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


Delayed Quote. Delayed Euronext Paris - 10/26 12:39:53 pm
3.157 EUR   -4.04%
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10/19Qatar Airways expects to keep A380s parked for years
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Air France KLM : European flights resume from Edmonton; KLM RETURNS TO EIA; KLM offering twice-weekly service in circle route to Amsterdam

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09/23/2020 | 09:51am EDT

Edmonton, AB - A vital connection to Europe and destinations beyond is returning to Edmonton with KLM Royal Dutch Airlines offering essential service from Edmonton International Airport (EIA).

After a five month pause, KLM will resume offering its non-stop service from Edmonton to Amsterdam, beginning October 29, 2020. The twice weekly service will operate Thursdays and Saturdays with a 787-9 Dreamliner aircraft. KLM and EIA worked tirelessly to develop a scenario which adheres to all current health and travel restrictions and provides the Edmonton Metro Region with international access non-stop from Edmonton.

Due to federal restrictions, international flights are still not allowed to land at EIA, however, that restriction only applies to flights arriving to (not departing from) EIA. As such, KLM will implement a circle route that will see it arrive at Calgary International Airport when it returns to Canada, picking up passengers in Calgary, then flying to EIA to pick up Edmonton travellers and then continue non-stop to Amsterdam. KLM will not operate or sell solely the domestic Calgary-Edmonton route.

'Resuming international service is a major priority for us. Service to Amsterdam will help open the world back up for our passengers as well as provide an important cargo route. KLM has been a tremendous partner for EIA and the Edmonton Metro Region and we're glad to have one of the world's oldest and top airlines returning to our runways.'

Tom Ruth, CEO and President Edmonton International Airport

For travel to Amsterdam and Europe in general, passengers need to know:

The Netherlands currently has no travel restrictions for Canadians. However, non-essential travel outside of Canada is still not recommended by the Government of Canada. Information about restrictions in other European countries is available online at europa.eu/en/

Upon returning to Edmonton, travellers will be required to observe a 14-day quarantine under current health guidelines.

Passenger continuing from Amsterdam and beyond Europe should research what restrictions may be in place in their final destination. Information is available from the International Air Transport Association at com/world.php

All returning passengers will arrive in Calgary to clear Canadian Customs and health screening before continuing back to Edmonton.

The Air France KLM Group has instituted the highest hygiene standards throughout its travel chain, both in-flight and on the ground. Passengers travelling on board KLM are required to wear a mask for the duration of the flight. Detailed information about travelling from Canada on KLM is available online.

EIA's top priority is and always will be safety and security. This unique flight adheres to all current federal air service regulations. Transport Canada, Canada Border Services Agency, Public Health Agency of Canada, and Alberta Health Services were consulted and provided guidance and approval on this operation.

During its five years of service to Edmonton, KLM has provided hundreds of millions of dollars in economic impact to Western Canada and has served as a vital link between Europe and Canada. The return of KLM service provides much needed access for essential travellers, cargo and trade connections. Numerous regional businesses have relied on this flight for regular, timely cargo access into Europe over the past five years. KLM's air service in Edmonton impacts a wide variety of sectors in Alberta and Western Canada including tourism and hospitality, agri-food, oil and gas, technology, logistics and transportation, aerospace/aviation and others. This return shows confidence in Edmonton and will be a pillar in Alberta's economic recovery from COVID-19.

There are roughly 250 passenger flights a week currently taking place at EIA. Under its 'EIA Ready' campaign, airport staff have continued enhanced levels of cleaning that have been in place since March. The airport is also working with partners such as the Canadian Air Transport Security Authority (CATSA) on safety measures such as temperature screening for passengers starting September 23, and mandating masks inside the terminal building. Please visit flyeia.com/ready for more information, including current flights available.

About Edmonton International Airport

Edmonton International Airport is a self-funded, not-for-profit corporation whose mandate is to drive economic prosperity for the Edmonton Region. EIA is Canada's fifth-busiest airport by passenger traffic and the largest major Canadian airport by land area. EIA offers non-stop connections to destinations across Canada, the US, Mexico, the Caribbean and Europe. EIA is a major economic driver, with an economic output of over $3.2 billion, supporting over 26,000 jobs in 2019. For more information, please visit: flyeia.com, follow @flyeia on Twitter, Instagram, Linkedin or Facebook.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Sales 2020 12 019 M 14 207 M 14 207 M
Net income 2020 -6 054 M -7 156 M -7 156 M
Net Debt 2020 12 489 M 14 763 M 14 763 M
P/E ratio 2020 -0,24x
Yield 2020 -
Capitalization 1 349 M 1 595 M 1 595 M
EV / Sales 2020 1,15x
EV / Sales 2021 0,82x
Nbr of Employees 82 532
Free-Float 50,1%
Duration : Period :
Air France-KLM Technical Analysis Chart | MarketScreener
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Technical analysis trends AIR FRANCE-KLM
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus UNDERPERFORM
Number of Analysts 21
Average target price 2,85 €
Last Close Price 3,16 €
Spread / Highest target 153%
Spread / Average Target -9,72%
Spread / Lowest Target -84,2%
EPS Revisions
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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