AF.PA - Air France-KLM SA
| Previous close | 9.19 |
| Open | 9.23 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 9.06 - 9.36 |
| 52-week range | 7.46 - 12.73 |
| Volume | 2,670,275 |
| Avg. volume | 2,529,397 |
| Market cap | 3.941B |
| Beta (5Y monthly) | 0.73 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.28 |
| Earnings date | 20 Feb 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 14 Jul 2008 |
| 1y target est | 10.25 |
- Reuters
Air France-KLM proposes buying 49% of Malaysia Airlines, JAL seeks smaller stake - sources
KUALA LUMPUR/SINGAPORE (Reuters) - Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM which wants as much as 49% while Japan Airlines is looking at a 25% stake, people with knowledge of the matter said. Domestic carrier AirAsia Group Bhd and Malindo Air, the Malaysian arm of Indonesia's Lion Air, have also submitted proposals, the people added. Malaysia's government has found the proposals from foreign airlines more attractive but the sovereign wealth fund that owns Malaysia Airlines favours a deal with AirAsia, one of the sources said.
- Reuters
Air France-KLM proposes buying 49% of Malaysia Airlines, JAL seeks smaller stake: sources
KUALA LUMPUR/SINGAPORE (Reuters) - Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM , which wants as much as 49%, while Japan Airlines is looking at a 25% stake, people with knowledge of the matter said. Domestic carrier AirAsia Group Bhd and Malindo Air, the Malaysian arm of Indonesia's Lion Air, have also submitted proposals, the people added. Air France-KLM said it had previously held talks with Malaysia Airlines' owners but was not currently involved in the sale process.
- Reuters
Air France-KLM CEO sees more room for fleet cooperation
Air France-KLM boss Ben Smith said on Friday that a plane order swap last year would simplify the two airlines' operations and reduce costs, but acknowledged that their fleet coordination was not yet as efficient as he had hoped. In a surprise move last year, amid KLM resistance to governance changes, the Dutch state bought a 14% stake in the group to match the French government's holding. While the order swap of KLM Airbus jets for Air France Boeings in June showed a high level of coordination, Smith told the Anglo-American Press Association in Paris, closer cooperation could bring the group more "purchasing power" as the operator of more than 500 aircraft.
- Reuters
India's Jet Airways to sell Netherlands business to KLM
Bankrupt Indian airline Jet Airways Ltd said it had agreed to sell its assets in Netherlands to Dutch airline KLM. If the deal is finalised, it will only involve a sale of part of the company's business and not impact the shareholding pattern, Jet said in a statement dated Jan. 16. It did not detail the assets held in Netherlands.
- Reuters
Air France suspends flights over Iraq and Iran airspace
France's airline Air France said on Wednesday the company has suspended flights over Iraq and Iran airspace after Iranian missile strikes targeting U.S.-led forces. "Flight plans are adjusted in real time according to the decisions of the French and regional authorities, throughout the world, in order to ensure the highest level of flight safety", Air France said in a statement. Iran's action early on Wednesday was in retaliation for a U.S. drone strike that killed a top Iranian commander in Baghdad, which has triggered fears of a new Middle East war.
- Reuters
Air France plans to run flight schedule on Jan 6-7 despite strikes
Air France said on Sunday it planned to run its entire flight schedule on Jan. 6 and Jan. 7, despite calls by some crew unions to strike as part of ongoing nationwide protests over the government's efforts to reform the pension system. "On January 6 and 7, 2020, Air France plans to operate its entire flight schedule," the airline said in a statement, which also cited discussions between the government and unions that it said had resulted in guarantees for flight crews' future pension system.
- 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.
- 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.
- 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.
- 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.
- Simply Wall St.
Update: Air France-KLM (EPA:AF) Stock Gained 95% In The Last Three Years
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- 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-Cockroach is the new bear
