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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Air France-KLM    AF   FR0000031122

AIR FRANCE-KLM (AF)
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Italy's 5-Star, League plan to halt sale of Alitalia - League economics chief

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05/17/2018 | 05:05pm CEST
Alitalia's logo is seen on top of the headquarters at Fiumicino international airport in Rome

ROME (Reuters) - The anti-establishment 5-Star Movement and the far-right League plan to halt the sale of Italy's insolvent national airline Alitalia, the League's economics chief Claudio Borghi said on Thursday.

A draft obtained by Reuters of the two parties' joint programme intended to be the basis of a coalition government said Alitalia needs to be "relaunched" and that Italy must maintain a "competitive national carrier."

Asked by Reuters if this meant that the parties' plan was that Alitalia should no longer be sold, Borghi replied: "Yes."

The former centre-left government has been seeking a buyer for Alitalia for the last year, but the sale process was delayed as a result of uncertainty over the March 4 election, which ended in a hung parliament.

(Reporting By Gavin Jones; editing by Steve Scherer)

Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM 0.54% 8.968 Real-time Quote.-34.32%
EASYJET 0.48% 1557.5 Delayed Quote.5.87%
LUFTHANSA GROUP 0.35% 22.86 Delayed Quote.-25.85%
WIZZ AIR HOLDINGS PLC 0.28% 3267 Delayed Quote.-11.39%
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Financials (€)
Sales 2018 26 393 M
EBIT 2018 1 193 M
Net income 2018 525 M
Debt 2018 4 611 M
Yield 2018 0,17%
P/E ratio 2018 6,93
P/E ratio 2019 5,33
EV / Sales 2018 0,32x
EV / Sales 2019 0,30x
Capitalization 3 823 M
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Technical analysis trends AIR FRANCE-KLM
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 19
Average target price 8,83 €
Spread / Average Target -0,98%
EPS Revisions
Managers
NameTitle
Frédéric Gagey Chief Executive & Financial Officer
Anne-Marie Couderc Non-Executive Chairman
Jean-Christophe Lalanne Executive Vice President-Information Technology
Maryse Aulagnon Independent Director
Jean-Dominique Comolli Director
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1st jan.Capitalization (M$)
AIR FRANCE-KLM-34.32%4 357
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RYANAIR HOLDINGS PLC-9.91%17 352
INTERNATIONAL CONSOLIDATED AIRLINES GROUP4.15%17 253
AIR CHINA LTD.-42.61%14 604