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

AIR FRANCE-KLM

(AF)
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REFILE-Air France-KLM prepares COVID-19 vaccine airlift

11/18/2020 | 12:31pm EST

PARIS, Nov 18 (Reuters) - Air France-KLM is among airlines gearing up for the challenge of transporting millions of doses of temperature-sensitive COVID-19 vaccines in the midst of a travel slump.

Breakthrough vaccines developed by Pfizer and Moderna have yet to win final approval, but the drugmakers, their logistics and cargo providers are not waiting for a green light to activate freight plans.

Air France-KLM, which has decades of experience shipping medicines and vaccines in temperature-controlled conditions, is preparing a test run in coming days to fly out dummy vaccine shipments, likely from KLM's Amsterdam-Schiphol hub.

The task is complicated by the conditions required by the Pfizer and Moderna shots - with respective storage temperatures of minus 80 Celsius and minus 20C.

"It's going to be a major logistics challenge," said Air France cargo chief Christophe Boucher, citing the "massive" volume of vaccines to be distributed globally.

"Another difficulty is the temperature control," Boucher said in an interview at Paris-Charles de Gaulle airport - where cargo specialists were preparing to load consignments of super-cooled rabies vaccines bound for Brazil.

The COVID-19 airlift is being planned amid a partial shutdown of global air travel. Airlines have warned that travel curbs could hamper the effort, since around 45% of global cargo typically travels in passenger plane holds.

Air France-KLM does not rule out bringing idled jets back into service for the vaccine shipments, pharma cargo manager Florent Gand said. "We have some planes currently grounded that we can use if necessary to transport the COVID-19 vaccines around the world." (Reporting by Noemie Olive and Laurence Frost; Editing by Mark Potter)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM -2.47% 4.7 Real-time Quote.-8.20%
EURO / BRAZILIAN REAL (EUR/BRL) 2.24% 6.6542 Delayed Quote.2.58%
MODERNA, INC. -1.47% 131.02 Delayed Quote.25.41%
PFIZER INC. 0.19% 36.55 Delayed Quote.-0.71%
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Financials
Sales 2020 10 910 M 13 277 M 13 277 M
Net income 2020 -7 056 M -8 587 M -8 587 M
Net Debt 2020 12 916 M 15 718 M 15 718 M
P/E ratio 2020 -0,32x
Yield 2020 -
Capitalization 2 009 M 2 445 M 2 445 M
EV / Sales 2020 1,37x
EV / Sales 2021 1,02x
Nbr of Employees 82 122
Free-Float 49,8%
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Technical analysis trends AIR FRANCE-KLM
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Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 22
Average target price 3,34 €
Last Close Price 4,70 €
Spread / Highest target 70,2%
Spread / Average Target -28,9%
Spread / Lowest Target -97,9%
EPS Revisions
Managers and Directors
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
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