Air France-KLM SA provides passenger and cargo air transportation services. Its activities include cargo, aeronautics maintenance and other air transport related activities such as catering and charter services. Air France-KLM was founded on April 23, 1947 and is headquartered in Paris, France.
Air France KLM SA EPA:AF
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Sources confirmed on Tuesday that Air France (EPA: AF) wishes to discuss a plan with trade unions that will see 6,500 workers laid off in the next 2 years. The airline attributes its plan to the Coronavirus pandemic that brought the demand for air travel to a near halt in recent months and consequently weighed heavily on its performance. The Air France-KLM Group subsidiary plans on withdrawing from domestic routes that have failed to be profitabl...
Shares of Air France-KLM (EPA: AF) soared 9% this morning after reports emerged that the Dutch government would provide 3.4 billion euros ($3.8 billion) for the Dutch part of the Air France-KLM business. Fundamental analysis: KLM gets a bailout, Ryanair protests The Dutch government has agreed to provide 3.4 billion euros ($3.8 billion) in aid for its part in the Air France-KLM business, Reuters reported. According to the agreement, 2.4 bil...
In a statement on Sunday, French Environment Minister Elisabeth Borne announced that for Air France (EPA: AF) to be eligible for state-backed loans, it will have to commit to drastically slash its domestic air traffic. The French government has been actively focusing on offering financial support to several domestic industries and businesses in a bid to kickstart the economy after the Coronavirus pandemic that has so far affected more than 182,00...
The Coronavirus pandemic has brought the global airline industry to a near halt. Worldwide airlines are seeking financial support from their respective governments to survive the unprecedented economic challenge. In a statement on Friday, Air France-KLM (EPA: AF) said it secured £6.13 billion in aid from French government to cushion the blow from COVID-19. As per the agreement, Air France-KLM will receive £2.63 in billion government l...
Shares of Air France-KLM Group (EPA:AF), made modest gains this week, while the French airline is engaged in talks with the French government over an emergency multi-billion funding to survive the ongoing crisis. Fundamental analysis: Air France asks government for support The national airline of France has requested several billions of euros of emergency funds from the national government, French business daily Les Echos reported today.&nb...
The Coronavirus pandemic and the associated travel restrictions are pushing the global airline industry to a near halt. On Monday, airlines announced the next round of jobs, costs, and flights cut and called for emergency aid from respective governments. Following the cancelation of the majority flights in the upcoming weeks, Air France KLM (EPA:AF), EasyJet, and British Airways slumped further in the stock market on Monday. Finnair branded Coron...
Owing to consistently poor business performance, Malaysia Airlines is currently up for sale with Air France proposing to purchase a massive 49% stake in the airlines while Japan Airlines interested in investing in a 25% stake in the underperforming airlines. The proposals, however, are not confined to the two airlines. Malindo Air that is the Malaysian unit of the Lion Air of Indonesia as well as the AirAsia Group have also submitted their bid fo...
Airbus shares are lower Wednesday, as the plane maker has confirmed its CEO succession plan and following news VietJet has signed a finance agreement for the purchase of up to 10 Airbus planes.
Air France shares are lower as trade unions share their unhappiness at the airline's decision to appoint the first foreign CEO in its history.
Air France shares are lower Monday as investors digest news of the airline CEO's resignation and the continuation of a pay deal stale-mate.
Air France shares are in the red Wednesday, ahead of planned strike action by its staff, Thursday.
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