Owned Finance lease Operating lease. 4 Medium-haul fleet T otal Air France fleet

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Kevin Welch
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1 FLEET AS OF 31 DECEMBRE AIR FRANCE FLEET B B / B / A A Long-haul fleet B B Cargo A A A A B Medium-haul fleet T otal Air France fleet REGIONAL FLEET B R IT AIR Canadair Jet Canadair Jet F Total CITY JET BAE /300* AVRO RJ Total sub-leased by KLM REGIONAL BEECH 1900-D EMB EMB145-EP/MP EMB135-ER EMB120-ER F F Total Total Regional fleet OTHER FLEET TRANSAVIA FRANCE B Total Air France Group

46 45 46 A318 18 18 18 18 18 18 B737-500 2 2 4 4 Medium-haul fleet 102 100 4 4 43 43 149 147 149 147 T otal Air France fleet 164 163 12 12 85 85 261 260 256 254 REGIONAL FLEET B R IT AIR Canadair Jet

2 FLEET AS OF 31 DECEMBER KLM FLEET B B MD A B Long-haul fleet B Cargo B B B B Medium-haul fleet Total OTHER FLEET TRANSAVIA Netherlands B B Total REGIONAL FLEET KLM Cityhopper F F F Total Total Regional fleet KLM Group Air France-KLM Group

20 47 48 47 48 Total 25 26 48 47 32 34 105 107 104 107 OTHER FLEET TRANSAVIA Netherlands B737-800 6 1 7 7 4 10 17 18 17 18 B737-700 5 5 5 5 10 10 10 10 Total 6 1 12 12 9 15 27 28 27 28 REGIONAL FLEET

3 INCOME STATEMENT FROM APRIL 1, TO DECEMBER 31, 3 rd quarter (October to December) 9 months (April to December) Variation Variation SALES ,9% ,1% Other revenues 0 1 na 3 4 na EXTERNAL EXPENSES ,0% ,8% fuel ,5% ,7% Chartering costs ,6% ,6% operating lease costs ,7% ,9% Landing fees and en route charges ,2% ,7% Catering ,5% ,6% Handling charges and other operating costs ,6% ,1% maintenance costs ,6% ,0% Commercial and distribution costs ,4% ,1% Other external expenses ,0% ,7% Salaries and related costs ,7% ,7% Taxes other than income taxes ,0% ,5% Amortization and depreciation ,7% ,4% Provisions -8-1 na ,2% Other income and expenses na 1-1 na INCOME FROM CURRENT OPERATIONS ,4% ,9% Sales of aircraft equipment -1 5 na ,0% Sales of subsidiaries 4-1 na 45 na Other non-current income and expenses 14 6 na na INCOME FROM OPERATING ACTIVITIES ,2% ,4% Income from cash and cash equivalents ,2% ,6% Cost of financial debt ,1% ,0% Net cost of financial debt ,0% ,2% Foreign exchange gains (losses), net na na Change in fair value of financial assets and liabilities na na Other financial income and expenses 5-8 na ,0% INCOME BEFORE TAX ,3% ,7% Income taxes ,0% ,4% NET INCOME OF CONSOLIDATED COMPANIES ,5% ,9% Share of profits (losses) of associates -5 8 na na INCOME FROM CONTINUING OPERATIONS ,9% ,5% Net income from discontinued operations NET INCOME FOR THE PERIOD ,9% ,5% Minority interest ,0% na NET INCOME FOR THE PERIOD - GROUP ,3% ,3%

-152-148 2,7% -457-453 0,9% Landing fees and en route charges -426-425 0,2% -1 341-1 306 2,7% Catering -118-104 13,5% -356-319 11,6% Handling charges and other operating costs -338-317 6,6% -1

