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AIRFRANCE KLM GROUP The Group's results improved compared to last year ; although still impacted by travel restrictions : ● SECOND QUARTER 2021 Operating result at -752 million euros , EBITDA at -248 million euros Adjusted operating free cash flow positive at 210 million euros thanks to strong ticket sales Revenue at 2,750 million euros , up 1,568 million compared to last year Operating result at -752 million euros , up 801 million euros compared to last year ● EBITDA loss reduced to -248 million euros ● Net income at -1,489 million euros , including negative impact of the derecognition of the KLM ground pension fund Restructuring programs showing improved results and structural benefits increased to 2.1 billion July 30 , 2021 euros The group increased its capital by 1 billion euros , converted the direct French State loan of 3 billion euros into perpetual hybrid instruments and issued a Senior bond of 800 million euros of which the cash will be received in the Third quarter Net debt at 8.3 billion euros , down by 2.7 billion euros compared to end of 2020 thanks to the first set of capital strengthening measures OUTLOOK Since June , first signs of recovery are visible in the booking trend thanks to waived or eased travel restrictions in Europe due to the rise of vaccination rate across all countries . The reopening of the North Atlantic for americans citizens to visit Europe also resulted in an improved booking trend . In this context , the Group expects capacity in Available Seat Kilometers for Air France - KLM Network passenger activity at index in the range of 60 % to 70 % in the Third quarter 2021 compared to 2019 . Due to the uncertainty of the reopening of the North Atlantic for European citizens and uncertainty concerning travel restrictions waiving , no capacity guidance will be provided for the Fourth quarter 2021 . The Air France - KLM Group continues to focus on its transformation projects in order to reduce its costs and on cash and equity . During the Annual General Meeting in May 2021 , extraordinary resolutions were approved by the shareholders , providing the Board of Directors large flexibility to restore equity . These resolutions could include instruments such as rights issuance , vanilla quasi equity and equity - linked instruments in order to restore balance sheet and re - profile debt redemptions . Early July , Air France - KLM signed and executed an EMTN Program for a total issuance size of 4.5 billion euros . Air France - KLM Group Passengers ( thousands ) Passenger Unit revenue per ASK² ( € cts ) Operating result ( € m ) Net income - Group part ( € m ) Adj . operating free cash flow ( € m ) Net debt at end of period³ ( € m ) Second quarter 2021 7,028 3.83 -752 -1,489 210 Change¹ + 477.1 % + 0.8 % +801 +1,123 +1,711 Half year 2021 11,847 3.39 -1,931 -2,970 -1,134 8,344 Change -38.7 % -37.6 % +437 +1,443 +1,193 -2,705 1 The second quarter 2020 was highly impacted by worldwide lockdown 2 Passenger unit revenue is the aggregate of Passenger network and Transavia unit revenues , change at constant currency 3 See appendix for the calculation of the net debt 1