AFLYY AIR France-KLM featured news, full reports, and detailed charts
AIR France-KLM (AFLYY/AFLYY.PK) Wrap Up:
Air France-KLM, through its subsidiaries, provides passenger and cargo transportation services worldwide. It also engages in aeronautics maintenance and other air-transport related activities, including catering and charter services. Air France-KLM was formerly known as Air France SA and it changed its name in January, 2004. The company was founded in 1933 and is based in Paris, France.www.airfrance-finance.com
106,933 Employees
Founded in 1933
AIR France-KLM (AFLYY:Pink OTC Markets Inc - International Premier QX)
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Market Cap
5.0B
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Total Revenue
22.9B
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EBITDA
686.0M
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DILUTED EPS TTM
-4.75
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P/E
--
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P/S
0.2x
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Return On Asset
-1.81
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Return On Equity
-14.48
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| K = Thousands M = Millions B = Billions | ||
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AFLYY Top Compensated Officers
Mr. Pierre-Henri Gourgeon
Chief Executive Officer, Director, Chief Exec...
Age: 62
Total Annual Compensation: €719.2K
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for AIR France-KLM (AFLYY)
Air France Unveils Brand New European Service
11/12/2009
Starting on 1st April 2010, Air France is offering a new service on its medium-haul network, aimed at better meeting the changing expectations of travellers seeking greater simplicity and clarity, and more affordable fares. The essentials of the Air France service will remain, and the airline will continue to offer two clearly separate cabins. The Air France service will not be that of a low-cost carrier. The Voyageur offering is designed for customers looking for a simple, inexpensive product, with all the essentials of the Air France service, free carriage of hold baggage up to 23 kg, choice of seat at check-in, wide choice of newspapers, catering adapted to the flight time, and designated counters for customers requiring assistance.
Air France-KLM to Report Fiscal Year 2010 Results on May 19, 2010
11/6/2009
Air France-KLM announced that they will report fiscal year 2010 results on May 19, 2010.
Air France-KLM Reports Traffic Results for the Month and Year-to-date Ended September 2009
10/7/2009
Air France-KLM reported traffic results for the month and year-to-date ended September 2009. For the month, the company reported revenue pax-kilometers of 17,353 million, available seat-kilometers of 130,440 million, passengers carried of 38,371,000 and load factor of 81.7% compared to the revenue pax-kilometers of 18,013 million, available seat-kilometers of 22,283 million, passengers carried of 6,586,000 and load factor of 80.8% for the same period year ago. For the month, the company reported revenue tonne-km of 908 million, available tonne-km of 1,374 million and cargo load factor of 66.1% compared to the revenue tonne-km of 1,097 million, available tonne-km of 1,716 million and cargo load factor of 63.9% for the same period year ago. For the year to date period, the company reported revenue pax-kilometers of 106,608 million, available seat-kilometers of 130,440 million, passengers carried of 38,371,000 and load factor of 81.7% compared to the revenue pax-kilometers of 111,589 million, available seat-kilometers of 136,673 million, passengers carried of 40,532,000 and load factor of 81.6%% for the same period year ago. For the year to date period, the company reported revenue tonne-km of 5,541 million, available tonne-km of 8,677 million and cargo load factor of 63.9% compared to the revenue tonne-km of 6,863 million, available tonne-km of 10,488 million and cargo load factor of 65.4% for the same period year ago.