4 CONSOLIDATED BALANCE SHEETS Assets December 31, March 31, Goodwill Intangible assets Flight equipment Other property, plant and equipment Investments in equity associates Pension assets Other financial assets (1) Deferred tax assets Other non-current assets Total non current assets Other short term financial assets (2) Inventories Trade accounts receivable Income tax receivables - 7 Other current assets Cash and cash equivalents Total current assets Total assets (1) which includes 794 million of deposits related to financial leases as of December 31, and 835 million as of March 31, (2) which includes 392 million of deposits related to financial leases and investments between 3 months and 1 year as of December 31, and 631 million as of March 31, Liabilities and equity December 31, March 31, Issued capital Additional paid-in capital Treasury shares (110) (30) Reserves and retained earnings Equity attributable to equity holders of Air France-KLM Minority interest Total Equity Provisions and retirement benefits Long-term debt Deferred tax Other non-current liabilities Total non-current liabilities Provisions Current portion of long-term debt Trade accounts payable Deferred revenue on ticket sales Current tax liabilities Other current liabilities Bank overdrafts Total current liabilities Total liabilities Total liabilities and equity

short term financial assets (2) 443 689 Inventories 510 360 Trade accounts receivable 2 253 2 610 Income tax receivables - 7 Other current assets 1 838 1 271 Cash and cash equivalents 4 863 3 497

5 CONSOLIDATED STATEMENTS OF CASH FLOWS Period from April 1 to December 31, 2006 Net income for the period Group Minority interests 18 (6) Amortization, depreciation and operating provisions Financial provisions 8 16 Gain on disposals of tangible and intangible assets (32) (16) Loss / (gain) on disposals of subsidiaries and associates (45) (1) Gain on WAM (Amadeus GTD) transaction (284) - Derivatives non monetary result (36) 45 Unrealized foreign exchange gains and losses, net 1 (14) Share of (profits) losses of associates non monetary part 16 (23) Deferred taxes Other non-monetary items (120) (103) Subtotal (Increase) / decrease in inventories (83) (11) (Increase) / decrease in trade receivables Increase / (decrease) in trade payables Change in other receivables and payables (275) (178) Payment of the ESA 2003 soulte (110) - Additional contribution to pension fund (198) - Net cash flow from operating activities Acquisitions of subsidiaries and investments in associates, net of cash acquired (74) (23) Purchase of property, plant and equipment and intangible assets (1 718) (1 709) Proceeds on disposal of subsidiaries and investments in associates Proceeds on WAM (Amadeus GTD) transaction Proceeds on disposal of property, plant and equipment and intangible assets Dividends received 4 6 Decrease (increase) in investments, net between 3 months and 1 year Net cash used in investing activities (1 004) (1 392) Increase in capital Decrease in capital (10) - Issuance of long-term debt Repayments on long-term debt (329) (449) Payment of debt resulting from finance lease liabilities (543) (498) New loans (62) (40) Repayments on loans Dividends paid (137) (82) Net cash flow from financing activities Effect of exchange rate on cash and cash equivalents and bank overdrafts 4 (3) Change in cash and cash equivalents and bank overdrafts Cash and cash equivalents and bank overdrafts at beginning of period Cash and cash equivalents and bank overdrafts at end of period

transaction (284) - Derivatives non monetary result (36) 45 Unrealized foreign exchange gains and losses, net 1 (14) Share of (profits) losses of associates non monetary part 16 (23) Deferred taxes

FINANCIAL YEAR 2011. NINE MONTHS (APRIL-DECEMBER 2011) Revenues up 4.1% to19.04 billion euros Positive operating result of 50 million euros

FINANCIAL YEAR 2011. NINE MONTHS (APRIL-DECEMBER 2011) Revenues up 4.1% to19.04 billion euros Positive operating result of 50 million euros March 8 th, 2012 FINANCIAL YEAR 2011 2011: A TOUGH YEAR Economic environment and geopolitical crises weigh on activity Insufficient level of unit revenues to absorb higher fuel bill Revenues up 4.5% to