Air France-KLM Management
Management criteria checks 3/4
Air France-KLM's CEO is Ben Smith, appointed in Sep 2018, has a tenure of 7.08 years. total yearly compensation is €2.86M, comprised of 36.5% salary and 63.5% bonuses, including company stock and options. directly owns 0.028% of the company’s shares, worth €843.24K. The average tenure of the management team and the board of directors is 5.4 years and 6.5 years respectively.
Key information
Ben Smith
Chief executive officer
€2.9m
Total compensation
| CEO salary percentage | 36.50% |
| CEO tenure | 7.1yrs |
| CEO ownership | 0.03% |
| Management average tenure | 5.4yrs |
| Board average tenure | 6.5yrs |
Recent management updates
Recent updates
Air France-KLM SA (EPA:AF) Held Back By Insufficient Growth Even After Shares Climb 33%
Aug 24
Air France-KLM SA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Aug 05When Should You Buy Air France-KLM SA (EPA:AF)?
Jul 30Fewer Investors Than Expected Jumping On Air France-KLM SA (EPA:AF)
Jul 09Air France-KLM's (EPA:AF) Returns On Capital Are Heading Higher
Jun 18Air France-KLM (EPA:AF) Takes On Some Risk With Its Use Of Debt
Apr 07Earnings Miss: Air France-KLM SA Missed EPS By 53% And Analysts Are Revising Their Forecasts
Mar 09Market Participants Recognise Air France-KLM SA's (EPA:AF) Revenues Pushing Shares 50% Higher
Mar 07Air France-KLM (EPA:AF) Has Some Way To Go To Become A Multi-Bagger
Feb 24Should You Investigate Air France-KLM SA (EPA:AF) At €8.01?
Dec 16Air France-KLM SA (EPA:AF) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Nov 10Take Care Before Diving Into The Deep End On Air France-KLM SA (EPA:AF)
Oct 20Slowing Rates Of Return At Air France-KLM (EPA:AF) Leave Little Room For Excitement
Sep 23Is Air France-KLM SA (EPA:AF) Potentially Undervalued?
Aug 28Air France-KLM SA Just Missed Earnings - But Analysts Have Updated Their Models
Jul 28Market Still Lacking Some Conviction On Air France-KLM SA (EPA:AF)
Jun 26Air France-KLM SA's (EPA:AF) CEO Compensation Is Looking A Bit Stretched At The Moment
May 30Investors Met With Slowing Returns on Capital At Air France-KLM (EPA:AF)
May 24Analyst Estimates: Here's What Brokers Think Of Air France-KLM SA (EPA:AF) After Its First-Quarter Report
May 03Does Air France-KLM (EPA:AF) Have A Healthy Balance Sheet?
Apr 17€15.16: That's What Analysts Think Air France-KLM SA (EPA:AF) Is Worth After Its Latest Results
Mar 04Unpleasant Surprises Could Be In Store For Air France-KLM SA's (EPA:AF) Shares
Feb 28Is It Time To Consider Buying Air France-KLM SA (EPA:AF)?
Feb 01A Look At The Fair Value Of Air France-KLM SA (EPA:AF)
Jan 11Slowing Rates Of Return At Air France-KLM (EPA:AF) Leave Little Room For Excitement
Dec 20Air France-KLM SA's (EPA:AF) Business Is Yet to Catch Up With Its Share Price
Nov 24Is There Now An Opportunity In Air France-KLM SA (EPA:AF)?
