Air France-KLM provided earnings guidance for the first quarter of 2021. For the period, as expected, the group continued to be negatively impacted by the COVID crisis, notably by the surge of a third wave of the pandemic in several European countries and by the continuation of air travel restrictions taken by a significant number of countries. Based on the accounting results of January and February and on the reforecast made at the end of each month, the group expects the operating result for the first quarter of 2021 to be around negative EUR 1.3 billion. It should be noted that in the first two months of 2021, operating result was significantly better than the group's budgeted assumptions.