Air France Klm 2010-2011

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O P E N & C O M M I T T E D

Registration Document 2010-11

Selected financial information

2

1 2 3 4

Corporate governance
1.1 1.2 1.3 The Board of Directors The Group Executive Committee Stock market and shareholders

5
6 28 29

5

Financial report
5.1 5.2 5.3 5.4 5.5 Investments and financing Property, plant and equipment Comments on the financial statements Key financial indicators Consolidated financial statements Statutory Auditors’ report on the consolidated financial statements Statutory financial statements Notes

123
124 126 129 133 138

Activity
2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Highlights of the 2010-11 financial year Market and environment Strategy Passenger business Cargo business Maintenance business Other businesses Highlights of the beginning of the 2011-12 financial year Fleet

31
32 33 36 39 47 51 56 58 59

5.6 5.7 5.8 5.9

Notes to the consolidated financial statements 145 224 226 228 239 240 241

5.10 Five-year financial summary 5.11 Statutory Auditors’ report on the financial statements 5.12 Statutory Auditors’ report on regulated agreements and commitments

Risks and risk management
3.1 3.2 3.3 3.4 Risk management process Risk factors and their management Market risks and their management Report of the Chairman of the Board of Directors on corporate governance, internal control and risk management for the 2010-11 financial year Statutory Auditors’ report on the report prepared by the Chairman of the Board of Directors

67
68 69 75

6

Other information
6.1 6.2 6.3 6.4 6.5 History General information Information relating to the share capital Information on trading in the stock Information on the agreements concluded in connection with the business combination between Air France and KLM Information relating to the agreements concluded with Alitalia-Compagnia Aerea Italiana (Alitalia-CAI) Legislative and regulatory environment for the air transport industry Information and control

245
246 248 249 255

258

80

6.6

3.5

261 263 267

88

6.7 6.8

Social and environmental data
4.1 4.2 4.3 4.4 4.5 4.6 4.7 Social data Note on the methodology for the reporting of the social performance indicators Social indicators for the Group Environmental data Note on the methodology for the reporting of the environmental indicators Environmental indicators for the Group Statutory Auditor’s Report on a selection of environmental and social indicators published in Air France - KLM Group’s “2010-11 Registration Document” and “2010-11 Corporate Social Responsibility Report” for the year ended December 31, 2010

89
90 98 102 108 113 116

Glossaries Tables of concordance

269 274

120

Registration Document 2010-11
Air France-KLM
This Registration Document includes the annual financial report

This Registration Document is an unofficial translation of the French Document de Référence, which was filed with the French Autorité des Marchés Financiers on June 15, 2011, pursuant to article 212-13 of the AMF General Regulations. This unofficial translation has been prepared by Air France-KLM for the information and convenience of English-speaking readers and has not been reviewed or registered with the AMF. No assurances are given as to the accuracy or completeness of this translation, nor any responsibility assumed for any misstatement or omission that may be contained therein. The French Document de Référence may be used for the purposes of a financial transaction if supplemented with an offering memorandum approved by the AMF. In the event of any ambiguity or discrepancy between this unofficial translation and the French Document de Référence, the French version shall prevail.

Registration Document 2010-11



Air France-KLM

1

Selected financial information

Selected financial information

Pursuant to article 28 of Regulation (EC) no.809/2004 of April 29, 2004, the review of the financial situation and results for the financial year ended...
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