Air France-KLM NYSE: AKH is an airline company established under French law and with its headquarters at Roissy-Charles de Gaulle Airport near Paris. This company is the largest airline company in the world in total operating income, and the world’s third-largest in passenger-kilometers. Air France-KLM was formed on May 5, 2004 with the merger between Air France and KLM Dutch (peaceful takeover of KLM by Air France). In 2005 its CEO Jean-Cyril Spinetta is, the former CEO of Air France.
Both Air France and KLM continue to operate with their own names, a subsidiary of Air France-KLM. However, this situation will change in the future.
In 2005 total operating revenues of Air France-KLM reached 19.08 billion euros (U.S. $ 23.98 billion), with net profit of 351 million euros (U.S. $ 441 million), an increase of 20.2% over the previous year. Air France-KLM is a company with the largest gains in Europe, as a comparison of American Airlines had operating revenues of U.S. $ 18.64 billion, but suffered a net loss of U.S. $ 761 million
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