Air France 2008 Annual Report Download - page 85

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85
Joint-venture
Joint company with two partners, often owned equally
with 50% each. This type of shareholder structure notably
allows the implementation of technological or industrial
alliances in order to undertake specific projects common
to both partner companies.
Load factor
Revenue passenger-kilometers (RPK) divided by available
seat-kilometers (ASK). In the cargo activity this is revenue-
kilometers transported (RTK) divided by available
ton-kilometers (ATK).
Multi-hub
System linking several hubs, allowing customers to
access the networks developed from each hub, thus
multiplying the round-trip offer to world-wide destinations.
Net income, Group share
Corresponds to the share of operating income reverting to
shareholders after net financial charges, exceptional items
and taxation. Net income can be distributed in the form of
dividends or retained as reserves, thus increasing the
company’s stockholders’ equity.
OCEANE
Bonds convertible into new or existing shares.
Operating income
Operating income is the amount remaining after operating
expenses (external expenses, payroll costs, amortization
and provisions) have been deducted from revenues. It
shows what the company earns from its principal activity
before the impact of financial and exceptional items.
Point-to-point traffic
Traffic between two airports, excluding all passengers
connecting with another flight.
Self-service check-in kiosk
Self-service check-in kiosks, available in airport departure
halls, allow passengers to check in and print their own
boarding cards independently, without having to go to a
check-in counter.
Sub-fleet
All the aircraft of the same type, with identical technical
and commercial characteristics (engines, cabin
configuration etc.)
Unit revenue
In the passenger business, corresponds to the revenue
for one available seat or paying passenger carried over
one kilometer. In the cargo business, corresponds to the
revenue for one available ton or one ton carried over one
kilometer.