The group, which also includes budget airline Transavia, saw 2019 operating income fall €264 million to €1.14 billion, with net income at €290 million, down €130 million.
Group chief executive Benjamin Smith said: “In 2019, the Air France-KLM Group posted an operating result at €1,141 million with a fuel bill hit and pressure on cargo unit revenues.”
The fuel bill, including hedging, stood at €5.5 billion in 2019, up €550 million. “This increase is mainly explained by a hedging gain of €50 million this year compared to a hedging gain of €650 million last year,” the company said.