AFLYY Competitors
| Company | Last | Change |
| Delta Air Lines Inc | $7.62 USD | +0.03 |
| Deutsche Lufthansa | €10.71 EUR | -0.085 |
| Japan Airlines Corporation | ¥95.00 JPY | -3.00 |
| TNT N.V. | €19.75 EUR | +0.02 |
| UAL Corp | $7.02 USD | -0.05 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | AFLYY | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.2x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | 16.3x |
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| TEV/Sales | NM | Not Meaningful |
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AFLYY |
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AFLYY transactions
| Type Date |
Target |
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Buyback
July 9, 2009 |
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More Recent News About AIR France-KLM
More news for AFLYY
Fixing British Airways
LONDON -- You have to feel sorry for Willie Walsh. His reputation as a turnaround king, borne out of his track record at previous company Aer Lingus, is taking a pasting now that he's at the helm of British Airways. The airline that once boasted it was the "world's favorite" posted its biggest-ever annual loss in May, and is looking to cut thousands of jobs and freeze pay in an attempt to cut costs. Things are about to get a lot more miserly for passengers, too, as BA plans to end free meals on short-haul flights.So what should Walsh be contemplating in his rescue plan for BA? He has bought himself some time, thanks to a $500 million sale of BA convertible bonds and an agreement on $500 million worth of bank guarantees, but the rough business environment is not yet over. Premium passenger traffic in July was down 11% over the year, while nonpremium traffic--which BA is less exposed to--rose 3.5%.According to Doug McVitie, chief consultant at Arran Aerospace, British Airways ( BAIRY - news - people ) should swallow its pride and deliver what it has always promised: A big merger with Spain's Iberia ( ...Click here to read the whole Article (external link)
Open Skies For ItAli
PARIS -- While many aviation executives are wringing their hands and worrying about the recession’s effect on airline profits and aircraft orders, Giuseppe Spadaccini, an Italian pilot and business owner, is excited about the possibilities of the post-recession landscape."When there is a crisis, there is a new opportunity for companies to enter," he told Forbes on the sidelines of the Paris Air Show. Spadaccini, 51, is a year away from launching a transformed version of his regional airline, ItAli, and he is confident that with a fleet of 30 airplanes he will be able to grab a 5%-to-10% share of the regional market in Italy. For all this, he has Alitalia, Italy’s flagship carrier, to thank.The unprofitable Alitalia stumbled into bankruptcy last year, before eventually getting rescued by Air France-KLM ( AFLYY - news - people ) and Italian airline Air One. It paid the price with thousands of job cuts and a reduction in flight routes, which were slashed by more than one-third to save costs. All this has left the Italian market in a pretty unusual position, with a marked decrease in supply, rather than just demand. Even an airport as central as Milan’s Malpensa has lost 100 flights a day, according to Spadaccini.So what new routes will ItAli be offering next year? The usually chatty Spadaccini goes quiet on this point, preferring to stay tight-lipped on any specifics of the business plan he and his unnamed financial backers have come up with. But he says that his dream is "to do ro...Click here to read the whole Article (external link)
Airbus Gets The Wizz
PARIS -- European plane-maker Airbus is an expert when it comes to hype at the Paris Air Show. Not content with having already shamed Boeing with some $6.4 billion of new orders announced at the junket--compared with $153 million worth announced by the American arch-rival--on Thursday, Airbus signed a $3.8 billion letter of intent with Hungarian low-cost airline Wizz Air, with the ink barely dry on the agreement.Airbus said the memorandum of understanding was for 50 narrow-body A320s, taking Wizz’ total orders to 132 aircraft. The surprise announcement takes Airbus’ total new business in Paris to $10.2 billion, almost ten times what Boeing ( BA - news - people ) has announced so far, though it is worth remembering that Wizz Air’s order is not yet a firm one.Shares of Airbus parent company European Aeronautic Defense and Space ( EADSF - news - people ) rose 1.9%, or 22 euro cents (31 cents), to 11.44 euros ($15.94), during morning trading in Paris.The announcement underlines just how important business from low-cost airlines has been for Airbus this year, while traditional champions like ...Click here to read the whole Article (external link)
Tech Keeps Europe Afloat
