Previous Close | 1.8550 |
Open | 1.7000 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's Range | 1.7000 - 1.7000 |
52 Week Range | 1.1400 - 2.0100 |
Volume | |
Avg. Volume | 1,495 |
Market Cap | 4.553B |
Beta (5Y Monthly) | 1.83 |
PE Ratio (TTM) | 1.55 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Jul 14, 2008 |
1y Target Est | N/A |
(Bloomberg) -- Air France-KLM left investors guessing about the strength of its recovery, abstaining from a full-year profit forecast and trimming its capacity prediction as French air-traffic control strikes and engine shortages inject uncertainty into the outlook.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveHeavy Marijuana Use Increases Schizophrenia in Men, Study FindsApple Buoys Wall Street, Keeping Doubts on Future Growth at BayJPMorgan Sees
Investing.com -- Shares in Air France KLM SA (EPA:AIRF) slipped in midday European trading on Friday, after the carrier reported a larger-than-anticipated first-quarter loss despite strong summer bookings.
British Airways-owner IAG and Air France-KLM reported bumper summer bookings as travellers pressed ahead with holiday plans despite a cost-of-living crisis, though IAG's boss warned strikes and lack of staff could still disrupt major airports. European airlines and airports are under pressure to avoid a repeat of last summer's chaotic scenes that marred the return to mass travel after the freeze caused by the COVID-19 pandemic. IAG, which also owns Iberia, Vueling and Aer Lingus, said on Friday strong ticket sales for summer and a winter season that beat expectations meant 2023 profit would come in above its previous forecasts.
Air France-KLM on Friday reported a steeper than expected operating loss for the first quarter and trimmed its capacity outlook for 2023 despite strong summer bookings, dragging its shares 4% lower. "The first quarter is always a loss-making quarter and we were also hold back by the current operational climate," finance chief Steven Zaat told analysts in a call. Zaat cited air control strikes in France, the grounding of aircrafts for maintenance at low-cost unit Transavia and ongoing staff issues at Amsterdam's Schiphol airport.
Air France-KLM on Friday reported better-than-expected first-quarter revenue and robust cash flow as it benefited from a global recovery in air travel and strong summer ticket sales. Airlines and airport operators are benefiting from a strong traffic recovery and rising travel demand, despite high inflation and an uncertain economic outlook. Air France-KLM said it did not see an impact from the cost- of-living crisis, pointing to more than 1.5 billion euros in ticket sales over the first quarter and to a strong demand across its network.
The new financing arrangement if complete will help strengthen Air France-KLM’s and Air France’s balance sheet, the group said in a press release. Air France-KLM and Apollo Global Management entered into a similar solution last year where the private equity firm invested 500 million euro in the company to help repay French state aid. Earlier in April, Air France KLM agreed to revolving credit facilities (RCF) worth 2.2 billion euros, adding that these are linked to environmental, social and governance (ESG) targets.
PARIS (Reuters) -A French public prosecutor is appealing a court decision which cleared European planemaker Airbus and Air France of "involuntary manslaughter" over a 2009 plane crash. A French court had earlier this month cleared the two companies of the charge relating to the crash, when a plane from Rio de Janeiro to Paris vanished during an Atlantic storm. Families of those who died had sought to establish criminal liability for France's worst air disaster and the trial focused on whether Airbus had reacted too slowly and whether Air France had done enough to ensure its pilots were sufficiently trained.
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A French court on Monday cleared European planemaker Airbus and Air France of "involuntary manslaughter", upsetting families of some of the 228 people killed when an airliner vanished into an Atlantic storm almost 14 years ago. The ruling follows a historic public trial over the crash in pitch darkness of flight AF447 en route from Rio de Janeiro to Paris on June 1, 2009, and ends a battle by families to establish criminal liability for France's worst air disaster. Announcing the verdict, Paris judge Sylvie Daunis listed four acts of negligence by Airbus and one by Air France but told a packed courtroom these were not enough under French criminal law to establish a definitive link to the loss of the A330.
