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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Airbus SE    AIR   NL0000235190

AIRBUS SE

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Air France and KLM to swap Boeing and Airbus orders in efficiency drive

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06/28/2019 | 08:44am EDT
FILE PHOTO: Air France planes are parked on the tarmac at the Paris Charles de Gaulle airport in Roissy

PARIS (Reuters) - Air France-KLM said its separate Air France and KLM airline units would be swapping over some remaining orders from Boeing and Airbus, in a move which Air France KLM said would help its fleet run more efficiently.

The swap means that in the 2021-2023 timeframe, the six remaining Boeing 787 ordered for Air France will be transferred to KLM, and the current 7 Airbus A350-900s on order for KLM will be transferred to Air France.

"This is the first step towards harmonizing and simplifying the Air France-KLM Group fleet at its two major airlines," said Air France KLM CEO Benjamin Smith.

(Reporting by Sudip Kar-Gupta; editing by Michel Rose)

Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM 0.64% 10.265 Real-time Quote.8.28%
AIRBUS SE -1.45% 122.62 Real-time Quote.46.05%
BOEING COMPANY (THE) 0.45% 356.01 Delayed Quote.10.39%
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Financials (EUR)
Sales 2019 70 329 M
EBIT 2019 6 952 M
Net income 2019 4 732 M
Finance 2019 14 745 M
Yield 2019 1,74%
P/E ratio 2019 20,2x
P/E ratio 2020 16,8x
EV / Sales2019 1,15x
EV / Sales2020 1,05x
Capitalization 95 337 M
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Technical analysis trends AIRBUS SE
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Mean consensus BUY
Number of Analysts 24
Average target price 143,09  €
Last Close Price 122,62  €
Spread / Highest target 35,4%
Spread / Average Target 16,7%
Spread / Lowest Target -10,3%
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Managers
NameTitle
Thomas Enders Chief Executive Officer & Executive Director
Denis Ranque Non-Executive Chairman
Harald Wilhelm Chief Financial Officer
Luc Hennekens Chief Information Officer
Grazia Vittadini Chief Technology Officer
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