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

AIR FRANCE-KLM

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Air France KLM : Airlines try COVID-19 tested transatlantic flights to build confidence

12/04/2020 | 12:23pm EST
Cool boxes are seen at Amsterdam's Schiphol Airport

AMSTERDAM (Reuters) - KLM, the Dutch arm of Air France-KLM, on Friday said it would begin offering COVID-19 tested flights to Atlanta, the latest example of a European airline adopting a testing strategy to increase passenger confidence in flying amid the coronavirus pandemic.

The plans centre around the concept of conducting multiple tests so that travellers can have more trust that the chances they or others are carrying the virus during their voyage are small.

Under the KLM plan, passengers receive one test five days before their flight, another shortly before the flight, and a third after landing.

"Only passengers with negative test results will be accepted on-board," KLM said in a statement.

After testing negative again upon arrival at Amsterdam's Schiphol airport, U.S. and European Union passengers travelling from Atlanta will be able to skip a 5-day quarantine in the Netherlands.

Alitalia announced a similar scheme for Rome to New York flights earlier on Friday, and Delta last week introduced one from Atlanta to Rome. Delta, Air France and Alitalia cooperate under the "SkyTeam" airline alliance.

The KLM flights from Atlanta to Amsterdam will run four times a week starting from Dec. 15, the company said, adding that it intends to adopt the system more widely if it is successful.

"Until an approved working vaccine is available worldwide, this testing program represents the first step towards the international travel industry's recovery," KLM CEO Pieter Elbers said in a statement.

(Reporting by Toby Sterling, editing by Louise Heavens)


© Reuters 2020
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Financials
Sales 2020 10 693 M 12 911 M 12 911 M
Net income 2020 -7 023 M -8 480 M -8 480 M
Net Debt 2020 12 768 M 15 417 M 15 417 M
P/E ratio 2020 -0,33x
Yield 2020 -
Capitalization 2 173 M 2 627 M 2 624 M
EV / Sales 2020 1,40x
EV / Sales 2021 1,02x
Nbr of Employees 82 122
Free-Float 48,7%
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Technical analysis trends AIR FRANCE-KLM
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Mean consensus UNDERPERFORM
Number of Analysts 22
Average target price 3,29 €
Last Close Price 5,08 €
Spread / Highest target 57,4%
Spread / Average Target -35,3%
Spread / Lowest Target -98,0%
EPS Revisions
Managers and Directors
NameTitle
Benjamin M. Smith Chief Executive Officer & Director
Anne-Marie Couderc Non-Executive Chairman
Frédéric Gagey Chief Financial Officer
Jean-Christophe Lalanne Executive Vice President-Information Technology
Maryse Aulagnon Independent Director
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