Shares in Air France-KLM rose 6.1% as the French-Dutch carrier returned to profit in the second quarter and posted a positive annual operating result for the first time since the outbreak of the pandemic. The airline reported a net profit of 324 million euros compared to losses of 1.49 billion euros a year ago. The […]
Tag: Air France-KLM
Netherlands: KLM cancels up to 50 flights a day over the weekend
The Dutch airline KLM cancels up to 50 flights a day during this weekend, which follows the 6th of June, which is a national holiday in the Netherlands, the company announced today. Cancellations will also include today flights as well as Mondays. Passengers on the affected flights will be re-booked on other flights, added the […]
Air France-KLM: Issues new 2.2 billion euro shares to repay French government
Air France-KLM has unveiled a € 2.256 billion equity plan to boost its balance sheet and repay aid it has received from the French government. The French and Dutch governments plan to participate in the share capital increase, but China Eastern Airlines and Delta Air Lines will sell part of their rights to the shipbuilding […]
Air France-KLM quarterly results exceeded expectations
Air France-KLM exceeded expectations for its quarterly results due to the recovery in transatlantic travel in the fourth quarter and said it began to see an increase in bookings this quarter as Omicron restrictions began to ease in Europe. The French-Dutch group earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 745 million euros […]
KLM crews will no longer spend the night in Kiev
The Dutch airline KLM announced today that the crews of its aircraft will no longer spend the night in Kiev, due to the tension between Russia and the West over the Ukrainian. The company’s flights to Ukraine are not interrupted, KLM assured. “It was recently decided not to spend the night’s crews in Kiev but […]
France: Air France-KLM group to buy 100 A320neo from Airbus
The Air France-KLM group announced today that it will buy from Airbus 100 A320neo to strengthen the fleets of KLM and Transavia, which is a significant blow to Boeing, which has so far equipped these companies with aircraft of this type. . The group reserves the right to acquire another 60 such aircraft as well […]
Airbus beats rival Boeing for supply of aircraft to Air France-KLM
Airbus looks set to complete a triple win over aircraft orders over rival Boeing, with an agreement to supply all or most of the demand for dozens of narrow-body aircraft to Air France-KLM, Reuters sources said. Airbus has secured an order for A321 single-track aircraft from Dutch subsidiary KLM, sources said, confirming an advantage first […]
The block on flights from South Africa ‘lands’ the shares of the airlines
Airline stocks hit a record high on Friday, falling the most since the pandemic began as European countries banned flights from South Africa to slow the spread of a new worrying mutation found on the continent. The United Kingdom has already announced that it will suspend flights from South Africa and many of its neighbors […]