AF.PA - Air France-KLM SA

Paris - Paris Delayed price. Currency in EUR
10.35
+0.16 (+1.62%)
At close: 5:35PM CET
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Previous close10.18
Open10.16
Bid0.00 x 0
Ask0.00 x 0
Day's range10.14 - 10.40
52-week range7.46 - 12.73
Volume1977688
Avg. volume2,540,485
Market cap4.4B
Beta (3Y monthly)0.77
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date2008-07-14
1y target estN/A
  • Reuters - UK Focus

    Europe-Distillates-Diesel cracks ease, Shell shuts Pernis unit

    Benchmark northwest European diesel refining margins eased on Monday but were supported by Royal Dutch Shell's shutdown of half of Europe's largest refinery. * Shell said it had shut a unit at its Pernis oil refinery in the Netherlands after a crude spill a day earlier.

  • Reuters - UK Focus

    UPDATE 1-Air France drops Virgin stake in exchange for tighter governance

    Air France-KLM said on Wednesday it had dropped plans to buy a stake in Virgin Atlantic as the two airline groups combine their transatlantic partnerships with Delta Air Lines into an expanded joint venture. Under the three-way deal struck in 2017 and approved by U.S. regulators last month, Virgin had agreed to sell a 31% holding to Air France-KLM for 220 million pounds ($282 million) - effectively ceding joint control to Delta, which already owns a 49% Virgin stake, and its Franco-Dutch partner.

  • Air France drops Virgin stake in exchange for tighter governance
    Reuters

    Air France drops Virgin stake in exchange for tighter governance

    Air France-KLM said on Wednesday it had dropped plans to buy a stake in Virgin Atlantic as the two airline groups combine their transatlantic partnerships with Delta Air Lines into an expanded joint venture. Under the three-way deal struck in 2017 and approved by U.S. regulators last month, Virgin had agreed to sell a 31% holding to Air France-KLM for 220 million pounds ($282 million) - effectively ceding joint control to Delta, which already owns a 49% Virgin stake, and its Franco-Dutch partner.

  • Reuters - UK Focus

    Air France-KLM says buying stake in Virgin Atlantic not necessary

    Airline group Air France-KLM said on Wednesday it was not necessary to buy a stake in Virgin Atlantic to expand a transatlantic joint venture with Virgin Atlantic and Delta Air Lines. Air France-KLM also said in a statement it would continue final preparations towards the launch of the expanded joint venture in the coming weeks. "This partnership is key to strengthen the group’s leadership position between Europe and North America", Air France-KLM added.

  • Europe Set to Overhaul Its Entire Economy in Green Deal Push
    Bloomberg

    Europe Set to Overhaul Its Entire Economy in Green Deal Push

    (Bloomberg) -- The European Union is gearing up for the world’s most ambitious push against climate change with a radical overhaul of its economy.At a summit in Brussels next week, EU leaders will commit to cutting net greenhouse-gas emissions to zero by 2050, according to a draft of their joint statement for the Dec. 12-13 meeting. To meet this target, the EU will promise more green investment and adjust all of its policy making accordingly.“If our common goal is to be a climate-neutral continent in 2050, we have to act now,” Ursula von der Leyen, president of the European Commission, told a United Nations climate conference on Monday. “It’s a generational transition we have to go through.”The commission, the EU’s regulatory arm, will have the job of drafting the rules that would transform the European economy once national leaders have signed off on the climate goals for 2050. The wording of the first draft summit communique, which may still change, reflects an initial set of ideas to be floated by the commission on the eve of the leaders’ gathering.The EU plan, set to be approved as the high-profile United Nations summit in Madrid winds up, would put the bloc ahead of other major emitters. Countries including China, India and Japan have yet to translate voluntary pledges under the 2015 Paris climate accord into binding national measures. U.S. President Donald Trump has said he’ll pull the U.S. out of the Paris agreement.In a pitch of her Green Deal to member states and the European Parliament on Dec. 11, von der Leyen is set to promise a set of measures to reach the net-zero emissions target, affecting sectors from agriculture to energy production. It will include a thorough analysis on how to toughen the current 40% goal to reduce emissions by 2030 to 50% or even 55%, according to an EU document obtained by Bloomberg News.Make It IrreversibleIn the next step, the commission will propose an EU law in March that would “make the transition to climate neutrality irreversible,” von der Leyen told the UN meeting. She said the measure will include “a farm-to-fork strategy and a biodiversity strategy” and will extend the scope of emissions trading.The EU Emissions Trading System is the world’s largest cap-and-trade market for greenhouse gases. It imposes pollution caps on around 12,000 facilities in sectors from refining to cement production, including Royal Dutch Shell Plc and BASF SE. Von der Leyen eyes the inclusion of road transport into the market and cutting the number of free emission permits for airlines.Some of the transportation industry’s biggest polluters have already stepped up efforts to reduce their environmental impact. In June, France’s Airbus SE, its U.S. rival Boeing Co. and other aviation companies pledged to reduce net CO2 emissions by half in 2050 compared with 2005 levels. EasyJet Plc, the U.K.-based discount airline, has promised to offset all of its carbon emissions by planting trees and supporting solar-energy projects, while Air France will take similar steps on its domestic routes.Germany’s Volkswagen AG, the world’s largest automaker, aims to become CO2 neutral by 2050, while Daimler AG plans to reach that target for its Mercedes-Benz luxury car lineup by 2039.To ensure that coal-reliant Poland doesn’t veto the climate goals next week, EU leaders will pledge an “enabling framework” that will include financial support, according to the document, dated Dec. 2. The commission has estimated that additional investment on energy and infrastructure of as much as 290 billion euros a year may be required after 2030 to meet the targets.The EU leaders will also debate the bloc’s next long-term budget next week. The current proposal would commit at least $300 billion in public funds for climate initiatives, or at least a quarter of the bloc’s entire budget for the period between 2021 and 2027.(Updates with details on draft sumit communique from fourth paragraph.)\--With assistance from Ania Nussbaum, Siddharth Philip and Christoph Rauwald.To contact the reporters on this story: Ewa Krukowska in Brussels at ekrukowska@bloomberg.net;Nikos Chrysoloras in Brussels at nchrysoloras@bloomberg.netTo contact the editors responsible for this story: Chad Thomas at cthomas16@bloomberg.net, Chris ReiterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Branson Drops Air France Deal to Keep Control of Virgin Atlantic

