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Air France KLM SA (AIRF.PA)

AIRF.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Air France-KLM Plans Reduction Of 6,560 Jobs By The End Of 2022
Friday, 3 Jul 2020 

July 3 (Reuters) - AIR FRANCE KLM SA ::AIR FRANCE GROUP PLANS MEASURES TO ADAPT ITS WORKFORCE TO COVID-19.FOR AIR FRANCE, PREDICTIONS OF STAFF REQUIREMENTS SHOW A REDUCTION OF 6,560 JOBS BY THE END OF 2022 OUT OF A CURRENT TOTAL OF 41,000.MANY NATURAL DEPARTURES EXPECTED OVER THIS PERIOD (MORE THAN 3,500) WILL MAKE IT POSSIBLE TO COMPENSATE MORE THAN HALF OF THESE JOB REDUCTIONS THANKS TO A FAVOURABLE AGE PYRAMID.THIS RECONSTRUCTION PLAN WILL BE PRESENTED AT THE END OF JULY, TOGETHER WITH THE PLAN FOR THE AIR FRANCE-KLM GROUP.AIR FRANCE PREDICTS THAT IT WILL NOT SEE SAME LEVEL OF ACTIVITY AS IN 2019 BEFORE 2024.FOR HOP! RESIZING OF ACTIVITY AND THE RESTRUCTURING OF COMPANY LINKED IN PARTICULAR TO SIMPLIFICATION OF THE FLEET WILL LEAD TO A REDUCTION OF 1,020 JOBS OVER THE NEXT THREE YEARS OUT OF THE CURRENT 2,420.TAKING INTO ACCOUNT THE ESTIMATED NUMBER OF NATURAL DEPARTURES, THE OVERSTAFFING FIGURE REMAINS AT AROUND 820 AT THE END OF 2022.  Full Article

KLM: to suspend dividend payments until two new loans have been repaid in full
Friday, 26 Jun 2020 

June 26 (Reuters) - Air France KLM SA ::DUTCH STATE AID TO KLM COMES IN ADDITION TO EUR 7 BILLION IN FUNDING GRANTED BY FRENCH STATE TO AIR FRANCE ANNOUNCED ON 7 MAY 2020..LOANS WILL ENABLE KLM TO WEATHER CURRENT COVID-19 CRISIS AND PREPARE FOR FUTURE..KLM HAS UNDERTAKEN TO SUSPEND DIVIDEND PAYMENTS TO ITS SHAREHOLDERS UNTIL THESE TWO LOANS HAVE BEEN REPAID IN FULL..AIR FRANCE KLM CEO: - CERTAIN THAT AIR FRANCE-KLM GROUP WILL EMERGE STRONGER THAN EVER BEFORE FOLLOWING THIS CRISIS..  Full Article

KLM, Philips To Set Up Special Freight Airlift From Amsterdam To China
Thursday, 9 Apr 2020 

April 9 (Reuters) - KONINKLIJKE PHILIPS NV ::KLM AND PHILIPS TO SET UP A SPECIAL FREIGHT AIRLIFT FROM AMSTERDAM TO CHINA.KLM HAS NOW JOINED FORCES WITH ROYAL PHILIPS AND DUTCH GOVERNMENT TO CREATE TEMPORARY SPECIAL CARGO AIRLIFT BETWEEN NETHERLANDS AND CHINA.AIRLIFT TO ASIA WILL START ON APRIL 13, 2020.DURING COMING WEEKS KLM WILL BRING ITS BOEING 747 COMBI AIRCRAFT BACK INTO OPERATION.THIS WILL CREATE APPROXIMATELY 250 TONS OF EXTRA FREIGHT CAPACITY IN EACH DIRECTION PER WEEK.FULL FREIGHTERS OF KLM/MARTINAIR WILL CONTINUE TO BE DEPLOYED ON NORTH ATLANTIC ROUTES.TWO BOEING 747 COMBI AIRCRAFT ARE NOW BEING PUT BACK INTO SERVICE SPECIFICALLY FOR THESE TWO ROUTES AND FOR INDICATED PERIOD.KLM/MARTINAIR WILL ALSO CONTINUE TO FLY ON SOUTH ATLANTIC ROUTES AS WELL AS TO AFRICA.  Full Article

