Air France KLM

Ticker AF

Today's data summary

Market closed
% change
-0.86%
Price Euros
4.95
Change
-0.04
As of 23:08 20 Jan 2021
Market cap. Euros
2,122.17 million
As of 01:59 21 Jan 2021

Latest updates

  1. KLM Amsterdam flight from Teesside suspended

    Dutch airline KLM says "low demand" is the reason behind the suspension of the Teesside to Schipol route.

    It's been suspended from 10 October until 11 February because of low take-up for the peak winter season route, which ran from Teesside three times a day before the pandemic.

    A spokesperson for Teesside International Airport said the temporary pause of the Amsterdam route was the "right thing to do".

    Front of KLM plane
    Quote Message: KLM remains a valued airline partner, we are in constant discussions with them over this important route and we have had reassurances that this pause does not impact our recently announced five-year deal."
    Teesside International Airport

    Flights from the airport to London Heathrow were launched two weeks ago

  2. Flights finally restart from Leeds Bradford Airport

    Passengers have flown from Leeds Bradford Airport for the first time in months after being halted in March as coronavirus lockdown restrictions stopped people travelling.

    A stock Ryanair plane

    As part of the West Yorkshire airport's plans to start moving people again, a Ryanair flight took off yesterday.

    More airlines are to join Ryanair in restarting flights from Leeds Bradford Airport, with Eastern Airways resuming next Monday, KLM on 4 July, Jet2 on 15 July and Aer Lingus in August.

    Passengers will have to wear face coverings in the terminal at Yeadon, with social distancing guidelines being enforced, the airport said.

  3. Airbus order

    logo

    Air France is buying 60 Airbus A220-300 aircraft, with an additional 30 purchase options and 30 acquisition rights.

    The first aircraft should be delivered in September 2021.

    "These decisions support the Air France-KLM Group's fleet competitiveness strategy," said Benjamin Smith, chief executive, of Air France KLM.

  4. Rise in passenger numbers for Air France KLM

    Air France and KLM planes

    Air France KLM has reported a rise in its March passenger numbers compared with the previous year.

    The airline said it carried 8.3 million passengers in March, up 3.4% from a year earlier.

    However, Air France KLM's March passenger load factor dropped by 0.3 percentage points to 87.6%.

  5. Air France KLM row continues

    Air France and KLM aeroplanes

    France is still upset with the Dutch government, which decided to suddenly buy a 14% stake in AirFrance-KLM on Tuesday.

    The Netherlands government said it chose to buy the stake in order to "protect Dutch interests".

    The Dutch now own a 14% stake in AirFrance-KLM, while France owns a 14.3% stake, which makes them almost equal.

    "Between two states, which are friendly and close founding members of the European Union, such behaviour is unacceptable," French finance minister Bruno Le Maire told Public Senat television. "It's not reasonable to remain in this situation, which benefits nobody."

    There had been concerns in early February that KLM boss Pieter Elbers would not be reappointed as chief executive of the Franco-Dutch airline holding company's division in the Netherlands.

    In response, the Dutch government gave him its official backing, and KLM staff threatened to go on strike.

  6. Netherlands is building stake in Air France-KLM-reports

    The Air France-KLM group's new logo is pictured during the group's 2018 financial year presentation in Paris on February 20, 2019.

    The Dutch government has acquired a stake a 12.7% stake in the Air France-KLM holding group and aims to raise that to equal France's 14.3%, according to media reports.

    The Netherland's move is aimed at increasing its influence in the carrier and protecting the country's economic interests, reports said.

  7. Staff demand Pieter Elbers be reappointed to KLM

    Pieter Elbers

    Dutch airline managers have warned that there will be strikes if KLM boss Pieter Elbers is not reappointed chief executive of the airline.

    KLM's owner Air-France KLM is currently headed by Canadian chief executive Ben Smith, who was appointed only in September.

    Mr Elbers heads the Franco-Dutch airline holding company's division in the Netherlands, and he has been given official backing from the Dutch government, AFP reports.

  8. Air France soars

    Air France planes

    Air France-KLM has posted a better than expected performance for the three months to September, with a 22% rise in quarterly net profit to €786m and a 4% jump in revenue to €7.5bn.

    New chief executive Ben Smith called the results a "solid performance" and pledged to "build an ambitious and innovative strategy" for the group in coming months.

    The former Air Canada executive started last month and has already struck a pay deal with unions to end industrial action that grounded hundreds of flights earlier this year.

    However, he is yet to secure a separate agreement with pilots and is due to start negotiations next week.

    Traffic was up 2.3% to 28.5 million passengers and load factors are expected to keep rising until February, helping offset a fuel bill that rose by a fifth to €1.38bn for the quarter.

    Shares are 4.4% higher in Paris this morning at just under €9 - down from about €14 at the start of the year.

  9. Airline shares not flying

    Ryanair protesters

    Investors across the aviation sector have been spooked by Ryanair's profit warning.

    Easyjet is down 5.7%, while British Airways-owner IAG is down more than 3%. Wizzair fell 4.8%, Air France 3.5% and Lufthansa 2.2%.

    Ryanair has blamed strikes for lowering its profit guidance and outlook for future trading.

    But it seems investors fear there could be more than industrial action behind Ryanair's weaker forecasts, possibly indicating a drop in business across the sector.