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Air France-KLM (symbol: AFLYY) is a leading global airline company headquartered in France. The company operates through two main hubs, Paris-Charles de Gaulle (CDG) and Amsterdam Schiphol (AMS), offering a comprehensive network of passenger and cargo services.
Air France-KLM provides scheduled passenger air transportation, cargo transportation, and maintenance services. The company's fleet is one of the most modern and efficient in the world, ensuring safety, comfort, and sustainability. Recently, Air France-KLM announced the launch of a tender offer to repurchase two series of existing notes, aiming to optimize its debt profile. The notes involved are €750,000,000 1.875% notes due January 2025 and €500,000,000 3.875% notes due July 2026. This initiative is part of the company's strategy to manage its financial obligations dynamically.
The company also successfully issued new bonds totaling €650 million with a 5-year maturity, demonstrating strong investor confidence. These new bonds will help in refinancing part of the existing debt and supporting general corporate purposes. The bonds are expected to be rated BBB- by Fitch and BB+ by S&P.
Air France-KLM's ongoing projects emphasize sustainability and technological advancement, including fleet renewal programs and digital transformation initiatives. The company has established numerous partnerships to enhance its operational efficiency and expand its market reach.
With an extensive network and a strong commitment to innovation and sustainability, Air France-KLM remains a significant player in the global aviation industry. For more information about the company's latest news and financial performance, visit their website at www.airfranceklm.com.
Air France-KLM and CMA CGM have formed a strategic partnership in air cargo, set to last 10 years. This collaboration combines Air France-KLM’s air transport expertise with CMA CGM’s logistics capabilities, leveraging a fleet of 10 full-freighter aircraft and 12 additional on order. CMA CGM will acquire up to 9% of Air France-KLM's capital, reinforcing its role as a reference shareholder. The partnership aims to enhance service offerings, ensuring integrated supply chains for customers while pursuing sustainability goals, including a commitment to Net Zero Carbon by 2050.
The press release provides information on the total number of voting rights and shares as of April 30, 2022, in compliance with French market regulations.
On this date, the company had 642,634,034 shares, leading to a theoretical total of 871,090,780 voting rights, which includes double voting rights.
In the first quarter of 2022, Air France-KLM Group reported a positive EBITDA of €221 million, representing a substantial increase of €864 million from the previous year. Total revenues surged to €4,445 million, an increase of 105.7% year-over-year. Despite a net loss of €552 million, this was an improvement of €930 million compared to Q1 2021. Adjusted operating free cash flow was positive at €630 million, with net debt reduced to €7.7 billion. The Group anticipates a strong summer season with capacity expected to be between 80% and 90% of pre-pandemic levels.
Air France-KLM has announced its Combined Ordinary and Extraordinary Shareholders’ Meeting scheduled for May 24, 2022, at the Hilton Paris Charles de Gaulle Hotel.
Shareholders can access meeting documents on the company’s website and are encouraged to vote remotely via secure platforms or by mail. The agenda and draft resolutions are published in the Bulletin des Annonces Légales Obligatoire. The meeting will be broadcast live online, allowing shareholders to participate even if they cannot attend in person.
On March 31, 2022, the total number of shares for the company stood at 642,634,034. The theoretical number of voting rights, which accounts for all voting rights including double voting rights, is reported at 867,720,638. This information complies with the French market authority regulations, ensuring transparency regarding shareholder voting rights.
Air France-KLM filed its 2021 Universal Registration Document with the Autorité des Marchés Financiers on April 4, 2022. The document is accessible in French and English on Air France-KLM’s website and contains key components such as the Annual Financial Report, corporate governance details, and statutory auditors’ reports. This filing complies with European Single Electronic Format regulations and is presented in XBRL format.
Air France-KLM announced significant governance changes on March 31, 2022. CEO Benjamin Smith's mandate is renewed for an additional five years, lasting until at least May 2027. In addition, Marjan Rintel will take the role of CEO of KLM starting July 1, 2022, replacing Pieter Elbers. Rintel, with a robust background in the airline industry, previously led NS, the Dutch railway operator. These strategic moves aim to stabilize leadership and enhance the Group's competitive edge in the complex airline market.
The press release provides details regarding the total number of voting rights and shares as mandated by L.233-8 II of the French code of commerce. As of February 28, 2022, the company has 642,634,034 shares outstanding, which translates to a total of 867,720,638 theoretical voting rights, including double voting rights. This information is crucial for shareholders and potential investors, ensuring transparency in ownership and control.
Air France-KLM reported a positive operating result of 178 million euros for Q4 2021, exceeding pre-COVID performance in Q4 2019, despite lower revenues. The group achieved net income of -127 million euros, an 874 million euro improvement year-on-year, driven by a revenue increase to 4,838 million euros.
In 2021, the company realized a full-year EBITDA of 745 million euros and reduced net debt to 8.2 billion euros, down by 2.8 billion euros from 2020. However, uncertainties from the Omicron variant impacted January 2022 capacity forecasts.
The press release provides crucial information regarding the total number of shares and voting rights for the company as mandated by French regulations.
As of January 31, 2022, the total number of shares stands at 642,634,034, with a theoretical voting rights total of 867,692,909. This figure includes all voting rights, encompassing those with double voting privileges.
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