Streetbeat News

AFLYY

Air France-KLM

https://www.airfranceklm.com/fr

CEO

Benjamin Smith

Industry

Scheduled Passenger Air Transportation

Open

0.85

Mkt cap

2.1B

Volume

118

High

0.85

P/E Ratio

6.46

52-wk high

1.65

Low

0.84

Div yield

N/A

52-wk low

0.77

Air France-KLM released its financial statements and notes for the period ending September 30, 2024. The report provides detailed financial information about the company's performance.

Portfolio Pulse from

November 07, 2024 | 7:30 am

Air France-KLM reported stable Q3 2024 operating results at €1.2 billion, excluding the Olympic Games impact. Group revenues increased by 3.7% to €9.0 billion, with a load factor of 89%. However, unit costs rose by 3.4% due to higher staff, operation, and maintenance costs at KLM. Measures are being taken to improve KLM's performance.

Portfolio Pulse from

November 07, 2024 | 7:30 am

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) has been approved to access a credit insurance policy supported by SE-Camex and backed by the FGE, allowing up to $209 million in financing for engine maintenance in Brazil. The company reported a 16.4% revenue growth in Q3 FY23 and has partnerships with American Airlines Group Inc (NASDAQ: AAL) and Air France-KLM (OTC: AFLYY). GOL's shares dropped slightly by 0.25% to $3.72.

Portfolio Pulse from Shivani Kumaresan

December 26, 2023 | 3:49 pm

Several global airlines, including United Airlines Holdings, Inc. (UAL), Delta Air Lines, Inc. (DAL), American Airlines Group, Inc. (AAL), Air France-KLM (AFLYY), Finnair Oyj (FNNNF), EasyJet Plc (ESYJY), Hainan Airlines, Cathay Pacific Airways Ltd (CPCAF), and Korean Air Lines Co Ltd, have suspended their flights to Tel Aviv due to the recent Hamas militant assault on Israel. The airlines have cited security concerns and will resume their services once the conditions are safer.

Portfolio Pulse from Shivani Kumaresan

October 09, 2023 | 10:02 am

Airbus SE delivered 52 airplanes to 34 customers in August, with gross orders totaling 117. Year-to-date deliveries totaled 433 airplanes to 77 customers. Airbus registered 1,218 net orders in the first eight months of 2023, after 39 cancellations. Airbus and Air France-KLM have entered exclusive negotiations to establish a joint venture for Airbus A350 component maintenance services worldwide.

Portfolio Pulse from Nabaparna Bhattacharya

September 07, 2023 | 11:34 am

Airbus SE (OTC:EADSY) and Air France-KLM (OTC:AFLYY) (OTC:AFRAD) are in exclusive negotiations to establish a joint venture for Airbus A350 component maintenance services worldwide. The joint venture will involve transferring aircraft components assets from both partners into the joint venture's pool. The joint venture is expected to be operational by the first half of 2024.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 11:21 am

Apollo Global Management is in exclusive talks to provide a €1.5 billion capital solution to Air France-KLM's Flying Blue Loyalty Program. This follows two previous investments Apollo arranged for Air France-KLM entities in the past year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:49 pm

Apollo Global Management, Inc. (APO) has agreed to invest EUR 500 million into an Air France KLM (AFLYY) affiliate for the airline's Engineering and Maintenance activities. This is Apollo's second deal with Air France-KLM in a year, contributing a total of EUR 1 billion. The investment will strengthen the airline's balance sheet and support future maintenance activities.

Portfolio Pulse from Akanksha Bakshi

July 14, 2023 | 2:33 pm

Air France-KLM has secured a €500 million financing deal with Apollo Global Management for its engineering and maintenance units. The deal is expected to strengthen the airline's financial position and support its operations.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 7:38 am

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