|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.59 - 7.99|
|52 Week Range||6.69 - 12.73|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||10.58|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.25|
(Bloomberg) -- Airlines worldwide are diverting flights away from southern Iran, lengthening travel times, after the Federal Aviation Administration issued an edict barring American operators from the region amid escalating tensions with the Persian Gulf country.Deutsche Lufthansa AG, Dutch carrier KLM and Qantas Airways Ltd of Australia are among carriers re-routing long-haul services to avoid the Strait of Hormuz, where the U.S. has blamed Iran for attacks on shipping and an American drone was shot down on Wednesday. United Airlines suspended flights between Newark, New Jersey, and Mumbai that regularly pass over the area.“We closely follow all developments that may be related to the safety of airspace,” KLM, the Dutch arm of Air France-KLM, said. “The incident with the drone is reason not to fly over the Strait of Hormuz for the time being. This is a precautionary measure.”A so-called notice to airmen from the FAA says airline flights above the Tehran flight-information region of the Persian Gulf and Gulf of Oman are prohibited until further notice “due to heightened military activities and increased political tensions.” Those circumstance present an inadvertent risk to planes in the form of “potential miscalculation or mis-identification.”Chicago-based United said in an emailed statement that it had conducted “a thorough safety and security review” of its India service in light of recent events and decided to suspend the route.Lufthansa has been avoiding the Strait of Hormuz and the Gulf of Oman since Thursday and has now expanded that zone in line with the FAA’s advice, which may result in “slightly longer flight times between Europe and India,” spokesman Thomas Jachnow said. Services to Tehran operated by the carrier and its Austrian Airlines unit aren’t affected.British Airways, Singapore Airlines Ltd., Malaysia Airlines Bhd. and Qantas are also diverting inter-continental flights away from the area, according to reports, though not all global carriers are affected, with KLM’s sister company Air France saying relevant services are already routed further south.In the region itself, the United Arab Emirates civil aviation authority ordered carriers on Saturday to avoid risky air space, a day after some airlines took their own measures. Dubai-based Emirates, the world’s biggest long-haul airline, said on Friday it rerouted flights away from areas of possible conflict, while Abu Dhabi-based Etihad Airways said it was evaluating the FAA directive and would consult with the United Arab Emirates civil aviation authority. Discount carrier FlyDubai said it would adjust some flight paths as a precautionary measure.U.S. and Iranian officials have differing accounts of whether the high-altitude U.S. Navy drone was over international or Iranian waters when it was shot down. The downing comes after weeks of rising tensions, including attacks on cargo ships that the U.S. has also blamed on Iran.Though an Iranian military officer was quoted by state-run media as saying the drone was shot down in order to send a “clear message,” President Donald Trump downplayed the incident, saying it “could have been somebody who was loose and stupid.”(Updates with U.A.E. measures in eighth paragraph.)\--With assistance from Sarah Jacob, Wout Vergauwen, Ania Nussbaum and Dana Khraiche.To contact the reporters on this story: Christopher Jasper in London at firstname.lastname@example.org;Richard Weiss in Frankfurt at email@example.com;Layan Odeh in Dubai at firstname.lastname@example.orgTo contact the editor responsible for this story: Anthony Palazzo at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
SEOUL/CHICAGO (Reuters) - Delta Air Lines bought a small stake in Korean Air Lines Co's parent company and said it wants to increase it to 10%, giving a boost to the management of South Korea's top carrier that seeks to thwart a local activist fund's challenge. Shares of the parent, Hanjin Kal Corp, tumbled 15 percent on Friday, as Delta's move dashed investor hopes of a battle to control the family-run group that had driven up shares since the death of patriarch Cho Yang-ho in April. Korean Air, which has a joint venture with Delta since last year, said on Friday it believes Delta's 4.3 percent stake buy intends to ensure the 'stable management" of the company and support for its leadership.
PARIS/BRUSSELS, June 20 (Reuters) - The Netherlands and France are trying to convince fellow European nations at a conference in The Hague to end tax exemptions on jet fuel and plane tickets, as part of a drive to make the EU carbon neutral by 2050. In the first major initiative on air travel tax in years, the conference on Thursday and Friday - which will be attended by about 29 countries - will discuss ticket taxes, kerosene levies and value-added tax (VAT) on air travel.
European stocks were in recovery mode on Friday after a cautious message from the European Central Bank hit investors' appetite for risk in the previous session, with traders eyeing a U.S. jobs report and U.S. trade tussles with Mexico for fresh direction. Automakers climbed on a report that U.S. President Donald Trump could delay the tariffs he had threatened to put on Mexican goods as soon as this coming Monday, while French drugmaker Sanofi gained on its appointment of a new chief executive. France's CAC 40 outperformed its euro-peers with a 0.9%, helped by French pharma giant Sanofi.
