non-current income and expenses </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 18 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -313 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">nm</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -5 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -326 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-98.5%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Income from operating activities</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">1,085</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">827</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+31.2%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,286</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,388</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-7.3%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cost of financial debt </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -118 </td> <td align="right" class="hugin" style="border-style:none;"> -145 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-18.6%</i> </td> <td align="right" class="hugin" style="border-style:none;"> -354 </td> <td align="right" class="hugin" style="border-style:none;"> -443 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-20.1%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Income from cash and cash equivalent </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 9 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 7 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+28.6%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 29 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 27 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">+7.4%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cost of financial debt</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">-109</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">-138</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-21.0%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">-325</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">-416</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-21.9%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other financial income and expenses </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> -61 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 164 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">nm</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -135 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 538 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">nm</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Income before tax</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">915</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">853</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+7.3%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">826</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,510</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-45.3%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Income taxes </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> -136 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -220 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-38.2%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -203 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -425 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-52.2%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net income of consolidated companies</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">780</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">633</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+23.2%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">623</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,085</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-42.6%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Share of profits (losses) of associates </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 7 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 9 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-22.2%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 6 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 16 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-62.5%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Income from continuing operations</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">787</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">643</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+22.4%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">629</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,102</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-42.9%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Net income from discontinued operations </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">nm</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -8 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-100.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net income for the period</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">787</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">642</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+22.6%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">629</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,093</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-42.5%</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Non-controlling interest </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> -1 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -2 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-50.0%</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -2 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -3 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-33.3%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net income for the period - Group part</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">786</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">641</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+22.6%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">627</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">1,091</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-42.5%</i></b> </td> </tr> </tbody> </table> <b class="hugin"><br class="hugin" clear="all" /></b> <p align="justify" class="hugin"><b class="hugin">Consolidated Balance Sheet</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_12" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <b class="hugin">Assets</b> </td> <td align="right" class="hugin" rowspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" rowspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">31 Dec 2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Goodwill </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 217 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 216 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Intangible assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 1,174 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,122 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Flight equipment </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 10,187 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 9,634 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other property, plant and equipment </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 1,462 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,418 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Right-of-use assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 5,361 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5,915 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Investments in equity associates </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 299 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 301 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Pension assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 768 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 590 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other financial assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 1,499 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,242 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deferred tax assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 255 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 422 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other non-current assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 348 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 239 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total non-current assets</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">21,570</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">21,099</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Assets held for sale </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other short-term financial assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 327 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 421 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Inventories </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 676 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 557 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Trade receivables </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2,621 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2,164 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other current assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 1,743 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,242 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cash and cash equivalents </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,891 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4,674 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total current assets</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">9,258</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">9,058</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">Total assets</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">30,828</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">30,157</b> </td> </tr> </tbody> </table> <br