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

AIR FRANCE-KLM

(AF)
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Air France's revenue fell 70% in August - CEO to paper

09/30/2020 | 09:05am EST
Nice international airport during the outbreak of the coronavirus disease

Air France suffered a 70% fall in revenue in August as its international network operated at around 30% of full capacity, its chief executive told Italian newspaper Corriere della Sera.

The carrier, part of Air France-KLM, is still burning through 10 million euros in cash a day but is working to limit losses, CEO Anne Rigail said in an interview published on Wednesday.

The airline group has formed a new transatlantic joint venture with Delta Air Lines and Virgin Atlantic, replacing a previous partnership that had included Italy's Alitalia.

Rigail invited Alitalia, which is due to be nationalised, to join the new group, even if as a second level member.

"Alitalia is a long-standing partner and we will propose to them to join the joint venture as an associate member. I want to maintain a strong relationship with them," she said.

Rigail ruled out an investment in Alitalia but expressed interest in its offer of rapid tests for COVID-19 for passengers flying on certain routes.

"Before we have a vaccine we could reopen some routes with rapid tests as (Alitalia) is experiencing in Milan and Rome," she told the newspaper.

(This story corrects to refer to network capacity (not seats), paragraph 1)

(Reporting by Francesca Landini; editing by Jason Neely)


© Reuters 2020
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Financials
Sales 2020 10 904 M 13 045 M 13 045 M
Net income 2020 -7 152 M -8 556 M -8 556 M
Net Debt 2020 12 698 M 15 190 M 15 190 M
P/E ratio 2020 -0,33x
Yield 2020 -
Capitalization 2 306 M 2 758 M 2 759 M
EV / Sales 2020 1,38x
EV / Sales 2021 0,98x
Nbr of Employees 82 122
Free-Float 50,1%
Chart AIR FRANCE-KLM
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Technical analysis trends AIR FRANCE-KLM
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 22
Average target price 3,13 €
Last Close Price 5,40 €
Spread / Highest target 48,3%
Spread / Average Target -41,9%
Spread / Lowest Target -90,7%
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
Sector and Competitors
1st jan.Capitalization (M$)
AIR FRANCE-KLM-45.63%2 758
INTERGLOBE AVIATION LIMITED13.54%7 870
QANTAS AIRWAYS LIMITED-22.22%7 658
EASYJET PLC-41.12%5 083
KOREAN AIR LINES CO.,LTD.-11.23%4 043
VIETJET AVIATION-17.85%2 685