Dividend policy

The Group’s objective is to have a sustained dividend policy, subject to the growth in net income excluding exceptional items. 
For the 2012 financial year, considering the focus given to the reduction of net debt in the framework of the Transform 2015 plan, the Board of Directors opted not to propose a dividend payment. 

Since the creation of the group, Air France-KLM paid the following dividends:

  Dividend paid
 (in €)
Earnings per share
 (in €)
Date of payment
2012 - (4.03) -
2011  - (2.73) 
2010-11 2.08 -
2009-10 - (5.30) -
2008-09 - (2.76) -
2007-08 0.58 2.63 July 17, 2008
2006-07 0.48 3.35 July 18, 2007
2005-06 0.30 3.47 July 18, 2006
2004-05 0.15 1.36 July 19, 2005