class="hugin" /> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_13" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <b class="hugin">Liabilities and equity</b> </td> <td align="right" class="hugin" rowspan="2" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" rowspan="2" style="border-style: solid solid none none; border-width:1px;"> <b class="hugin">31 Dec 2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Issued capital </td> <td align="right" class="hugin" style="border-style: solid solid none solid; border-width:1px;"> 429 </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> 429 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Additional paid-in capital </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 4,139 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4,139 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Treasury shares </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -67 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -67 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Perpetual </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 403 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 600 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Reserves and retained earnings </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -1,626 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -2,713 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Equity attributable to equity holders of Air France-KLM</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">3,278</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">2,388</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Non-controlling interests </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> 14 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 12 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total Equity</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">3,292</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2,400</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Pension provisions </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2,090 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2,202 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other provisions </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,248 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3,006 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Financial debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 6,019 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5,919 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Lease debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,848 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4,153 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deferred tax liabilities </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 196 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 11 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other non-current liabilities </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> 228 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 361 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total non-current liabilities</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">15,629</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">15,652</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Provisions </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 170 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 282 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Current portion of financial debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 692 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,378 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Current portion of lease debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 946 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 993 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Trade payables </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2,610 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2,365 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deferred revenue on ticket sales </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,336 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3,017 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Frequent flyer programs </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 835 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 819 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other current liabilities </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,303 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3,245 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Bank overdrafts </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> 15 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 6 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total current liabilities</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">11,907</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">12,105</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">Total equity and liabilities</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">30,828</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">30,157</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">Consolidated Statement of Cash Flows from 1<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;">st</sup> January until 30<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;">th</sup> September 2018</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_14" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">30 Sep 2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Net income from continuing operations </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 629 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,101 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Net income from discontinued operations </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -8 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Amortization, depreciation and operating provisions </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2,149 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2,098 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Financial provisions </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 93 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 91 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Loss (gain) on disposals of tangible and intangible assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -18 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -17 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Loss (gain)on disposals of subsidiaries and associates </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 1 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -2 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Derivatives - non monetary result </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 25 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 44 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Unrealized foreign exchange gains and losses, net </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 118 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -675 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Impairment </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other non-monetary items </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -283 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 213 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Share of (profits) losses of associates </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -6 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -16 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deferred taxes </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 187 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 368 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> <b class="hugin">Financial Capacity</b> </td> <td align="right" class="hugin" style="border-style: solid solid none solid; border-width:1px;"> <b class="hugin">2,895</b> </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> <b class="hugin">3,197</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <i class="hugin">Of which discontinued operations</i> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <i class="hugin">0</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">0</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> (Increase) / decrease in inventories </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -102 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -15 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> (Increase) / decrease in trade receivables </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -471 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -486 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Increase / (decrease) in trade payables </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 222 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 62 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Change in other receivables and payables </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 361 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 630 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Change in working capital requirements</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">10</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">191</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Change in working capital from discontinued operations</i> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <i class="hugin">0</i> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">0</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cash flow from operating activities</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">2,905</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">3,388</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Purchase of property, plant and equipment and intangible assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -2,138 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1,947 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Proceeds on disposal of property, plant and equipment and intangible assets </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 96 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 84 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Proceeds on disposal of subsidiaries, of shares in non-controlled entities </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 5 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Acquisition of subsidiaries, of shares in non-controlled entities </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -9 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -7 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Dividends received </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 4 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Decrease (increase) in net investments, more than 3 months </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 5 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -276 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Net cash flow used in investing activities of discontinued operations</i> </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> <i class="hugin">0</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">0</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cash flow used in investing activities</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">-2,037</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">-2,141</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Increase of capital </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Repurchase of perpetual (including premium) </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -211 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Issuance of debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 532 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 560 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Repayment on financial debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -1,182 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -801 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Payments on leases debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -736 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -746 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Decrease (increase ) in loans, net </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -52 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -74 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Dividends and coupons on perpetual paid </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -12 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Net cash flow used in financing activities of discontinued operations</i> </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> <i class="hugin">0</i> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">0</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cash flow from financing activities</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">-1,661</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">-1,062</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Effect of exchange rate on cash and cash equivalents and bank overdrafts </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -26 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Effect of exch. rate on cash and cash eq. and bank overdrafts of disc. ops.</i> </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Change in cash and cash equivalents and bank overdrafts</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">-791</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">159</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cash and cash equivalents and bank overdrafts at beginning of period </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 4,667 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3,933 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cash and cash equivalents and bank overdrafts at end of period </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,876 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4,092 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <i class="hugin">Change in treasury of discontinued operations</i> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 0 </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">Key Performance Indicators</b></p> <p align="justify" class="hugin"><b class="hugin">EBITDA </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_15" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In millions euros</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Income from current operations </td> <td align="right" class="hugin" style="border-style: solid none none solid; border-width:1px;"> 1,065 </td> <td align="right" class="hugin" style="border-style: solid solid none none; border-width:1px;"> 1,142 </td> <td align="right" class="hugin" style="border-style:none;"> 1,292 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,695 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Amortization, depreciation and provisions </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 707 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 711 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 2,149 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 2,098 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">EBITDA</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">1,771</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">1,853</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">3,441</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">3,793</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">Restated net income - Group part</b><b class="hugin">        </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_16" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Net income - Group part </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 786 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 641 </td> <td align="right" class="hugin" style="border-style:none;"> 627 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,091 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Net income from discontinued operations </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style:none;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 8 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Unrealized foreign exchange gains and losses, net </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -157 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -214 </td> <td align="right" class="hugin" style="border-style:none;"> -49 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -675 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Change in fair value of financial assets and liabilities (derivatives) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -14 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="right" class="hugin" style="border-style:none;"> -74 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -15 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Non-current income and expenses </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -21 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 315 </td> <td align="right" class="hugin" style="border-style:none;"> 6 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 307 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Depreciation of shares available for sale </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 57 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -23 </td> <td align="right" class="hugin" style="border-style:none;"> 35 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 111 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> De-recognition of deferred tax assets </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style:none;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">Restated net income - Group part</b> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">651</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">722</b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">545</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">827</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Coupons on perpetual </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -6 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -6 </td> <td align="right" class="hugin" style="border-style:none;"> -18 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -18 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">Restated net income - Group part, including coupons on perpetual (used to calculate earnings per share)</b> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">645</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">716</b> </td> <td align="right" class="hugin" style="border-style:none;"> <b class="hugin">527</b> </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">809</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> Restated net income per share (in €) </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 1.51 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 2.12 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 1.23 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 2.71 </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Return on capital employed (ROCE)</b><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftn19" name="_ftnref19" style="vertical-align: text-top;" target="_self">1</a></sup></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_17" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">30 Sep 2017</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">30 Sep 2017</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">30 Sep 2016</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Goodwill and intangible assets </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 1,390 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,329 </td> <td align="right" class="hugin" style="border-style:none;"> 1,329 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,254 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Flight equipment </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 10,187 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 9,740 </td> <td align="right" class="hugin" style="border-style:none;"> 9,740 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 8,878 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other property, plant