Air France-KLM contributes 70 billion euros to the economy of France and the Netherlands

Air France-KLM contributes 70 billion euros to the economy of France and the Netherlands
Air France-KLM contributes 70 billion euros to the economy of France and the Netherlands

The Group estimates that 552,570 jobs have been created in France and 267,996 jobs in the Netherlands directly and indirectly.

On the occasion of its twentieth anniversary, the Air France-KLM Group reported that at the end of fiscal year 2023 it generated a net income of 0.9 billion euros (mde) and its total economic impact is estimated at 48.9 billion euros in France and 21.9 billion billion in the Netherlands

The company presented the results of an impact study designed to quantify and analyze the socioeconomic benefits generated by its activity in France and the Netherlands. Professor Herbert Castéran, professor and director of the Institut Mines Télécom Business School, was in charge of preparing this document, which is divided into three groups of analysis: passenger transport, cargo and aircraft maintenance.

The study concludes that for every euro invested, the Air France-KLM group generates 3.6 euros in the French economy and 3.4 euros in the Dutch economy; which in turn materialize in the form of direct investment, creation of direct and indirect jobs, and expenses with local suppliers and service providers.

In addition to its economic and financial impact, the Air France-KLM Group also contributes significantly to the creation of skilled jobs that cannot be relocated.

In 2022 and 2023, respectively, the various entities of the Air France-KLM Group recruited between 4,000 and 5,000 permanent employees, including pilots, flight attendants and mechanics. This dynamic will continue in 2024, particularly for aircraft and pilot maintenance activities. The Group is also particularly active in supporting access to employment for young people, through apprenticeship programs and support for associations that promote inclusion.

The impact study estimated that 552,570 jobs in France and 267,996 jobs in the Netherlands depend on the activity of Air France-KLM, equivalent to the population of Lyon in France and Eindhoven in the Netherlands. These numbers include direct jobs (employees working directly for the Air France-KLM Group, around 46,000 in France and 26,000 in the Netherlands); indirect jobs (in related sectors such as suppliers, subcontractors and service providers); as well as jobs induced by the Group’s activity, for example, in tourism. These jobs support the local economies of France and the Netherlands.

Furthermore, the study highlights that each direct job created by the Group generates 11 additional jobs in France. In the Netherlands, the impact is also very positive: for every job created by the Group, 9.2 additional jobs are created in the Dutch economy.

 
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