AFRAF News and Press, Air France-KLM From 06/21/23

2023-06-21 10:41:18 ET Summary The company's net debt was further reduced by €1 billion. Air France-KLM is focusing on improving its balance sheet, which is a positive catalyst to address investor concerns. The company is taking steps to achieve the medium-term core ope...

2023-06-07 13:57:22 ET The Federal Aviation Administration on Wednesday issued a ground stop LaGuardia Airport in New York due to clouds of smoke obscuring the skies over the Northeast. A ground stop was instituted at 12:50PM ET at the New York hub for domestic flights and is du...

2023-06-06 20:20:20 ET Summary IATA has significantly increased its forecast profits for 2023. U.S. Global Jets ETF is not the desired way to capitalize on this as growth is driven by European airlines, which have low exposure in the ETF. North America remains a very strong re...

2023-06-05 08:09:27 ET The global airline sector received a shot of confidence from the International Air Transport Association, which announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. IATA forecast airline industry net prof...

2023-05-30 04:31:14 ET Summary Problems at KLM and Transavia make headlines in Dutch media. Problems are partially linked to problems in the aerospace supply chain and the wider issues with the Pratt & Whitney turbofans. While inconvenient, the impact relative to the full ...

2023-05-25 02:52:30 ET France Business Confidence decreased to 99 points in May from 101 points in April of 2023. ETFs: ( EWQ ), ( FLFR ). For further details see: France business confidence drops to 99 points in April

2023-05-11 18:26:28 ET Summary Air France-KLM SA first quarter results produced a higher than expected loss. Second quarter results are likely to be impacted by airplane shortages and Schiphol Airport capacity constraints. There could be impact on full year results, but the fu...

2023-05-08 01:03:07 ET Air France-KLM SA (AFRAF) Q1 2023 Earnings Conference Call May 5, 2023 2:15 A.M. ET Company Participants Benjamin Smith - Chief Executive Officer Steven Zaat - Chief Financial Officer Erik Swelheim - Chief Financial Officer, KLM Confe...

2023-04-24 07:00:44 ET Berlin Brandenburg airport announced the cancellation of all departures on Monday as workers in the German capital’s airport walked out in protest. “Due to the announced warning strike at the aviation security controls, no departures are poss...

2023-04-03 12:06:18 ET Airline stocks traded lower on Monday in reaction to the surprise production cut announced over the weekend by major oil producers in the OPEC+ group. Saudi Arabia, the top producer in the group that includes Russia, will cut 500K barrels per day . The total n...