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AIR FRANCE-KLM

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Air France KLM : unions hold back on calling new strike

05/07/2018 | 12:38pm EDT

PARIS (Reuters) - Air France unions do not intend to renew their strike notice, two union officials said during a meeting on Monday, after the French carrier was plunged into turmoil by the resignation of its top boss.

Shares in parent Air France-KLM closed nearly 10 percent lower on Monday, after striking airline staff rejected a wage deal offered by managers and CEO Jean-Marc Janaillac said on Friday he would step down.

Staff walked out again on Monday and were due to press on with planned stoppages on Tuesday, but unions did not intend to call for more strike days following their meeting, the officials said.

Instead, labour representatives will demand to meet with Air France management, they said.

(Reporting by Cyril Altmeyer; Writing by Sarah White; Editing by Geert De Clercq)


© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM -2.05% 3.917 Real-time Quote.-23.50%
STEP CO.,LTD. -0.37% 1873 End-of-day quote.17.28%
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Analyst Recommendations on AIR FRANCE-KLM
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Financials
Sales 2021 13 838 M 16 112 M 16 112 M
Net income 2021 -3 100 M -3 610 M -3 610 M
Net Debt 2021 10 854 M 12 638 M 12 638 M
P/E ratio 2021 -0,72x
Yield 2021 -
Capitalization 2 512 M 2 922 M 2 925 M
EV / Sales 2021 0,97x
EV / Sales 2022 0,65x
Nbr of Employees 75 175
Free-Float 47,5%
Chart AIR FRANCE-KLM
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Technical analysis trends AIR FRANCE-KLM
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 21
Last Close Price 3,92 €
Average target price 3,44 €
Spread / Average Target -12,2%
EPS Revisions
Managers and Directors
Benjamin M. Smith Chief Executive Officer & Director
Steven Zaat Chief Financial Officer
Anne-Marie Couderc Non-Executive Chairman
Jean-Christophe Lalanne Executive Vice President-Information Technology
Isabelle Bouillot Independent Director
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1st jan.Capi. (M$)
AIR FRANCE-KLM-23.50%2 922
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