PARIS (Reuters) -A French court on Monday cleared European planemaker Airbus and Air France of "involuntary manslaughter", upsetting families of some of the 228 people killed when an airliner vanished into an Atlantic storm almost 14 years ago. The ruling follows a historic public trial over the crash in pitch darkness of flight AF447 en route from Rio de Janeiro to Paris on June 1, 2009, and ends a battle by families to establish criminal liability for France's worst air disaster. Announcing the verdict, Paris judge Sylvie Daunis listed four acts of negligence by Airbus and one by Air France but told a packed courtroom these were not enough under French criminal law to establish a definitive link to the loss of the A330.
At least three European airlines are laying the groundwork for potential bids for Portugal's flag-carrier TAP, sounding out local communications agencies and legal advisers as a new CEO prepares to take over, according to sources and media reports. Finance minister Fernando Medina said in February the government was doing preliminary work for the privatisation process. Lufthansa, Air France-KLM and British Airways owner IAG are seen as potential buyers.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Air France-KLM SA (AFLYY) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Amsterdam's Schiphol Airport plans to cut late-night flights as part of attempts to reduce noise pollution, newspaper Het Parool reported on Monday, citing the airport's CEO. Plans for the airport to be rolled out in the coming two years include closing it almost completely between midnight and 5 a.m., the report citing CEO Ruud Sondag said. A spokesperson for Schiphol could not immediately be reached to confirm the report, which said the airport is also planning to ban noisier airplanes and private jets.
Here is how Air France-KLM SA (AFLYY) and Global Ship Lease (GSL) have performed compared to their sector so far this year.
Aircraft around the world consume around 100 billion gallons of fuel every year, and only a very small portion of this is sustainable aviation fuel
Air France-KLM SA (AFLYY) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Here is how Air France-KLM SA (AFLYY) and Alaska Air Group (ALK) have performed compared to their sector so far this year.
KLM and other airlines on Friday said they are suing the Dutch government over plans to cap the number of annual flights allowed at Amsterdam's Schiphol Airport, saying it would hurt them, the Dutch economy and travellers. The dispute comes as Schiphol continues to struggle with staffing problems and pits the airline's financial interests against concerns from residents and environmentalists about noise and air pollution at Europe's third-busiest airport. A spokesperson for KLM, the Dutch arm of the Air France-KLM Group, which accounts for 60% of flights at Schiphol, said the companies involved have sent a summons for the government to appear in a summary suit at Haarlem District Court.
Air France-KLM SA (AFLYY) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
AMSTERDAM (Reuters) -KLM, the Dutch arm of Air France-KLM, said on Wednesday it would not have to cancel any flights during the May vacation period as a result of passenger caps imposed by Schiphol airport in light of labour shortages. However, a spokesperson for the company said KLM would be obliged to sell fewer tickets on the Dutch market. "It is disappointing that Schiphol is now forced to limit the number of departing passengers on peak days during the May holiday, albeit on a small scale," the company said.
LONDON (Reuters) -Air France-KLM said on Friday its 2023 bookings were almost back to pre-pandemic levels as it reported a better-than expected fourth-quarter operating profit with global travel demand seeing a rebound. The carrier reported its highest fourth-quarter revenue at 7.1 billion euros ($7.55 billion), up almost 50% year-on-year. Last year was a difficult one with the travel industry struggling with pandemic-related restrictions and as prices of jet fuel and other key products soared due to the Russia-Ukraine conflict, Chief Financial Officer Steven Zaat said.
By Scott Kanowsky
Lufthansa and Air France-KLM are circling collapsed UK regional airline Flybe to try to obtain its take-off and landing slots at London's Heathrow Airport, Britain's Telegraph newspaper reported on Saturday. Lufthansa and Air France-KLM declined to comment.
Air France-KLM SA (AFLYY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.