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AIR FRANCE-KLM

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Real-time Euronext Paris  -  11:35 2022-08-12 am EDT
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Airline KLM repays last of Dutch government loans

06/30/2022 | 03:20am EDT
FILE PHOTO: Logo of Air France KLM Group is pictured on the first Air France airliner's Airbus A350 during a ceremony at the aircraft builder's headquarters of Airbus in Colomiers

AMSTERDAM (Reuters) - Dutch airline KLM has paid back the last part of loans granted by the Dutch government during the COVID-19 pandemic, it said on Thursday.

The Dutch arm of airline group Air France-KLM said it had paid back 277 million euros ($289.2 million) after earlier repayments totalling 665 milion euros.

The airline had been given 942 million euros in loans by the Dutch state in 2020 as the pandemic crippled international travel.

($1 = 0.9577 euros)

(Reporting by Bart Meijer; Editing by David Goodman)


© Reuters 2022
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Financials
Sales 2022 23 779 M 24 381 M 24 381 M
Net income 2022 -12,9 M -13,3 M -13,3 M
Net Debt 2022 8 369 M 8 581 M 8 581 M
P/E ratio 2022 -114x
Yield 2022 -
Capitalization 3 907 M 4 006 M 4 006 M
EV / Sales 2022 0,52x
EV / Sales 2023 0,47x
Nbr of Employees 71 984
Free-Float 47,1%
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 1,52 €
Average target price 1,84 €
Spread / Average Target 20,8%
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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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