Air France 2009 Annual Report Download - page 16

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Responsiveness
in the face
of the crisis
Adapting to the operating environment, reinforcing our fundamentals,
preserving our strengths, planning for the future and respecting our
commitments are key to our strategy for weathering the economic crisis.
Adopting a pragmatic approach and…
As of the beginning of the 2008-09 financial year, given the rise in the oil price, the Group
had anticipated a slowdown in demand for air transportation, opting for a moderate and
flexible increase in capacity. With the deterioration in the economic environment leading to
weaker demand in both the passenger and cargo activities and, in the absence of a rapid
economic recovery, the Group has significantly reduced its capacity while preserving the
integrity of the network and the efficiency of the hubs. For the Summer 2009 season, the
reduction in capacity is 4.5% in the passenger activity and 11% in cargo. As a result, the
Group has adapted its fleet plan. While the modernization of the fleet continues with the
arrival of new aircraft, the Group has negotiated the deferral of aircraft deliveries, thus
scaling back its investment program and preserving its cash.
…respecting our commitments
While the crisis reduces visibility, it does
not call into question the commitments
made by the Air France-KLM group.
Building a sustainable relationship with
customers, promoting a responsible
social policy, combating climate change,
reducing its environmental footprint and
contributing to regional development
remain the values at the heart of the
Group’s sustainable development policy.
14 Air-France KLM - Annual report 2008-09