The Latest Breaking News from AFLYY

Increasing travel demand brightens the travel industry’s outlook. Given this backdrop, fundamentally sound travel stocks Ryanair Holdings (RYAAY), Air France-KLM (AFLYY), and Cathay Pacific Airways (CPCAY) could be ideal buys now. Read on….

The airline industry has experienced tremendous growth in recent years and should continue to grow amid the integration of advanced technologies. Hence, fundamentally strong airline stocks Delta Air Lines (DAL), United Airlines (UAL), Air Canada (ACDVF), and Air France-KLM (AFLYY) might be worth adding to your watchlist. Read on.

The airline industry’s prospects for this year look bright on strong travel demand. However, staffing shortage remains a concern. Therefore, fundamentally strong airline stocks Deutsche Lufthansa (DLAKY), Air France (AFLYY), and Copa (CPA) might be solid buys in 2023. However, Spirit (SAVE) is best avoided now, given its weak fundamentals…

Air France-KLM (OTC:AFLYY) has established an agreement with CFM International to acquire 200 LEAP-1A engines to power its new fleet of Airbus SE (OTC:EADSY) A320neo and A321neo. Financial terms were not disclosed. CFM International is a 50/50 joint venture between GE Aviation, a division of General Electric Co (NYSE:GE), and Safran Aircraft Engines, a division of Safran (OTC:SAFRY). Last…

CMA CGM, a French shipping company, invests in Air France-KLM (OTC:AFLYY) as part of an air cargo partnership, counting on growing demands for flying goods worldwide while supply chains remain snarled in the aftermath of the pandemic, Reuters reported. CMA CGM will take up to 9% of Air France-KLM, worth ~€240 million ($252…