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The Latest Breaking News from Air FranceKLM

How KLM plans to grow despite government curbs

The Dutch government is limited the number of flights allowed, squeezing the airline.

Fortune

Europe's airlines plunge as U.S. recession fears threaten Americans' 'unbelievable' spending

Shares in IAG and Air France-KLM fell as fears of a U.S. recession weigh on holiday spending hopes.

Fortune

Strikes Hit Lufthansa Profits, Olympics Dent Air France

German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delays in aircraft deliveries, but vowed a turnaround plan will boost earnings this year.

International Business Times

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Kenya Airways Shares Trade Again After Four-year Hiatus

The airline sought a suspension in July 2020 when the government proposed a law to renationalize the troubled carrier in the midst of the Covid-19 pandemic that devastated global air travel.

International Business Times

French pilots union calls strike over planned tripling of flight taxes

A leading French pilots union is calling for strike action this Thursday to protest against a government proposal to triple the levy on flight tickets as part of wider plans to plug a hole in France's state budget. The planned increase is set to raise up to €1 billion a…

Radio France Internationale

Delta says it will lose $100 million as tourists skip Paris because of the Olympics

This year’s Summer Olympics in Paris runs from July 26 through August 11 with 15 millions visitors expected

The Independent UK

Air France Says Olympic Games Has Cut Summer Traffic To Paris

Air France-KLM warned Monday that the Olympic Games would lead to a drop in revenues of up to 180 million euros ($193 million), due to a decline in travel to Paris over the summer.

International Business Times

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Airlines Eye 'New Frontier' Of AI Ahead Of Global Summit

Airlines may not be replacing pilots with artificial intelligence anytime soon, but aviation industry experts say the new technology is already revolutionising the way they do business.

International Business Times

British Airways Owner IAG, Air France-KLM Post Bumper Profits

Europe's aviation industry extended a bounceback from the Covid pandemic on Thursday, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits.

International Business Times

Air France-KLM posts record profit despite problematic 2023

Franco-Dutch airline Air France-KLM on Thursday announced a record net profit of 934 million euros for 2023, despite a tough end to the year marked by operational difficulties and the Middle East conflict.

Radio France Internationale

EU Court Sides With Ryanair Over Air France-KLM Aid

A top EU court annulled on Wednesday the approval of a pandemic state aid programme for Air France-KLM that had been challenged by Irish rival Ryanair and Malta Air.

International Business Times

EU court annuls approval of French pandemic aid to Air France and Air France-KLM

Low-cost airlines Ryanair and Malta Air have won a court case against the European Union’s decision to approve billions of euros in state aid by the French government to holding company Air France-KLM during the COVID-19 pandemic

The Independent UK

Air France, Lufthansa and Etihad have false environmental ads banned

The airlines urged customers to "fly more sustainably" with them, but the ASA said there was no evidence they could do so.

Fortune

Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced

Shares in Scandinavian Airlines have dropped more than 90% after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased

The Independent UK

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Radio France Internationale

Air France-KLM says new order from Airbus will help reach sustainability targets

Air France-KLM announced that it will place a "major order" for 50 long-haul Airbus A350s, as part of its effort to introduce more fuel-efficient planes and reach sustainability targets.

Radio France Internationale

Air France-KLM reports bumper profits as French economic growth rises

Air France-KLM has announced it has doubled its year-on-year net profit in the second quarter of 2023 to €604 million, benefiting from high demand in air travel despite rising inflation which has increased costs.

Al Jazeera

KLM ‘unrest’ travel warning for Kenya, Tanzania sparks anger

Kenyan and Tanzanian governments accuse the carrier of spreading ‘unfounded’ claims about purported ‘civil unrest’.

StockNews.com

3 Energy Stocks to Help Fire Up Your Portfolio This Winter

Despite the recent retreat in oil and gas prices from their peaks due to concerns of an economic slowdown, the energy supply is expected to lag behind its demand in the long run. The energy sector has outperformed the broader market this year, and the reopening of the Chinese economy…

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StockNews.com

2 Oil and Gas Stocks to Buy Into the New Year

Energy has outperformed the broader market this year. Despite the recent decline in oil and gas prices from their peaks, analysts remain bullish on the sector’s performance next year. Thus, as we head into the new year, it could be wise to buy fundamentally sound energy stocks Shell plc (SHEL)…

StockNews.com

3 Stocks That Stand to Benefit from the Ongoing Energy Crisis

Despite the recent retreat in oil and gas prices from their peaks, a surge in demand due to the onset of a chilly winter in the U.S. and Europe and the reopening of China’s economy could boost oil and gas prices significantly. Therefore, we think it could be wise to…

Radio France Internationale

Air France-KLM shares plummet after bond sale announcement

Air France-KLM shares fell more than 10 percent on Wednesday after the European airline group announced the sale of bonds convertible into new shares worth 300 million euros to pay back state aid and boost capital.

Bangkok Post

Don't Expect Cheap Airfares to Come Back Soon, Airline Executives Say

Airfares are sky high, and airline executives expect them to stay that way.

Bangkok Post

Air France-KLM revenue tops pre-Covid levels

PARIS: The European airline group Air France-KLM said Friday that its third quarter revenues had exceeded its pre-pandemic turnover in 2019, fuelled by strong post-Covid demand for travel.

Bangkok Post

Ocean Shipping Lines Turn to Planes as Supply-Chain Snarls Deepen

For the giants of ocean trade, big ships aren't enough anymore; they need planes, too.

Benzinga

Air France-KLM Inks Agreement With CFM For Engine Configuration

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…

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