About Barfield Precision Electronics, LLC
Air France-KLM is a holding company made up of two national airlines. Together, Air France-KLM is the fourth-largest airline in Europe after Ryanair Group, Deutsche Lufthansa, and IAG and one of the largest in the world. The company flies over 100 million customers and 1.1 million tons of cargo each year to around 390 destinations in nearly 160 countries. It has some 555 aircraft. Air France and KLM fly independently out of the company's hubs in Paris and Amsterdam. The group also operates transatlantic joint ventures with partners Delta Air Lines, and Virgin Atlantic and is a member of the SkyTeam alliance with about 20 other airlines, including Korean Air, AeroMexico, China Airlines, and Kenya Airways. About a third of revenue comes from France.
Air France-KLM offers passenger transportation, cargo transportation, and aircraft maintenance services and transports over 100 million passengers and 1.1 million tons of cargo annually. It has a fleet of around 555 aircraft in operation. Some 80% of its total cargo tonnage is carried in the bellies of its passenger aircraft, and around 20% in the full - freighter fleet.
The company's single operating segment consists of four businesses. Its Network business is its primary passenger and cargo business that operates under the brands Air France and KLM and domestic operators Air France HOP and KLM Cityhopper. It generates more than 85% of sales.
Its low-cost Transavia airline accounts for more than 5% of sales and flies customers in the Netherlands and France to some 130 Middle Eastern, European and North African destinations. Transavia has a fleet of nearly 75 primarily B737-800 aircraft. Air France-KLM's Maintenance unit also generates nearly 10% of total revenue and serves both Air France-KLM and third parties with maintenance, repair, and overhaul services. Its three main areas or service are airframe maintenance, engine maintenance, and component support (electronic, mechanical, pneumatic, and hydraulic).
The Air France-KLM network is organized around its hubs at Paris-Charles de Gaulle and Amsterdam-Schiphol airports. With these two major hubs, the company links Europe to the rest of the world, spanning more than 310 destinations across around 115 countries.
About 30% of its revenue comes from France and the remaining 70% comes from international operations.
Note: Growth rates may differ after conversion to US Dollars.
Revenues stood at €27.2 billion, up by 4% versus 2018 restated, notably thanks to the strong revenue growth in the low - cost and maintenance businesses.
The company's net income in 2019 decreased by €130 million to €290 million, from €420 million in the prior year. The decrease was primarily due to the increase on their external expenses and salaries and related costs.
Cash at the end of fiscal 2019 was €3.7 billion, an increase of €131 million from the prior year. Cash from operations contributed €3.9 billion to the coffers, while investing activities used €3.3 billion, mainly for purchases of property, plant, and equipment. Financing activities used another €447 million for payments on debts and leases.
Five orientations have been identified to achieve the Air France?–?KLM Group's goals and build on the important 2019 achievements in terms of brand, fleet and product simplification.
The optimization of the Air France?–?KLM model will enable a reduction in operating costs and increased efficiency, taking full advantage of the Group's assets. Increasing commercial and fleet flexibility is a Group priority allowed by continuous and trustful social discussions. A number of changes have already been approved and launched, enabling fleet, product and cabin optimization, and offering growth opportunities for Transavia France.
Simplifying and renewing the fleet is an important part of these changes implemented by the Group. By reducing the number of aircraft types and adjusting cabin layouts the Group will gain greater operational flexibility (operations, marketing, catering, maintenance) and economies of scale.
The formation of the Air France?–?KLM Group offers the opportunity to capitalize on the international reach of each airline while continuing to build synergies. Leveraging this potential will be key in the coming years. Much has already been accomplished and has proven to be to the benefit of all our airlines. The synergies have concerned sales, revenue management, strategic alliances, IT, cargo and maintenance. Some areas can be further built on and will constitute the next focus such as Fleet & network, Human Resources, Commercial & Alliances, Purchasing & Procurement, Digital & Data Management.
KLM was established in 1919 as Koninklijke Luchtvaartmaatschappij with service in the Netherlands and colonies. In 1920, it operated its first flight between London and Amsterdam and later introduced new regular routes serving Amsterdam, Rotterdam, Brussels, Paris, and London, then expanded to Bremen, Copenhagen, and Malmö. KLM's fleet then consisted of the Fokker aircraft.
Air France dates back to 1933 with the merger of the five French airlines Air Union, Air Orient, Société Générale de Transport Aérien (SGTA), CIDNA, and Aéropostale.
The two companies merged in 2004 creating what is now Air France-KLM, a holding company made up of two national airlines.
2200 NW 84th Ave
Doral, FL 33122-1518
Phone: 1 (305) 436-5464
Employer Type: Privately Owned
Inventory Management and Information Technology Director: Karim Daoudalmadowar
Member: Benito Quevedo
Employees (This Location): 120
Employees (All Locations): 300