and equipment </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 1,462 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,377 </td> <td align="right" class="hugin" style="border-style:none;"> 1,377 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1,405 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Right of use assets </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 5,361 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5,744 </td> <td align="right" class="hugin" style="border-style:none;"> 5,744 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5,778 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Investments in equity associates </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 299 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 303 </td> <td align="right" class="hugin" style="border-style:none;"> 303 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 78 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Financial assets excluding shares available for sale, marketable securities and financial deposits </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 123 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 105 </td> <td align="right" class="hugin" style="border-style:none;"> 105 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 91 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Provisions, excluding pension, cargo litigation and restructuring </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -3,002 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -2,715 </td> <td align="right" class="hugin" style="border-style:none;"> -2,715 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -2,524 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> WCR, excluding market value of derivatives </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -5,865 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -5,806 </td> <td align="right" class="hugin" style="border-style:none;"> -5,806 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -5,453 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Capital employed </b> </td> <td align="right" class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">9,955</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">10,077</b> </td> <td align="right" class="hugin" style="border-style: solid none solid none; border-width:1px;"> <b class="hugin">10,077</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">9,507</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <b class="hugin">Average capital employed (A)</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: none none none solid; border-width:1px;"> 10,016 </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid none solid; border-width:1px;"> 9,792 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Income from current operations </td> <td align="center" class="hugin" colspan="2" style="border-style: none none none solid; border-width:1px;"> 1,533 </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid none solid; border-width:1px;"> 1,883 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> - Dividends received </td> <td align="center" class="hugin" colspan="2" style="border-style: none none none solid; border-width:1px;"> -2 </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid none solid; border-width:1px;"> -3 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> - Share of profits (losses) of associates </td> <td align="center" class="hugin" colspan="2" style="border-style: none none none solid; border-width:1px;"> 10 </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid none solid; border-width:1px;"> 7 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> - Normative income tax </td> <td align="center" class="hugin" colspan="2" style="border-style: none none none solid; border-width:1px;"> -458 </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid none solid; border-width:1px;"> -561 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Income from current operations after tax (B)</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">1,083</b> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">1,326</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">ROCE, trailing 12 months (B/A)</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">10.8%</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">13.5%</b> </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Net debt </b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_18" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Balance sheet at</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">30 Sep 2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">31 Dec 2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Current and non-current financial debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 6,369 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 6,955 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deposits on aircraft under finance lease </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 4,710 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5,060 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Financial assets pledged (OCEANE swap) </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Currency hedge on financial debt </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 11 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 19 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Accrued interest </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -63 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -76 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Gross financial debt (A)</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">11,027</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">11,958</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cash and cash equivalents </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 3,891 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4,674 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Marketable securities </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 73 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 73 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cash pledges </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 264 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 269 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Deposits (bonds) </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 465 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 379 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Bank overdrafts </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> -15 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -6 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Other </td> <td align="right" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -2 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cash (B)</b> </td> <td align="right" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">4,678</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">5,387</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">Net debt (A) - (B)</b> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">6,349</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">6,571</b> </td> </tr> </tbody> </table> <p align="justify" class="hugin"><b class="hugin">Adjusted operating free cash flow</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_19" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> <i class="hugin">In million euros</i> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Net cash flow from operating activities, continued operations </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 759 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 959 </td> <td align="right" class="hugin" style="border-style:none;"> 2,905 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3,388 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Investment in property, plant, equipment and intangible assets </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -604 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -608 </td> <td align="right" class="hugin" style="border-style:none;"> -2,138 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1,947 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Proceeds on disposal of property, plant, equipment and intangible assets </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 50 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 11 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 96 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 84 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Operating free cash flow</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">205</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">362</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">863</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">1,525</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> Payments on lease debt </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> -219 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> -241 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> -736 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> -746 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">Adjusted operating free cash flow</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">-14</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">121</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">127</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">779</b> </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Unit cost: net cost per EASK</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_20" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="top"> </td> <td align="right" class="hugin" style="border-style: none solid solid solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">2017</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Revenues (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 7,545 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 7,257 </td> <td align="right" class="hugin" style="border-style:none;"> 19,977 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 19,589 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Income/(loss) from current operations (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -1,065 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1,142 </td> <td align="right" class="hugin" style="border-style:none;"> -1,292 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1,695 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Total operating expense (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 6,480 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 6,115 </td> <td align="right" class="hugin" style="border-style:none;"> 18,685 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 17,894 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Passenger network business - other revenues (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -255 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -199 </td> <td align="right" class="hugin" style="border-style:none;"> -669 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -580 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Cargo business - other revenues (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -76 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -66 </td> <td align="right" class="hugin" style="border-style:none;"> -219 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -193 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Third-party revenues in the maintenance business (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -489 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -447 </td> <td align="right" class="hugin" style="border-style:none;"> -1,430 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1,336 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Transavia - other revenues (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style:none;"> -11 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -9 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Third-party revenues of other businesses (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> -10 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -12 </td> <td align="right" class="hugin" style="border-style:none;"> -28 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -31 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cost  (in €m)</b> </td> <td align="right" class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">5,650</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">5,391</b> </td> <td align="right" class="hugin" style="border-style: solid none solid none; border-width:1px;"> <b class="hugin">16,328</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">15,745</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Capacity produced, reported in EASK* </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 98,030 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 95,844 </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 270,908 </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> 265,744 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cost per EASK (in € cents per EASK)</b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">5.76</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">5.63</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">6.03</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">5.92</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Gross change</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2.4% </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1.7% </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Currency effect on net costs (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -34 </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -377 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Change at constant currency</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3.0% </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4.2% </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Fuel price effect (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 223 </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 466 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Change on a constant currency and fuel price basis</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> -1.0% </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1.2% </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Change in pension-related expenses (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 0 </td> <td align="right" class="hugin" style="border-style:none;">   </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> 13 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Net cost per EASK on a constant currency, fuel price and pension-related expenses basis (in € cents per EASK)</b> </td> <td align="right" class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">5.76</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">5.82</b> </td> <td align="right" class="hugin" style="border-style: solid none solid none; border-width:1px;"> <b class="hugin">6.03</b> </td> <td align="right" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">5.96</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin"><i class="hugin">Change on a constant currency, fuel price and pension-related expenses basis</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin"><i class="hugin"> </i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-1.0%</i></b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin"><i class="hugin"> </i></b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">+1.1%</i></b> </td> </tr> </tbody> </table> <p class="hugin"><i class="hugin">* The capacity produced by the transportation activities is combined by adding the capacity of the Passenger network (in ASK) to that of Transavia (in ASK) and the Cargo business (in ATK) converted into EASK based on a separate fixed factor for Air France and for KLM..</i></p> <p class="hugin"><b class="hugin">Airline results</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_21" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> <b class="hugin">Air France Group</b> </td> <td align="center" class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td align="center" class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Revenue (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 4,580 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+3.5%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 12,058 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+0.4%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> EBITDA (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 951 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-69</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,695 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-403</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating result (en m€) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 493 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-66</i> </td> <td align="right" class="hugin" style="border-style:none;"> 328 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-418</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Operating margin (%)</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 10.8% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.9 pt</i> </td> <td align="right" class="hugin" style="border-style:none;"> 2.7% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-3.5 pt</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating cash flow before WCR and restructuring cash out (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 883 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-33</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,519 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-318</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <i class="hugin">Operating cash flow (before WCR and restructuring) margin</i> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 19.3% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-1.4 pt</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 12.6% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-2.7 pt</i> </td> </tr> </tbody> </table> <br class="hugin" /> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_22" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style:none;" valign="bottom"> <b class="hugin">KLM Group</b><br class="hugin" /><b class="hugin">KLM Group</b> </td> <td class="hugin" colspan="2" style="border-style:solid; border-width:1px;"> <b class="hugin">Third Quarter</b> </td> <td class="hugin" colspan="2" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Nine Months</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style:none;"> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> <b class="hugin">2018</b> </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <b class="hugin">Change</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none none solid; border-width:1px;"> Revenue (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 3,110 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.2%</i> </td> <td align="right" class="hugin" style="border-style:none;"> 8,292 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+5.0%</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> EBITDA (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 818 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-17</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,734 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">+32</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating result (en m€) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 573 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-15</i> </td> <td align="right" class="hugin" style="border-style:none;"> 960 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-7</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> <i class="hugin">Operating margin (%)</i> </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 18.4% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1.5 pt</i> </td> <td align="right" class="hugin" style="border-style:none;"> 11.6% </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-0.7 pt</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Operating cash flow before WCR and restructuring cash out (in €m) </td> <td align="right" class="hugin" style="border-style: none none none solid; border-width:1px;"> 704 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-61</i> </td> <td