LONDON -- European stocks stayed in slightly positive territory during midday trade on Tuesday, buoyed by an upbeat outlook for chip-makers and strength in the oil sector.The Dow Jones Euro Stoxx 50 index rose 0.3%, to 2,474.90 points, with technology stocks making the biggest gains after semiconductor-maker Texas Instruments ( TXN - news - people ) raised its outlook for second-quarter earnings. Shares in Franco-Italian chip-maker STMicroelectronics jumped 4.3%, to 5.51 euros, in Paris, while rival Infineon was up 1.4%, in Frankfurt. Handset-maker Nokia also gained 3.8%, with investors seeing a positive implication for the company's products.Oil stocks BP and Tullow Oil were also up 1.4%-2.1%, in London, with demand for commodities expected to return along with the global economic recovery. Oil futures in New York were up 66 cents, to $68.75 per barrel, while the spot price of European Brent crude also ticked up to reach $68.43.But gains were not widespread, with the aviation sector down some 1.0%, suffering from a deterioration in air-travel demand and the knock-on consequences of the Air France crash in the Atlantic Ocean on May 31. Although manufacturer Airbus insisted on Tuesday the downed A330 plane was fundamentally a safe aircraft--despite a pilots' union at Air France calling for a strike until the fleet's speed sensors were upgraded--the image of this particular plane model may be irrevocably damaged. Meanwhile, Airbus' flagship A380 'superjumbo' was also expected to suffer from the consumer slowdo...Click here to read the whole Article (external link)
More Turbulence For Airbus
LONDON -- The sight of a giant Airbus-A330 rudder brought to the surface of the Atlantic Ocean will not be easily forgotten, as search crews attempt to recover the debris of Air France Flight 447--and the bodies of the 228 people on board--in a bid to find out exactly why the plane crashed into the icy waters on May 31. The fall-out has already damaged the reputation of the A330, with an Air France-KLM pilots' union calling for a strike until the aircraft's speed sensors are upgraded, and it could add to Airbus' woes as airlines cut back on orders and deliveries in the midst of the economic slump.Although many carriers have already raced to upgrade their A330 fleet's speed sensors, something Airbus had advised them to do more than a year ago, demand for the wide-body passenger plane may suffer in the future, regardless of the precise conclusion of the investigation into Flight 447. This will not be a complete catastrophe for the European plane-maker, according to Doug McVitie, managing director of consultancy firm Arran Aerospace, because the A330 is not a new product and is set to be replaced by the forthcoming A350 anyway. But the mud could stick for a very long time."Perception is the question here," said McVitie. "'An A330 crashed in the Atlantic'--that's what will be remembered."Shares of European Aeronautic Defense and Space ( EADSF - news - people ), parent company of Airbus, were down 0.7%, to 11.82 euros ($16.48), during morning trading in Paris. ...Click here to read the whole Article (external link)
Warning For Euro Airlines
LONDON -- LONDON - Is the recession over? The stock market says yes, but aviation industry chief Giovanni Bisignani had a different message for Europe's airlines and plane-makers on Monday.Speaking at an event in Kuala Lumpur, Bisignani, who heads the industry's main representative body, the International Air Transport Association said that European airlines would swing to an annual net loss this year of $1.8 billion. Not only is this a big change from last year's estimated net profit of $400 million, but it also means European airlines are expected to perform worse than their American counterparts. IATA expects United States carriers to lose only $1 billion in 2009, a vast improvement on an estimated 2008 loss of $5.1 billion.So what's the reason for this reversal of fortunes? According to IATA, American passenger airlines are already feeling the benefit of early cuts in capacity on domestic routes, with most of the pain hitting cargo transport instead. Europe's airlines, perhaps because the recession took longer to cross the Atlantic, only began cutting in earnest earlier this year. "Our U.S. colleagues cut quickly," said Bisignani. "As a result they are stronger."According to David Henderson, of the Association of European Airlines, an important reason for European carriers' initial hesitation was uncertainty over airport slots. Airlines are legally required to operate planned routes to keep their slots--even though carriers did manage to obtain a waiver for the current year back in April, it meant their initial capacity cuts were tentative at best. Late last year, overall monthly capacity cuts were at around 2.0%-2.5%, but for the month of May, after the waiver was approved, they hit 7.0%.The cuts will have to get deeper. Citigroup analyst Andrew Light said that passenger volumes had shown "sharply negative" trends so far this year, and that they were likely to continue. He expected ...Click here to read the whole Article (external link)
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