    (Bloomberg) -- U.K. billionaire Richard Branson said he’s scrapping the planned sale of a stake in Virgin Atlantic Airways Ltd. in favor of retaining control and expanding the airline he founded.Branson has reached a deal to abandon a two-year-old plan to sell part of the airline to Air France-KLM Group and will hang on to the 31% stake, keeping a 51% holding overall, he said in a letter to staff posted on his personal blog Monday. The accord is “subject to contract,” he said.Air France-KLM had agreed to buy the stake for about 220 million pounds ($284 million) in 2017 as part of a three-way venture with Delta Air Lines Inc., which already owned 49% of Virgin Atlantic. The revenue and cost-sharing pact is unaffected by the decision to pull the sale and will be implemented “in the near future,” Virgin said separately.A final agreement with Air France-KLM should be reached in the next few weeks, people familiar with the negotiations told Bloomberg earlier. The Paris-based company declined to comment.Branson last month spoke in glowing terms of Virgin Atlantic’s recent progress, saying he was sad to be surrendering control of the 35-year-old company. He said at the time the step was necessary to safeguard the carrier’s future in an industry increasingly dominated by a handful of airline groups.Under Chief Executive Officer Shai Weiss, who took over in January, Virgin has resumed growth with the opening of routes to destinations including Tel Aviv and Mumbai. It has also ordered new Airbus SE A330neo aircraft and begun taking delivery of larger A350s, while purchasing regional specialist Flybe Group Plc to add vital feeder traffic.Branson said in his letter that he’ll also step up a campaign to secure enough operating slots at an expanded London Heathrow airport to establish Virgin Atlantic as a second U.K. flag-carrier to rival British Airways.La Tribune reported on Friday that Virgin no longer wanted to sell the stake to Air France-KLM.\--With assistance from Ania Nussbaum.To contact the reporter on this story: Christopher Jasper in London at cjasper@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Tara PatelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    Airlines get ready for jet biofuel take-off in Norway

    Airlines are confident of having sufficient supplies of biofuel-infused jet fuel to comply with a Norway requirement which takes effect next year, although they warn of additional costs. From January, jet fuel suppliers in Norway must blend 0.5% of biofuel in all their aviation fuel, a policy Oslo hopes will boost supply and demand and lead to lower CO2 emissions.

  • Airbus says could stretch A220 airliner, but has no current plan to do so
    Reuters

    Airbus says could stretch A220 airliner, but has no current plan to do so

    Airbus SE's Canadian-designed A220 narrowbody jet has the potential to be stretched to carry more passengers but the company has no current plans to do so, a top executive said on Tuesday. Air France KLM SA , which has a firm order for 60 A220 jets, has expressed interest in a larger variant of the plane. In a presentation to investors, Air France KLM last week posted a slide referring to a larger A220-500 plane.

  • Update: Air France-KLM (EPA:AF) Stock Gained 95% In The Last Three Years
    Simply Wall St.

