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AIR FRANCE-KLM

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Air France KLM : Ryanair says Air France bailout to damage competition for decades

04/06/2021 | 11:51am EDT
FILE PHOTO: A Ryanair Boeing 737 airplane takes off from the airport in Palma de Mallorca

DUBLIN (Reuters) - A recapitalisation of Air France-KLM that will see France more than double its stake to nearly 30% will damage competition for decades to come, Europe's largest low-cost carrier Ryanair said on Tuesday.

"This latest tranche of state aid to Air France combined with these ineffective remedies will damage competition in the air transport market for decades to come," the airline said in an emailed statement.

"The 18 slots that Air France is being required to make available is nowhere near enough to allow others to offer a competitive challenge to Air France's dominance at Paris Charles de Gaulle and Paris Orly airports," the statement said.

(Reporting by Conor Humphries and Laurence Frost; editing by David Evans)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM 2.24% 4.98 Real-time Quote.-2.73%
RYANAIR HOLDINGS PLC 0.79% 16 Real-time Quote.-1.57%
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More news
Financials
Sales 2021 14 257 M 17 085 M 17 085 M
Net income 2021 -2 579 M -3 091 M -3 091 M
Net Debt 2021 12 721 M 15 244 M 15 244 M
P/E ratio 2021 -0,96x
Yield 2021 -
Capitalization 2 129 M 2 550 M 2 551 M
EV / Sales 2021 1,04x
EV / Sales 2022 0,72x
Nbr of Employees 70 757
Free-Float 33,6%
Chart AIR FRANCE-KLM
Duration : Period :
Air France-KLM Technical Analysis Chart | MarketScreener
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Technical analysis trends AIR FRANCE-KLM
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 20
Average target price 3,53 €
Last Close Price 4,98 €
Spread / Highest target 60,6%
Spread / Average Target -29,2%
Spread / Lowest Target -98,0%
EPS Revisions
Managers and Directors
NameTitle
Benjamin M. Smith Chief Executive Officer & Director
Frédéric Gagey Chief Financial Officer
Anne-Marie Couderc Non-Executive Chairman
Jean-Christophe Lalanne Executive Vice President-Information Technology
Maryse Aulagnon Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AIR FRANCE-KLM-2.73%2 550
DELTA AIR LINES, INC.15.99%29 730
RYANAIR HOLDINGS PLC-1.57%21 621
UNITED AIRLINES HOLDINGS, INC.29.18%18 078
AIR CHINA LIMITED9.18%17 905
CHINA SOUTHERN AIRLINES COMPANY LIMITED21.00%14 654