Alexandre de Juniac Chairman and Chief Executive Officer of the Air France-KLM Group.
When we launched the Transform 2015 plan, the situation of the Air France-KLM Group was very worrying: debt had tripled in four years, losses were mounting and the product was starting to fall short of the best industry standards. Thanks to Transform 2015, we managed to completely reverse this situation: we reduced our debt by just over one billion euros, we returned to structural profitability (since without the Air France pilots’ strike the Group would have generated a three hundred million euro profit) and we invested one billion euros in upgrading the product. Our strategy was the right one and we kept our promises. Transform was an undeniable success and this success is to the credit of the men and women working for Air France-KLM. They can be proud of their efforts which have put our Group back in the race and will enable us to post a positive result in 2015. At the same time, however, the market and the competition have also continued to make strides. And while we have partly caught up, we need to pursue our efforts to regain both our leadership position and the commercial and financial performance which is key to our long-term future and independence. Beyond these efforts which we plan to intensify, the European and international authorities must understand the importance of the implementation of balanced and transparent competition rules without which there can be no level playing field from Europe, in Europe and to Europe.