Air France-KLM group's consensus as of july 28th, 2008

Data collected directly from "sell-side" analysts from July 17th to July 28th, 2008

Fiscal years                 (€m)	Number  of  answers	Median	Average	Maximum	Minimum
Revenues
2008-09	15	25,252	25,235	25,617	24,910
2009-10	15	26,386	26,347	27,192	25,439
2010-11	15	27,897	27,681	29,110	26,249
Operating income
2008-09	15	909	863	1,059	612
2009-10	15	785	768	1,300	240
2010-11	15	862	784	1,495	-15
Net income
2008-09	15	566	552	737	318
2009-10	15	494	489	929	97
2010-11	15	565	485	1,039	-408
Capex
2008-09	14	2,500	2,479	2,850	2,210
2009-10	14	2,800	2,745	2,993	2,276
2010-11	13	2,863	2,700	3,044	1,800
Dividend per share(*)
2008-09	15	0.46	0.48	0.70	0.26
2009-10	15	0.45	0.46	0.80	0.12
2010-11	15	0.50	0.49	0.80	0.10

(*)€ cts

The consensus is composed of the forecasts of sell-side analysts who follow Air France-KLM on a regular basis.

This information is collected directly from the broking firms and published by the Investor Relations department of Air France-KLM. It is provided solely for information purposes and should under no circumstances de regarded as validation by Air France-KLM of many of these forecasts. It does not represent the opinion of Air France-KLM or anyone employed by it. In consequence, Air France-KLM cannot be held responsible for any of the information of data contained in or omitted from this table.

This information does not constitute an incitement to purchase or sell shares or to undertake any type of transaction. We invite all investors to consult with their financial intermediary or advisor.