Air France-KLM Group Reports Fourth Quarter 2025 Net Profit of €585 Million
- Joe Breitfeller
- 3 days ago
- 3 min read
Air France-KLM Group has reported a fourth quarter 2025 net profit on €585 million on a year-over-year increase in revenue of 3.9 percent to €8.2 billion.
On Thursday (February 19, 2026), Air France-KLM Group reported their fourth quarter and full year financial results for the period ending December 31, 2025. The Group reported a fourth quarter net profit on €585, up €606 million compared to the same period last year, on a year-over-year increase in revenue of 3.9 percent to €8.2 billion. Air France-KLM Group’s fourth quarter revenue per available seat kilometer (RASK) declined versus the same period last year by (0.5) euro cents, while cost per available seat kilometer (CASK) decreases (1.1) percent to 8.10 euro cents.
In Thursday’s announcement, Air France-KLM Group’s CEO, Benjamin Smith, said,
“In 2025, Air France-KLM delivered a robust performance in a challenging environment. Our airlines carried over 100 million passengers and generated an operating result of more than €2 billion – a first in our history. We advanced our premiumization strategy through enhanced customer experiences across our airlines —including new cabins, high-speed Wi-Fi, and lounges around the world — all while making significant progress toward our sustainability ambitions thanks to fleet renewal and increased SAF usage. Despite ongoing external uncertainty, we approach 2026 with confidence and a commitment to executing our strategic roadmap with rigor and discipline in order to reach our medium-term goals. I would like to thank our employees for their dedication and our customers for their continued trust.”
For the full year 2025, the Group reported a net profit of €1.75 billion, up €1.27 billion for FY 2024, on a year-over year increase in revenue of 4.9 percent to €33.0 billion. The Group’s full year revenue per available seat kilometer (RASK) decreased (0.2) percent to 8.80 euro cents, while cost per available seat kilometer (CASK) increases 1.2 percent to 8.10 euro cents. T December 25, 2025, Air France-KLM Group had €9.4 billion in available cash.
On July 4, 2025, Air France-KLM announced that it will initiate proceedings to take a majority stake in SAS. The Group currently holds a 19.9% stake in the Scandinavian carrier and since the summer of 2024, it has implemented a commercial cooperation between SAS, Air France and KLM in the form of extended codeshare and interline agreements, further strengthened by SAS joining the SkyTeam alliance. Provided all the necessary conditions are met, Air France-KLM would fully acquire the stakes held by Castlelake and Lind Invest, bringing its own stake to 60.5 percent. The Danish State would retain a 26.4 percent stake in SAS and its seats on the Board of Directors.
Air France-KLM announced on October 23, 2025 that they have purchased a stake in WestJet from their joint venture partner Delta Air Lines, which had taken a 15 percent minority stake, as part of a previously announced separate transaction also involving Korean Air’s purchase of a 10 percent interest. The shares purchased by all three airlines represent a 25 percent combined interest (Delta Air Lines: 12.7%, Korean Air: 10% and Air France-KLM: 2.3%), sold by funds and co-investors affiliated with Onex Partners, a Canadian investor and alternative asset manager which is WestJet’s controlling shareholder.
The Group continues to take delivery of new generation aircraft such as Airbus A350s, Boeing 787-10s, A320neo Family aircraft, A220s and Embraer 195-E2s. These new generation aircraft consume up to 25 percent less fuel per passenger kilometer and reduce the noise footprint by up to 63 percent compared to the previous generation aircraft they replace. As of December 31, 2025, 35 percent of the Group’s fleet consisted of new-generation aircraft, up 8.0 percent compared to year-end 2024.
Source: Air France-KLM Group
