Air France-KLM: key decisions approved by the Shareholders’ Meeting of June 3, 2026

The Air France-KLM Annual General Shareholders’ Meeting was held on Wednesday June 3, 2026 at 14h30 at the Hilton Paris CDG Airport Hotel, 8 rue de Rome, 93290 Tremblay-en-France. It was broadcast live via webcast on the Air France-KLM website. It is also possible to watch it at any time on replay via the following link: https://voda.akamaized.net/airfrance/ag-2026-en/

During this Combined Ordinary and Extraordinary Shareholders’ Meeting, where more than 6,367 shareholders were present or represented, all of the proposed resolutions were adopted. In addition to approving the financial statements for the year ended December 31, 2025 and allocating the net result, the Shareholders’ Meeting adopted the following resolutions:

Appointments/Re-appointments:

• Mrs. Florence Parly, Chair of the Board of directors of Air France-KLM, was re-appointed as a Board director for a four-year term of office (resolution 5);
• Mr. Michel Delli-Zotti was re-appointed as Board director representing employee and former employee shareholders (category of line pilots and former line pilot shareholders) for a four-year term of office (resolution 6);
• Mr. Nicolas Foretz was re-appointed as a Board director representing employee and former employee shareholders (category of ground staff and cabin crew employee and former employee shareholders) for a four-year term of office (resolution 7);
• Acknowledgement of the expiry of the term of office of KPMG SA as Statutory Auditor responsible for the certification of financial statements and appointment of Deloitte & Associés as Statutory Auditor responsible for the certification of financial statements (resolution 8);
• Acknowledgement of the expiry of the term of office of KPMG SA as Statutory Auditor responsible for the certification of sustainability-related information and appointment of Deloitte & Associés as Statutory Auditor responsible for the certification of sustainability-related information (resolution 9);

Approval of related party agreement and commitments relating to: 

• an amendment to the transatlantic joint venture agreement between Air France-KLM, Air France, KLM, Delta Air Lines Inc., and Virgin Atlantic Airways Ltd (resolution 4) ; 

Compensation:

• Approval of the information on the compensation of 2025 of each of the corporate officers required by Article L. 22-10-9 I of the French commercial Code (resolution 10);
• Approval of the elements of compensation paid in the financial year 2025 or granted in respect of that financial year to Ms Anne-Marie Couderc in her capacity as Chair of the Board of Directors until June 4, 2025, to Ms Florence Parly in her capacity as Chair of the Board of Directors from June 4, 2025, and the Chief Executive Officer (resolutions 11,12 and 13);
• Approval of the 2026 compensation policy of the non-executive corporate officers, the Chair of the Board of Directors and the Chief Executive Officer (resolutions 14 to 16).

Financial authorizations/delegations: 

Authorization granted to the Board of Directors, with powers to subdelegate, to implement the share buyback program in accordance with the limits and conditions set out in the relevant resolution (resolution 17);

• Approval of resolutions authorizing capital increase reserved for employees limited to 3% of the share capital (resolutions 18 and 19);
• Authorization granted to the Board of Directors to reduce capital by canceling treasury shares (resolution 20).

Amendment of the Article of Incorporation:

• Ratification of the amendment to paragraph 4 of Article 30 of the Articles of Incorporation relating to General Meetings, in order to bring it into compliance with the new regulatory provisions (resolution 21). 

The detailed results of the voting and all the documentation relating to the Shareholders’ Meeting are available on the Air France-KLM website (https://www.airfranceklm.com/en/finance/shareholders/shareholders-meeting).