Air France

The TPA rankings are based on proprietary methodology, using metrics developed by AVIATION WEEK in collaboration with partners in the airline industry. The rankings and detailed analysis examine, in the context of broad industry trends, companies’ performance within their peer groups.
Air France - KLM
Trailing 12 Months
47.5
TOTAL SCORE
Fiscal Yr End- March 31
2011
2010
2009
2008
TOTAL SCORE/Category Results (weighting to TS)
Liquidity (20%)
Fuel Cost Management (10%)
Financial Health (30%)
Earnings Performance (30%)
Asset Utilization (10%)
Y‐O‐Y TS Points Change
47.5
53.4
45.0
38.7
39.4
37.5
19.9
27.6
42.9
49.2
27.8
8.3
38.3
‐23.3
50.9
49.6
55.4
37.4
46.4
42.5
‐18.4
69.3
69.5
57.2
69.4
44.5
48.9
3.9
OPERATING STATISTICS
RPMs (000,000)
ASMs (000,000)
Load Factor
Fully Allocated Breakeven LF
Yield (Total Revenues)
Revenues/Headcount (US$000)
EBITDAR/Headcount (US$000)
RASM (Total Revenues)
CASM (Operating Costs)
RPMs‐ASMs Y‐O‐Y
RASMs‐CASMs Y‐O‐Y
125,522 125,522 129,480 128,481 122,439 117,337 104,779
155,627 155,627 162,412 159,011 150,416 145,495 133,056
81.6%
80.7%
79.7%
80.8%
81.4%
80.6%
78.7%
76.2%
87.1%
73.3%
68.0%
70.1%
69.4%
7.9%
$0.246
$0.236
$0.260
$0.266
$0.242
$0.222
$0.229
$306
$277
$315
$327
$287
$255
$235
$13
$19
$27
$48
$49
$41
$46
$0.201
$0.190
$0.208
$0.215
$0.197
$0.179
$0.180
$0.184
$0.202
$0.188
$0.180
$0.166
$0.151
$0.015
1.2%
1.1%
‐1.4%
‐0.8%
1.0%
2.6%
2.0%
14.3%
‐16.0%
‐7.4%
0.4%
‐0.2% ‐906.6%
22.4%
FINANCIAL SUMMARY (in US$millions)
Total Revenues
Operating Income (Loss)
Net Earnings (Loss)
Cash & Accts Receivable
Total Assets Stockholders' Equity
$31,208
‐$90
$436
$9,410
$41,103
$9,722
$29,637
‐$1,814
‐$2,201
$8,016
$37,551
$7,251
2007
65.4
55.5
67.7
62.3
47.4
62.3
14.8
$33,707 $34,189 $29,582
‐$283
$2,054
$1,969
‐$1,145
$1,061
$1,142
$8,963 $12,309
$9,648
$38,200 $48,506 $35,500
$7,464 $16,775 $11,047
2006
50.6
48.1
65.9
59.3
23.9
57.8
14.5
$26,095
$1,460
$1,111
$8,299
$32,143
$9,388
2005
36.0
47.2
69.2
45.6
80.8
76.3
$23,990
$615
$441
$7,225
$27,949
$6,707
SELECTED METRICS Liquidity
Liquidity Measure
Implicit Borrowing Capacity
Unrestricted Cash/ASMs
1.420
1.683
0.036
1.261
1.641
0.030
1.488
2.164
0.043
1.482
1.855
0.033
1.481 1.436
1.597 1.934
0.030 0.023
Fuel Cost Management
EBITDAR / Average Jet A
Y‐O‐Y Liquidity / Average Jet A
Solvency Measure / Average Jet A
6.301
0.586
4.690
11.768 17.246 16.831
(0.157) (0.772) 0.014
3.638 4.728 5.033
23.613
0.004
7.269
21.491 27.554
0.160 (0.108)
7.854 7.255
Financial Health
Solvency Measure
Fixed Charge Coverage
Net Debt
1.008 0.612 0.796
(1.183) (1.105) 0.061
0.443 0.544 0.475
1.562
2.764
0.371
1.546 1.249
2.205 1.178
0.407 0.676
Earnings Performance
Y‐O‐Y RASM‐CASM + Y‐O‐Y RPMs‐ASMs
EBITDAR Margin
Y‐O‐Y Yield
0.155 (0.149) (0.088) (0.004) 0.008 (9.039) 0.245
4.3%
6.7%
8.6%
14.8%
17.2%
16.2%
19.8%
4.1%
‐9.3%
‐2.2%
10.1%
8.6%
‐2.9%
52.2%
Asset Utilization
Cash Flow Return On Investment
4.3%
4.5%
1.295
1.904
0.032
5.4%
1.509
6.267
0.293
6.9%
AVIATION WEEK copyright 2011, The McGraw‐Hill Companies, Inc. All rights reserved
9.9%
8.9%
13.1%
2004

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