Air France 2007 Annual Report Download - page 4

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2
2006-07
Chairman’s message
Dear Shareholder,
This financial year draws to a close the first phase of the
merger between Air France and KLM which has resulted
in significant value creation for the Group and for our
shareholders. Within a context characterized by a high oil
price, our profitable growth strategy has enabled us, in
three years, to multiply our operating income by a factor
of 3.4. This first phase has been applauded by the media,
appreciated by analysts and valued by the markets.
Furthermore, Air France-KLM’s recent entry into the Paris
CAC 40 index marks the recognition of the significant
economic role played by the air transport sector and the
achievement of the Group as a whole.
Air France-KLM is currently amongst the best performing
companies world-wide in terms of profitability.
This success was supported by an excellent global
economic environment but also by making the right
strategic choices. The remarkable spirit of cooperation
established between the two companies, the mutual
respect which inspired the trust and support of our
employees all contributed to the creation of the global
leader in air transport.
This position comes with a number of responsibilities,
which we must now assume. For our customers, we
must provide effective, innovative solutions worthy of their
continued confidence in and, for many, loyalty to our
services. The new terminals that will come into operation
over the next two years at CDG will help us achieve our
objective of making our services the benchmark
standards in our sector.