align="right" class="hugin" style="border-style:none;"> 1,491 </td> <td align="right" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-13</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none solid solid; border-width:1px;"> <i class="hugin">Operating cash flow (before WCR and restructuring) margin</i> </td> <td align="right" class="hugin" style="border-style: none none solid solid; border-width:1px;"> 22.6% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-3.3 pt</i> </td> <td align="right" class="hugin" style="border-style: none none solid none; border-width:1px;"> 18.0% </td> <td align="right" class="hugin" style="border-style: none solid solid none; border-width:1px;"> <i class="hugin">-1.1 pt</i> </td> </tr> </tbody> </table> <p class="hugin"><i class="hugin">NB: Sum of individual airline results does not add up to Air France-KLM total due to intercompany eliminations at Group level</i></p> <p align="justify" class="hugin"><b class="hugin">Group fleet at 30<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;">th</sup> of September 2018</b></p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_23" style="border-collapse:collapse; border-style:none;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Aircraft type</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">AF<br class="hugin" />(incl. HOP)</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">KLM <br class="hugin" />(incl. KLC & MP)</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Transavia</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Owned</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Finance  lease</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Operating lease</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">Total</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">In operation</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">Change /  </i></b><b class="hugin"><i class="hugin">31/12/17</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B747-400 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 12 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 12 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">12</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">12</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B777-300 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 43 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 10 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 25 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 22 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">57</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">57</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B777-200 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 25 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 15 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 24 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 15 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">40</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">40</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B787-9 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 13 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 12 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">19</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">19</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">4</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A380-800 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 10 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">10</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">10</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A340-300 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">6</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">6</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A330-300 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">5</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">5</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A330-200 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 15 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 8 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 11 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 12 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">23</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">23</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total Long-Haul</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">105</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">67</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">0</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">68</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">33</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">71</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">172</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">172</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">2</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B737-900 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">5</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">5</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B737-800 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 27 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 67 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 25 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 10 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 59 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">94</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">93</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">6</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B737-700 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 18 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 8 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 8 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 15 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">26</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">26</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A321 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 20 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 11 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 9 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">20</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">20</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A320 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 43 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 35 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">43</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">43</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">1</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A319 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 35 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 20 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 13 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">35</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">35</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-3</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> A318 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 18 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 12 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">18</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">18</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total Medium-Haul</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">116</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">50</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">75</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">75</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">32</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">134</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">241</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">240</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">4</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> ATR72-600 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 6 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">6</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">6</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> ATR72-500 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">2</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">2</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-1</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> ATR42-500 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 7 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">7</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">7</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-4</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Canadair Jet 1000 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">14</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">14</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Canadair Jet 700 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 11 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 11 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">11</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">8</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">-3</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Embraer 190 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 10 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 32 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 7 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 21 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">42</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">42</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">2</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Embraer 175 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 17 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">17</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">17</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">5</i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Embraer 170 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 15 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 9 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 