Oct 28An Intrinsic Calculation For Air France-KLM SA (EPA:AF) Suggests It's 45% Undervalued
Jul 07Returns On Capital Signal Difficult Times Ahead For Air France-KLM (EPA:AF)
Jun 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | €957m |
| Mar 31 2025 | n/a | n/a | €474m |
| Dec 31 2024 | €3m | €1m | €244m |
| Sep 30 2024 | n/a | n/a | €63m |
| Jun 30 2024 | n/a | n/a | €209m |
| Mar 31 2024 | n/a | n/a | €597m |
| Dec 31 2023 | €4m | €900k | €772m |
| Sep 30 2023 | n/a | n/a | €2b |
| Jun 30 2023 | n/a | n/a | €1b |
| Mar 31 2023 | n/a | n/a | €783m |
| Dec 31 2022 | €4m | €900k | €591m |
| Sep 30 2022 | n/a | n/a | -€172m |
| Jun 30 2022 | n/a | n/a | -€762m |
| Mar 31 2022 | n/a | n/a | -€3b |
| Dec 31 2021 | €4m | €900k | -€3b |
| Sep 30 2021 | n/a | n/a | -€4b |
| Jun 30 2021 | n/a | n/a | -€6b |
| Mar 31 2021 | n/a | n/a | -€7b |
| Dec 31 2020 | €3m | €745k | -€7b |
| Sep 30 2020 | n/a | n/a | -€6b |
| Jun 30 2020 | n/a | n/a | -€4b |
| Mar 31 2020 | n/a | n/a | -€1b |
| Dec 31 2019 | €4m | €900k | €273m |
| Sep 30 2019 | n/a | n/a | -€79m |
| Jun 30 2019 | n/a | n/a | €331m |
| Mar 31 2019 | n/a | n/a | €340m |
| Dec 31 2018 | €2m | €263k | €395m |
Compensation vs Market: Ben's total compensation ($USD3.36M) is above average for companies of similar size in the French market ($USD2.24M).
Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.
CEO
Ben Smith (54 yo)
Mr. Benjamin M. Smith, also known as Ben, is Vice-Chair of the Board of WestJet Airlines Ltd. Mr. Smith has been Chief Executive Officer at Air France-KLM SA since September 17, 2018 and has been its Direc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 7.1yrs | €2.86m | 0.028% € 843.2k | |
| Chief Financial Officer | 4.3yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Executive Vice President of Marketing | 2.8yrs | no data | no data | |
| Senior Vice President of Caribbean & Indian Ocean | 9.2yrs | no data | no data | |
| Executive Vice President of Engineering & Maintenance | 8.9yrs | no data | no data | |
| Chief Executive Officer of Air France | 6.7yrs | no data | no data | |
| Executive VP & Chief Commercial Officer | 5.8yrs | no data | no data | |
| Executive Vice President of Strategy & Transformation | 5yrs | no data | no data | |
| CEO & President of KLM | 3.3yrs | no data | no data | |
| Executive Vice President of Information Systems | 2.8yrs | no data | no data | |
| Corporate Secretary | no data | no data | no data |
Experienced Management: AF's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.8yrs | €2.86m | 0.028% € 843.2k | |
| Independent Director | 12.4yrs | €57.00k | 0.000040% € 1.2k | |
| Representative Director | 4.7yrs | €49.50k | no data | |
| Independent Director | 9.4yrs | €59.50k | 0.000040% € 1.2k | |
| Independent Director | 8.4yrs | €60.00k | 0.00061% € 18.4k | |
| Independent Director | 7.9yrs | €45.00k | 0.000040% € 1.2k | |
| Independent Non-Executive Chairwoman | 9.4yrs | €212.21k | 0.00015% € 4.5k | |
| Director | 6.3yrs | €36.50k | 0.00030% € 9.1k | |
| Independent Director | 1.8yrs | €42.83k | 0.000040% € 1.2k | |
| Director | 5.4yrs | €49.50k | 0.00015% € 4.5k | |
| Independent Director | 4.4yrs | €49.67k | 0.00013% € 3.9k | |
| Employee Representative Director | 3.8yrs | €52.00k | no data |
Experienced Board: AF's board of directors are considered experienced (6.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/03 12:43 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Air France-KLM SA is covered by 46 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Wilmer | ABN AMRO Bank N.V. |
| Ricardo Benevides Freitas | Banco Santander |
| Andrew Lobbenberg | Barclays |