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

AIR FRANCE-KLM

(AF)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 10/30 01:51:40 pm
2.785 EUR   +0.11%
10:42aAIR FRANCE-KLM : Credit Suisse reiterates its Sell rating
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08:30aAIR FRANCE-KLM : Bernstein reiterates its Neutral rating
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07:41aAIR FRANCE-KLM : UBS remains Neutral
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Air France KLM : future in doubt without cost cuts - Dutch minister

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09/13/2020 | 08:54am EDT
Passengers wait at the Air France desk at Nice international airport

Air France-KLM might not survive its current crisis if the airline group cannot lower its costs, Dutch Finance minister Wopke Hoekstra said on Sunday.

"The survival of Air France-KLM is not a given," Hoekstra said in an interview on Dutch public television.

"They will have to address their cost base even as things stand now. And suppose this situation lasts until the end of next year, then they will have to cut even deeper."

Air France-KLM's immediate future was secured by the French and Dutch governments in July, as they provided a total of 10.4 billion euros ($12.3 billion) in bailout loans and guarantees to help the group survive the disastrous effects of the COVID-19 pandemic on air travel.

In return for the support, Dutch arm KLM has said it would cut another 1,500 jobs, reducing its staff by 20%, while a pay hike agreed for 2020 was frozen by the company.

French arm Air France plans to cut 6,500 jobs, or 16% of its workforce, through 2022.

So far, however, KLM has failed to reach an agreement with unions on the cuts needed to meet the requirements set by the Dutch government.

Hoekstra indicated a thorough restructuring would be necessary for governments to contemplate further support.

"KLM will always be very important for the Dutch economy. But the question is whether that will be enough", he said.

Air France-KLM said last month that it was losing 10 million euros per day due to the coronavirus crisis.

(Reporting by Bart Meijer; Editing by Susan Fenton)


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Financials
Sales 2020 11 903 M 13 870 M 13 870 M
Net income 2020 -6 083 M -7 088 M -7 088 M
Net Debt 2020 12 517 M 14 584 M 14 584 M
P/E ratio 2020 -0,21x
Yield 2020 -
Capitalization 1 189 M 1 387 M 1 386 M
EV / Sales 2020 1,15x
EV / Sales 2021 0,82x
Nbr of Employees 82 532
Free-Float 50,1%
Chart AIR FRANCE-KLM
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Technical analysis trends AIR FRANCE-KLM
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 21
Average target price 2,80 €
Last Close Price 2,78 €
Spread / Highest target 188%
Spread / Average Target 0,55%
Spread / Lowest Target -82,0%
EPS Revisions
Managers
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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