5 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">15</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">15</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> Embraer 145 </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 18 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 14 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 4 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">18</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">13</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total Regional</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">83</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">49</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">0</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">61</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">34</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">37</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">132</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">124</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">-1</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B747-400ERF </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 3 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">3</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">3</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B747-400BCF </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 1 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">1</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">1</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;"> B777-F </td> <td align="center" class="hugin" style="border-style: none solid none solid; border-width:1px;"> 2 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> 2 </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;">   </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <b class="hugin">2</b> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin">2</i> </td> <td align="center" class="hugin" style="border-style: none solid none none; border-width:1px;"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total Cargo</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">2</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">4</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">0</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">6</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">0</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">0</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">6</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">6</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">0</i></b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: none none none solid; border-width:1px;" valign="bottom">   </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style:none;" valign="bottom"> </td> <td class="hugin" style="border-style: none solid none none; border-width:1px;" valign="bottom"> <i class="hugin"> </i> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style: solid none solid solid; border-width:1px;"> <b class="hugin">Total</b> </td> <td align="center" class="hugin" style="border-style:solid; border-width:1px;"> <b class="hugin">306</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">170</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">75</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">210</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">99</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">242</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin">551</b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">542</i></b> </td> <td align="center" class="hugin" style="border-style: solid solid solid none; border-width:1px;"> <b class="hugin"><i class="hugin">5</i></b> </td> </tr> </tbody> </table> <br class="hugin" /> <div class="hugin" style=""><br class="hugin" clear="all" /><hr align="left" class="hugin" size="1" width="33%" /> <div class="hugin" id="ftn1" style=""> <p align="justify" class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref1" name="_ftn1" style="vertical-align: text-top;" target="_self">[1]</a></sup> <i class="hugin">Since January 1<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;">st</sup>, 2018, Air France-KLM Group has applied the new accounting standards IFRS 9, 15 and 16. For the purpose of comparison, the Group consolidated financial statements have been restated as of 1st January 2017.</i></p> </div> <div class="hugin" id="ftn2" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref2" name="_ftn2" style="vertical-align: text-top;" target="_self">[2]</a></sup> <i class="hugin">Passenger and Transavia, change at constant currency </i></p> </div> <div class="hugin" id="ftn3" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref3" name="_ftn3" style="vertical-align: text-top;" target="_self">[3]</a></sup> <i class="hugin">See note page 4</i></p> </div> <div class="hugin" id="ftn4" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref4" name="_ftn4" style="vertical-align: text-top;" target="_self">1</a></sup> <i class="hugin">At constant currency</i></p> </div> <div class="hugin" id="ftn5" style=""> </div> <div class="hugin" id="ftn6" style=""> </div> <div class="hugin" id="ftn7" style=""> </div> <div class="hugin" id="ftn8" style=""> </div> <div class="hugin" id="ftn9" style=""> <p class="hugin"><a class="hugin_footnote hugin" href="#_ftnref9" name="_ftn9" style="vertical-align: text-top; font-size: 0.8em;" target="_self"> </a>1 <i class="hugin">At constant currency</i></p> </div> <div class="hugin" id="ftn10" style=""> </div> <div class="hugin" id="ftn11" style=""> </div> <div class="hugin" id="ftn12" style=""> </div> <div class="hugin" id="ftn13" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref13" name="_ftn13" style="vertical-align: text-top;" target="_self">1</a></sup> <i class="hugin">Net Income - group "one-off elements" in 2017:</i></p> <ul class="hugin" type="disc"> <li class="hugin"> <div class="hugin"><i class="hugin">Positive effect after tax of €98 million in Q3 2017 and €339 million in the first nine months 2017, resulting from IFRS 16 restatement of lease debt in dollars, </i></div> </li> <li class="hugin"> <div class="hugin"><i class="hugin">Non current expense impact of €233 million after tax in Q3 2017 related to KLM Cabin pension plan de-recognition.</i></div> </li> </ul> <p class="hugin"><i class="hugin">Excluding these incidentals, the change of the Net result, group share is of +€10 million for Q3 2018, and -€358 million for the first 9 months of 2018 compared to last year</i></p> </div> <div class="hugin" id="ftn14" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref14" name="_ftn14" style="vertical-align: text-top;" target="_self">1</a></sup> Sliding 12 months</p> </div> <div class="hugin" id="ftn15" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref15" name="_ftn15" style="vertical-align: text-top;" target="_self">2</a></sup> Of which €194.5 m as part of the tender offer launched on 3 September 2018 and  €2.2 m by agreement ("de gré à gré") at the same price</p> </div> <div class="hugin" id="ftn16" style=""> </div> <div class="hugin" id="ftn17" style=""> <p class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref17" name="_ftn17" style="vertical-align: text-top;" target="_self">1</a></sup> Based on the forward curves of 26<sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;">th</sup> of October 2018, average Brent price of USD 75 for 2018 and USD 76 for 2019, jet fuel price including into plane of USD 756 per ton 2018 and USD 799 per ton 2019 and and a EUR/USD exchange rate of 1.18 in 2018 and 1.16 in 2019</p> </div> <div class="hugin" id="ftn18" style=""> </div> <div class="hugin" id="ftn19" style=""> <p align="justify" class="hugin"><sup class="hugin" style="vertical-align: text-top; font-size: 0.8em;"><a class="hugin_footnote hugin" href="#_ftnref19" name="_ftn19" style="vertical-align: text-top;" target="_self">1</a></sup> The ROCE definition has been updated within the framework of IFRS 16 implementation. The asset value linked to the aircraft lease contracts now corresponds to the net book value of the right-of-use asset of all the lease contracts. Moreover, the "operating result, adjusted for operating leases" no longer existing having been replaced by "income from current operations" which, thanks to IFRS 16 implementation, no longer includes the financial cost of lease contracts. Finally, the Group now uses a normative income tax rate, calculated according to the tax rates applied in France and in the Netherlands.</p> </div> </div> </body></html>"/>
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NameValue
rId2223135
Request Attributes
NameValue
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bundleorg.ajax4jsf.component.ResourceBundleMap@32afcaf2
cacheActionno.hugin.hol.web.action.CacheAction@13f712f1
commonActionno.hugin.hol.web.action.CommonAction@2d47d921
companyActionno.hugin.hol.web.action.CompanyAction@2fbb40ed
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printBeanno.hugin.hol.web.bean.PrintBean@5b594750
releaseActionno.hugin.hol.web.action.ReleaseAction@2e90d8fe
webFeedActionno.hugin.hol.web.action.WebFeedAction@32be08f9
Session Attributes
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companyDetailTabFiltersno.hugin.hol.web.bean.filter.CompanyDetailTabFilters@5a9f86c7
cssBeanno.hugin.hol.web.bean.CssBean@4b6d3903
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filterParamsno.hugin.hol.web.bean.FilterParams@21296af3
headerFiltersno.hugin.hol.web.bean.filter.HeaderFilters@7a669af
homepageTabFiltersno.hugin.hol.web.bean.filter.HomepageTabFilters@2521fd79
i18nUiBeanno.hugin.hol.web.bean.I18nUiBean@54bf89ea
messageMailActionno.hugin.hol.web.action.MessageMailAction@3e2b1f7c
releaseArchiveTabFiltersno.hugin.hol.web.bean.filter.ReleaseArchiveTabFilters@a74e207
searchActionno.hugin.hol.web.action.SearchAction@20140c05
searchFirmsBeanno.hugin.hol.web.bean.SearchFirmsBean@8cc2134
searchReportsBeanno.hugin.hol.web.bean.SearchReportsBean@6e7a0fae
searchRequestno.hugin.hol.common.dto.SearchRequestDto@4333bcbc
webFeedBeanno.hugin.hol.web.bean.WebFeedBean@43c7e4fb
Application Attributes
NameValue
None
Nov 14, 2018 6:13:55 PM - Generated by MyFaces - for information on disabling or modifying this error-page, see Server error handling