Air France-KLM has turned the corner on two difficult Covid-years by producing a net profit for Q2. Although HY1 still produced a loss on the back of a weaker Q1 , the airline group expects a “significantly positive” Q3 and…
UPDATE – On the day of its Annual General Meeting in Paris, Air France-KLM announced its long-awaited rights issue. The airline group plans to issue 1.928 million new shares and raise €2.256 billion in fresh capital, of which €400 million…
Air France-KLM intends to sell part of the equity of Air France Engineering & Maintenance to Apollo Global Management, a New York-based asset management company. The negotiations are for a number of spare engines that are owned by the AF…
Air France-KLM is on track for a strong recovery to profitability and will produce ‘a significantly positive’ operating result in the third quarter. After suffering deep losses in the past couple of Covid-years, the airline group reduced its Q1 net…
Air France-KLM is most happy with its Q4 results, which despite the effects of Omicron produced a positive operating result and good load factors. At 3.7 percent, the operating margin has been above the level of Q4 2019, the airline…
Staff, the works council, unions: all are still in shock over Thursday evening’s news that KLM is to lose its current Chief Executive Officer, Pieter Elbers, from May 2023. The announcement has come ‘out of the blue’ for most at the…