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    AF   FR0000031122

AIR FRANCE-KLM

(AF)
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Real-time Euronext Paris  -  11:35 2022-12-02 am EST
1.285 EUR    0.00%
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Amsterdam's Schiphol airport reduces daily passenger flow by 18% due to labour shortage

09/16/2022 | 07:12am EST

AMSTERDAM, Sept 16 (Reuters) - Amsterdam's Schiphol airport will reduce daily passenger numbers by 18% until at least Oct. 31 due to labour shortages, it said on Friday.

Schiphol, one of Europe's busiest airports, continues to grapple with long lines mainly due to a shortage of security staff, leading to some travellers missing their flights.

"This decision is bad news for passengers and for airlines," Hanne Buis, chief operating officer of the Royal Schiphol Group, said in a statement. "The reduction is necessary to guarantee the safety of our passengers and employees."

Airline KLM, which is part of Air France-KLM, said Schiphol's decision was "disappointing".

The airport said its decision would reduce average passenger numbers through the airport to 54,500 a day for the rest of September and to 57,000 in October.

On Thursday, the airport's chief executive, Dick Benschop, handed in his notice after measures he took to overcome the crisis proved insufficient.

Travel at Schiphol has been disrupted on and off since April. Hundreds of flights have been cancelled, and queues have become routine. (Reporting by Charlotte Van Campenhout and Bart Meijer; Editing by Andrew Cawthorne and Susan Fenton)


ę Reuters 2022
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Analyst Recommendations on AIR FRANCE-KLM
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Financials
Sales 2022 25 281 M 26 508 M 26 508 M
Net income 2022 173 M 182 M 182 M
Net Debt 2022 8 204 M 8 602 M 8 602 M
P/E ratio 2022 15,0x
Yield 2022 -
Capitalization 3 300 M 3 461 M 3 461 M
EV / Sales 2022 0,46x
EV / Sales 2023 0,44x
Nbr of Employees 72 439
Free-Float 47,1%
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Technical analysis trends AIR FRANCE-KLM
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TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 15
Last Close Price 1,28 €
Average target price 1,56 €
Spread / Average Target 21,5%
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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