Driving an operating profit for the company's passenger business, traffic increased 3.2 percent year over year on 2.6 percent additional capacity. Yet, passenger unit revenue declined nearly 2 percent from the prior-year period. Air France-KLM board chair Alexandre de Juniac in a statement indicated the company's
Transform 2015 recovery plan "is fully on track with cost reduction measures, the industrial plan and initiatives to win back our customers all underway within the planned timeframe. For the past year our results have improved quarter after quarter, in spite of the persistently tough economic environment." However, he indicated that "revenues remain below target at this stage, and the turnaround of the medium-haul and cargo businesses in particular is taking longer than expected. As a result, further measures will be adopted in both businesses in the fall to ensure that, on completion of our plan, we will have met our cost and debt reduction objectives, paving the way for a return to growth."