GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
A

Air France KLM AF.PA · EUR

Industrials · Euronext Paris · 🇫🇷 France

Compare

13.93

+2.96%

Close of 9 Nov 2026, in EUR

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in EUR, from our data supplier.

FY2025

Revenue

€33.01bn

FY2016FY2025

Net income

€1.59bn

FY2016FY2025

Free cash flow

€115.0m

FY2016FY2025

Shareholders' equity

−€983.0m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue€33.01bn€31.46bn€30.02bn€26.39bn€14.31bn€11.09bn€27.19bn€26.52bn€25.78bn€24.85bn
Gross profit€3.94bn€4.99bn€6.17bn€7.97bn€3.10bn€1.0m€8.69bn€8.92bn€8.64bn€7.94bn
Operating income€2.04bn€1.20bn€1.68bn€816.0m−€2.72bn−€6.29bn€745.0m€1.06bn−€469.0m€1.46bn
Net income€1.59bn€317.0m€934.0m€728.0m−€3.27bn−€7.03bn€290.0m€409.0m−€274.0m€792.0m
Diluted earnings per share5.751.215.015.67-22.25-65.652.723.89-2.5710.85

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets€39.45bn€36.16bn€34.49bn€32.30bn€30.68bn€30.21bn€30.73bn€29.06bn€24.41bn€22.93bn
Cash and short-term investments€6.04bn€5.98bn€6.19bn€7.23bn€6.80bn€6.71bn€4.20bn€3.63bn€4.81bn€4.00bn
Total liabilities€38.36bn€35.36bn€35.07bn€34.78bn€34.50bn€35.63bn€28.44bn€27.19bn€21.39bn€21.64bn
Debt€15.40bn€14.50bn€13.51bn€14.69bn€16.11bn€18.65bn€11.18bn€11.03bn€12.16bn€8.37bn
Shareholders' equity−€983.0m−€1.76bn−€3.13bn−€3.00bn−€3.82bn−€5.43bn€2.28bn€1.85bn€3.00bn€1.28bn
Shares outstanding277m263m186m128m147m107m107m105m107m73m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations€4.56bn€3.50bn€3.13bn€4.86bn€1.53bn−€2.83bn€3.90bn€3.71bn€2.90bn€2.24bn
Capital spending−€4.45bn−€3.73bn−€3.55bn−€2.97bn−€2.20bn−€2.10bn−€3.37bn−€2.76bn−€2.31bn−€2.07bn
Free cash flow€115.0m−€232.0m−€426.0m€1.88bn−€668.0m−€4.92bn€523.0m€954.0m€586.0m€167.0m
Dividends paid−€2.0m−€1.0m−€90.0m−€252.0m−€1.0m—−€26.0m−€38.0m−€38.0m−€38.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue€9.28bn€7.48bn€8.19bn€9.21bn€8.44bn€7.17bn€7.88bn€8.98bn
Gross profit€1.87bn€491.0m€826.0m€1.75bn€2.17bn€1.33bn€1.29bn€2.59bn
Operating income€504.0m−€74.0m€403.0m€1.23bn€1.13bn−€112.0m€396.0m€1.19bn
Net income€154.0m−€287.0m€550.0m€711.0m€606.0m−€292.0m−€63.0m€780.0m
Diluted earnings per share0.59-1.091.992.572.19-1.05-0.242.97
Cash from operations€996.0m€1.52bn€925.0m€922.0m€1.12bn€1.91bn€928.0m€918.0m
Capital spending−€970.0m−€940.0m−€1.11bn−€1.03bn−€1.10bn−€1.21bn−€797.0m−€864.0m
Free cash flow€26.0m€582.0m−€183.0m−€104.0m€20.0m€692.0m€131.0m€54.0m
Total assets€41.61bn€42.89bn€39.45bn€38.53bn€38.35bn€37.46bn€36.16bn€34.90bn
Cash and short-term investments€5.96bn€7.25bn€6.04bn€5.01bn€6.31bn€5.82bn€5.98bn€5.71bn
Debt€4.16bn€5.71bn€6.15bn€2.52bn€13.94bn€13.63bn€14.53bn€13.04bn
Shareholders' equity€651.0m€993.0m−€983.0m−€1.49bn−€816.0m−€1.95bn−€1.76bn−€1.72bn

Financial ratios

Data as of 24 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin11.9%15.8%20.5%30.2%21.7%0.0%
Operating margin6.2%3.8%6.1%3.4%-20.2%-57.5%
Net margin4.8%1.0%3.1%2.8%-22.8%-63.4%
Return on equity-162.1%-18.0%-29.9%-24.2%85.4%129.4%
Return on assets4.0%0.9%2.7%2.3%-10.6%-23.3%
Free cash flow yield327.1%276.4%359.7%612.3%255.7%-68.3%
Revenue growth4.9%4.8%13.7%84.4%29.1%-59.2%
Earnings growth402.5%-66.1%28.3%-122.3%-53.5%-2522.4%
Current ratio0.62x0.65x0.74x0.81x0.91x0.84x
Debt to equity-6.26x-3.56x-1.74x-2.74x-2.72x-2.47x
Equity ratio-2.5%-4.9%-9.1%-9.3%-12.5%-18.0%
Interest coverage3.51x1.97x2.04x1.31x-4.40x-11.00x
Buybacks as a share of market value-5.4%-40.8%-45.2%12.5%-37.2%-0.3%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.7%24.4%2.4%
Operating income35.6%—6.2%
Net income29.8%—29.7%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin13.8%19.1%17.9%23.8%
Operating margin5.0%4.7%-2.2%0.2%
Net margin3.0%3.0%-4.6%-1.9%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings2.06.72.72.2-0.9-0.418.412.3-26.72.4
Price to sales0.10.10.10.10.20.30.20.20.30.1

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 14 Jul 2008.

FY2008FY2007FY2006FY2005FY2004FY2003FY2002FY2001
Paid in the year2.9252.4211.5130.7570.3780.3031.6140.707
  • 10-to-1 reverse split · 31 Aug 2023
  • 1-to-1 reverse split · 7 Dec 2001
  • 1-to-1 reverse split · 2 Apr 1993
  • 5-for-1 split · 22 Mar 1993

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.