The crash of 2020, a cataclysm for Air France-KLM
Up to 2017, Air France-KLM had been recording upward performance for several years. The number of passengers was even increasing steadily between 2015 and 2019. However, with the entry into force of the confinements and border closures at the end of winter 2020, the number of passengers fell sharply. Passengers revenue, who had also increased over the same period, fell sharply in 2020.
In addition to that, Air France KLM Group's maintenance revenue recorded a sharp decline in 2020. After peaking in 2019 at 4.6 billion euros, revenue fell to 2.8 billion euros the following year.
The Lufthansa Group still holds the first place at an European level
Before the crisis, Air France-KLM was behind the German aviation group, Lufthansa. In 2019, the Lufthansa Group transported a total of 145 million passengers while also increasing its revenue in 2019. The Lufthansa group is also attaining more revenues from its cargo segment given its seventeen-aircraft strong cargo fleet . But, the German group was also hit hard by the crisis. The number of flights decreased from around 107,000 in September 2019 to 33,000 in September 2020.