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  "documentTitle": "2025 Q4 Results Presentation",
  "authorId": "Air-France-KLM",
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  "notes": "The table shows capacity, revenue, operating result, and margin changes for the group and its segments.",
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      "text": "NB: Sum of individual airline results does not add up to Air France-KLM total due to intercompany eliminations at Group level. 1) Flying Blue Miles total gross turnover, including third party airline and non-airline partners revenue",
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      "text": "Air France: The operating margin declined -1.1 point compared to the fourth quarter 2024 driven by a higher fuel price, higher ETS cost and maintenance cost. KLM: The operating result increased by €27 million to €78 million with a 2.4% margin as a result of lower unit cost. The Back on Track program contributed to this margin improvement and the long-haul capacity increased by almost 6 percent compared to the fourth quarter last year. Flying Blue: Revenues continued to grow year-on-year, despite weaker USD, thanks to volumes.",
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      "text": "Q4 2025 vs Q4 2024 performance table for Air France, KLM, Flying Blue, and Group",
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      "text": "OPERATING RESULT BROADLY STABLE",
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