Air France Modifies Service To China For Transport Of Medical Equipment
Wednesday, 8 Apr 2020 

April 8 (Reuters) - Air France KLM SA ::AIR FRANCE CONTINUES TO TRANSPORT MEDICAL EQUIPMENT BETWEEN CHINA AND FRANCE AND BY ADAPTING ITS FLIGHTS' ITINERARY AS FROM TODAY.  Full Article

Air France And Chalair Sign Code-Share Agreement
Thursday, 16 Jan 2020 

Jan 16 (Reuters) - Air France KLM SA ::AIR FRANCE AND CHALAIR SIGN A CODE-SHARE AGREEMENT.  Full Article

Air France-KLM Increases Its Capacity For 2019-2020 Winter Schedule
Thursday, 24 Oct 2019 

Oct 24 (Reuters) - AIR FRANCE KLM SA ::2019-2020 WINTER SCHEDULE.2019-2020 WINTER SCHEDULE: +2.5% INCREASE IN CAPACITY.2019-2020 WINTER SCHEDULE: 32 NEW ROUTES.2019-2020 WINTER SCHEDULE: CAPACITY +4% ON THE LONG-HAUL NETWORK, -2% ON THE MEDIUM-HAUL AND SHORT-HAUL NETWORKS, -1.9% FOR TRANSAVIA.  Full Article

Air France Chooses Luggage Compartments By Safran
Wednesday, 2 Oct 2019 

Oct 2 (Reuters) - SAFRAN ::AIR FRANCE CHOOSES NEW, MORE SPACIOUS LUGGAGE COMPARTMENTS BY SAFRAN TO EQUIP ITS AIRBUS A320 FLEET.SAYS AIR FRANCE PLANS TO GRADUALLY EQUIP ITS 40 A320S AND 11 A321S WITH 1,342 NEW LUGGAGE COMPARTMENTS BETWEEN SEPT 2020 AND SEPT 2022.  Full Article

Air France to offset 100% of Co2 emissions on its domestic flights
Monday, 30 Sep 2019 

Oct 1 (Reuters) - Air France (part of Air France-KLM SA )::AIR FRANCE ANNOUNCES NEW VOLUNTARY OBJECTIVES IN ITS SUSTAINABILITY ROADMAP.AIR FRANCE TO PROACTIVELY OFFSET 100% OF CO2 EMISSIONS ON ITS DOMESTIC FLIGHTS AS OF JANUARY 1ST, 2020.AS OF JANUARY 1ST, 2020, THIS COMPENSATION ON CO2 EMISSIONS WILL TAKE FORM OF PARTICIPATION IN PROJECTS CERTIFIED BY RECOGNIZED ORGANIZATIONS.BUSINESS OR LEISURE TRAVELLERS, COMPANIES OR EMPLOYEES OF AIR FRANCE GROUP WILL THUS BE ABLE TO TRAVEL THROUGHOUT FRANCE IN A CARBON-NEUTRAL WAY..REDUCTION IN OUR CO2 EMISSIONS BY 50% PER PASSENGER/KM - A NEW OBJECTIVE FOR 2030.  Full Article

Xl Airways Needs 35 Million Euros In New Financing - Company Boss Tells RTL Radio
Friday, 20 Sep 2019 

Sept 20 (Reuters) - XL Airways::XL AIRWAYS NEEDS 35 MILLION EUROS IN NEW FINANCING - COMPANY BOSS TELLS RTL RADIO.  Full Article

Air France-KLM July Traffic Up 2.6%
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Air France KLM SA ::JULY PASSENGER LOAD FACTOR UP 0.4 PERCENTAGE POINTS TO ‍​90.7%.JULY CARGO ACTIVITY DOWN 5.8​ %.JULY TRAFFIC UP 2.6 %.  Full Article

UPDATE 1-Air France-KLM ready for more network cuts if recovery lags

PARIS, July 31 Air France-KLM is ready to cut capacity by more than the previously announced 20% if the coronavirus recovery falls short of expectations, Chief Executive Ben Smith said on Friday.