    Update: Air France-KLM (EPA:AF) Stock Gained 95% In The Last Three Years

    By buying an index fund, investors can approximate the average market return. But many of us dare to dream of bigger...

  • Air France-KLM plans sales and efficiency drive to lift profit
    Reuters

    Air France-KLM plans sales and efficiency drive to lift profit

    PARIS/HELSINKI (Reuters) - Air France-KLM outlined plans to expand its budget Transavia business and push the core French carrier upmarket, while overhauling its fleet in pursuit of improved sales and profitability. After a wave of Air France strikes that cost 335 million euros (£289 million) in 2018, the Franco-Dutch airline group has stabilised under Chief Executive Ben Smith thanks to union deals that have increased both wage costs and operating flexibility. In his first major strategy presentation since he joined from Air Canada last year, Smith set a 7-8% profit margin goal for 2024 and dangled the "prospect" of renewed dividends - last paid out to shareholders in 2008.

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: profit taking, but October was good

    * European stocks end lower after positive open * Reported China doubts about trade deal offset Fed rate cut * Fiat climbs to 1-year high, Peugeot drops after announcing 50-50 merger * Eutelsat falls sharply after weak results * Wall Street falls despite strong Apple, Facebook results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: rm://julien.ponthus.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: PROFIT TAKING, BUT OCTOBER WAS GOOD (1657 GMT) It was a day of profit taking across European stock markets as more brokers advised clients to take a break after the October rally that saw the STOXX 600 recover 6% from the month's lows as investors moved to priced in the good news on Brexit and trade.

  • Reuters - UK Focus

    LIVE MARKETS-Will Farage move sterling? All eyes on the Brexit Party!

    * European stocks fall after positive open * Reported China doubts about trade deal offset Fed rate cut * Fiat jumps, Peugeot drops after they officially announce 50-50 merger * Eutelsat down 12% after weak results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: rm://julien.ponthus.thomsonreuters.com@reuters.net WILL FARAGE MOVE STERLING? There's speculation that Nigel Farage's party might decide to concentrate its efforts in only a handful of constituencies instead of running in all of the countries' 650.

  • Reuters - UK Focus

    LIVE MARKETS-Trade war jitter kills Fed cut feel-good vibes

    * European stocks fall after positive open * Reported China doubts about trade deal offset Fed rate cut * Fiat jumps, Peugeot drops after they officially announce 50-50 merger * Eutelsat down 12% after weak results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. The Fed feel-good vibes which were lifting markets since the cut was announced yesterday are gone, shot down by the news conveyed by this snap: European benchmarks and Wall Street futures fell abruptly as our main competitor reported that Chinese officials have their doubts about a comprehensive long-term trade deal with Trump. Asked to comment on the following drop on the STOXX, Stephane Barbier de la Serre at Makor said he wasn't surprise at all given the current high levels at which markets are trading.

  • Reuters - UK Focus

    UPDATE 2-Autos, miners keep European shares in the red as trade jitters resurface

    European shares fell on Thursday, hurt by losses for miners and automakers as doubts grew over the prospect of a trade deal between the United States and China, with weak earnings from oil major Royal Dutch Shell adding to the gloom. A Bloomberg report said that China is doubtful of a long-term trade deal with U.S. President Donald Trump, raising fresh uncertainty about progress between the two countries after an interim trade deal was almost finalised. The pan-European STOXX 600 index ended 0.5% lower but logged its second straight monthly gain after an October packed with corporate earnings reports along with some Brexit and trade twists.

  • Air France-KLM disappoints on earnings, outlook
    Reuters

    Air France-KLM disappoints on earnings, outlook

    Air France-KLM said slowing travel demand will hurt ticket sales in the rest of 2019, sending its shares tumbling as the airline group posted lower-than-expected quarterly earnings. The group posted gains in passenger traffic and load factor - a measure of seats filled - but finance chief Frederic Gagey said trade tensions and a litany of economic and geopolitical problems had dampened demand and fares. To avoid piling up losses in a sluggish market, airlines must prevent capacity growth outstripping traffic.

  • Reuters - UK Focus

    UPDATE 2-Profits at BA owner IAG knocked by pilot strikes

    British Airways owner IAG said on Thursday it had taken a hit from industrial action from pilots at the airline, knocking profits in its third quarter and reiterating a lower outlook for the year. The group said that the action by pilots at BA, together with other disruption, resulted in a hit to operating profit of 155 million euros ($173.03 million) in the three months to September 30. British Airways pilots went on strike for 48 hours last month, grounding 1,700 flights in a dispute between pilot union BALPA and the airline over pay.

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