Declaration of number of voting rights Information relating to the total number of voting rights and shares as required by L.233-8 II of the code of commerce and article.
Air France-KLM would consider participating in European consolidation and could buy or invest in another carrier, CEO Ben Smith told Skift at the IATA Annual General Meeting in Seoul. "There are neat opportunities, that are priced right, that are strategically right, and you have to at least consider them," Smith said at the conference for […]The post Air France-KLM CEO Says Company Would Consider Buying a Competitor appeared first on Skift.
The largest European airline CEOs often complain about too many carriers fighting for market share. Yet there's little indication more industry consolidation is coming soon, at least among the continent’s larger independent legacy carriers. All it takes is one deal to get things moving. But there's some indication the rise of nationalism in European politics […]The post European Governments See Renewed Importance of National Airlines appeared first on Skift.
SEOUL/MONTREAL, June 1 (Reuters) - As Air France pilots fought for control, an Airbus A330 passenger jet plummeted from 38,000 feet for four minutes, its engines running but its wings unable to seize enough air to fly. The doomed jet, weighing 205 tonnes, was in freefall after entering an aerodynamic stall. As relatives mark the disaster's tenth anniversary, the aviation industry is still implementing lessons learned from Air France flight 447 even as it faces a new crisis over the two-month-old global grounding of Boeing's 737 MAX aircraft.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Promontoria Holding 264 B.V. Frankfurt am Main, May 24, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Promontoria Holding 264 B.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service (Moody's) has today affirmed the A1 senior unsecured debt ratings of Royal Schiphol Group N.V. and the provisional (P)A1 rating on the EUR3 billion medium-term note (EMTN) programme of Royal Schiphol Group N.V. and Schiphol Nederland B.V. (together, Royal Schiphol Group). The rating affirmation reflects Moody's expectation that, notwithstanding the current constraints limiting passenger growth and the continued sustained levels of capital expenditure, which will weigh on financial metrics, Royal Schiphol Group will continue to exhibit a credit profile commensurate with an A1 rating, supported by the enhanced visibility provided by the regulatory framework and the associated increases in aeronautical tariffs planned at least until 2021.
PARIS (Reuters) - Air France will cut 465 ground staff jobs from its domestic services as it reduces short-haul capacity under competitive pressure from low-cost rivals and high-speed trains, parent company ...
Air France KLM carried a total of 8.96 million passengers across the group last month, up 9.2 percent from a year ago, the company said on Friday. The airline's April passenger load factor - an industry metric that measures how much of an airline's passenger carrying capacity is used - rose by 0.6 percentage points from a year earlier to 88.7 percent. Earlier this month, Air France-KLM blamed higher fuel costs and price competition as it posted a first-quarter loss.
10 May 2019 APRIL 2019 TRAFFIC Group passenger activity: number of passengers +9.2%, traffic +9.5%, load factor +0.6pt Traffic highlights Passenger network activity (Air France and KLM) ...
Air France-KLM will propose a voluntary redundancy scheme that would affect nearly 400 ground staff at French airports, La Tribune said on Saturday, a day after the airline posted a deeper first-quarter loss. The Franco-Dutch company, which blamed higher fuel costs and price competition for its operating loss of 303 million euros ($339 million), will present the redundancy plan to a union and management meeting on May 13, La Tribune said on its website. An Air France spokesman confirmed that a voluntary plan to cut short-haul ground staff would be presented on May 13 but declined to give details on the proposals ahead of the meeting.
It’s been a tough winter period for some of Europe's biggest airline groups, with extra seats flooding into market causing problems in the seasonally weak first quarter of the year. Air France-KLM saw its net loss widen 20 percent to $357 million (€320 million) for the quarter until the end of March, a similar story […]The post Air France-KLM Losses Grow as Competition Intensifies appeared first on Skift.
European shares rose on Friday, propped up by bank stocks amid a slew of corporate earnings reports, as the regional index licked its wounds a day after its worst loss in six weeks. The pan-European STOXX 600 index was up 0.4 percent at 0903 GMT. "Today you see partly a correction from the yesterday's move and hopes about a good U.S. jobs report," said Teewe Mevissen, senior macro strategist at Rabobank, referring to U.S. non-farm payrolls data for April due later on Friday.
Air France-KLM blamed higher fuel costs and price competition as it posted a deeper first-quarter loss on Friday, sending the airline group's shares lower. The Franco-Dutch company reported a 1.9 percent drop in unit revenue for January-March but said pressure should ease in the rest of the year as rival airlines' capacity growth slows. Air France-KLM shares were down 4.4 percent to 9.78 euros at 0813 GMT, after the group said its operating loss widened to 303 million euros ($339 million) from 118 million a year earlier.