Air France-KLM SA (0LN7), the Franco-Dutch airline group, has published its monthly declaration of voting rights and total share capital in accordance with French regulatory requirements. As at 31 October 2026, the company recorded 262,769,869 shares in issue alongside a theoretical voting rights count of 375,176,232. The disclosure is a routine obligation under Article L.233-8 II of the French Code of Commerce and Article 223-16 of the Autorité des marchés financiers (AMF) general rules. Investors tracking ownership structures and double voting rights entitlements may find the figures relevant when assessing shareholder influence within the group.

Key Points

  • Air France-KLM SA (0LN7), the Franco-Dutch international airline group listed on Euronext Paris
  • The company declared 262,769,869 total shares and 375,176,232 theoretical voting rights as at 31 October 2026
  • The theoretical voting rights figure includes all voting rights, incorporating double voting rights held by qualifying long-term shareholders
  • Investors should watch for any month-on-month changes in the share count or voting rights total in subsequent monthly disclosures

Air France-KLM's October 2026 Share Capital and Voting Rights Figures Explained

The announcement confirms that as at 31 October 2026, Air France-KLM SA held 262,769,869 shares in issue. The theoretical voting rights total of 375,176,232 is notably higher than the share count, reflecting the existence of double voting rights attached to certain qualifying shares. Under French company law, shareholders who have held registered shares continuously for a specified period may be entitled to double voting rights, meaning the theoretical voting rights figure will typically exceed the number of shares outstanding. The attached document referenced in the announcement is labelled "PR voting rights_31 Oct."

French Regulatory Framework Requiring Air France-KLM's Monthly AMF Disclosure

Air France-KLM is required to publish this information monthly under Article L.233-8 II of the French Code of Commerce and Article 223-16 of the AMF's general rules. These provisions oblige listed companies to disclose their total number of shares and voting rights at the end of each month, ensuring transparency for investors and market participants. The AMF framework is designed to maintain an accurate and publicly accessible record of the capital and voting structure of companies listed on French-regulated markets, supporting informed shareholder decision-making throughout the year.

Double Voting Rights Structure at Air France-KLM and Its Significance for Shareholders

The gap between Air France-KLM's 262,769,869 shares in issue and the theoretical voting rights figure of 375,176,232 highlights the material impact of the group's double voting rights structure. The announcement explicitly states that theoretical voting rights include all voting rights, including double voting rights. This structure can concentrate effective voting power among long-standing registered shareholders, including state investors such as the French and Dutch governments, both of which have historically held significant stakes in the group. Investors monitoring governance dynamics within Air France-KLM may consider these voting rights disparities when evaluating shareholder influence at general meetings.