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AIR FRANCE-KLM ADS - AFLYY STOCK NEWS

Welcome to our dedicated page for AIR FRANCE-KLM ADS news (Ticker: AFLYY), a resource for investors and traders seeking the latest updates and insights on AIR FRANCE-KLM ADS stock.

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.

News

Declaration of number of voting rights

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Declaration of number of voting rights. Total number of voting rights as of 08/31/2023 is 284,532,627.
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Reverse share split and capital reduction - completion of the operations

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Air France - KLM completes reverse share split and capital reduction
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Declaration of number of voting rights

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Terms of the implementation of Air France - KLM reverse share split

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Air France - KLM has announced the implementation of a reverse share split, exchanging 10 existing shares for 1 new share. The reverse split has no direct impact on the total value of shares held by each shareholder. The implementation period is from July 31, 2023, to August 30, 2023. Shareholders who do not hold a whole number of existing shares must buy or sell fractional shares to obtain a multiple of 10. Existing shares that have not been consolidated will be delisted at the end of the reverse split period. The new shares resulting from the reverse split will be admitted to trading on Euronext Paris from August 31, 2023.
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Availability of the 2023 First Half Financial Report

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Air France-KLM has filed its 2023 First Half Financial Report with the Autorité des Marchés Financiers (AMF). The report is available in French on the Air France-KLM and AMF websites, and in English on the Air France-KLM website.
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Q2 2023 Financial Results

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Air France-KLM reports strong Q2 results with a 9.6% operating margin and €0.6 billion in positive adjusted operating free cash flow. Group capacity is at 92% compared to 2019. Revenues improved by €0.9 billion compared to last year. Net debt decreased by €1.4 billion. Net income is at €0.6 billion. Air France secures €0.5 billion financing for Engineering and Maintenance activity.
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Exclusive discussion between Air France KLM and Apollo on Loyalty Program

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Definitive agreement with Apollo on MRO assets

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Air France - KLM reverse share split and share capital reduction

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Air France - KLM announces the implementation of a reverse share split and share capital reduction. The reverse share split will result in the allocation of 1 new ordinary share for 10 existing shares, with a division by 10 of the number of outstanding shares. The share capital reduction will decrease the par value of each share from 10 euros to 1 euro, with a reduction of 9 euros per share.
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Declaration of number of voting rights

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FAQ

What is the current stock price of AIR FRANCE-KLM ADS (AFLYY)?

The current stock price of AIR FRANCE-KLM ADS (AFLYY) is $0.97695 as of October 15, 2024.

What is the market cap of AIR FRANCE-KLM ADS (AFLYY)?

The market cap of AIR FRANCE-KLM ADS (AFLYY) is approximately 2.7B.

What services does Air France-KLM provide?

Air France-KLM offers scheduled passenger air transportation, cargo transportation, and maintenance services.

What recent financial actions has Air France-KLM taken?

Air France-KLM launched a tender offer to repurchase two series of existing notes and issued new bonds totaling €650 million.

How does Air France-KLM plan to use the proceeds from the new bonds?

The proceeds will be used to refinance part of the existing debt and support general corporate purposes.

What are the credit ratings for Air France-KLM's new bonds?

The new bonds are expected to be rated BBB- by Fitch and BB+ by S&P.

Where can I find more information about Air France-KLM?

You can find more information on the company's official website at www.airfranceklm.com.

What are Air France-KLM's main hubs?

The main hubs are Paris-Charles de Gaulle (CDG) and Amsterdam Schiphol (AMS).

How is Air France-KLM contributing to sustainability?

The company focuses on fleet renewal and digital transformation initiatives to enhance sustainability.

What is the significance of the recent bond issuance by Air France-KLM?

The bond issuance demonstrates strong investor confidence and aids in extending the company's average debt maturity profile.

How much was the total principal amount tendered in Air France-KLM's recent offer?

A total principal amount of €452.7 million was tendered, representing 36.2% of the outstanding existing notes.

What is the maturity period for the new bonds issued by Air France-KLM?

The new bonds have a 5-year maturity.

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AFLYY Stock Data

2.65B
125.10M
0.36%
0.05%
Airlines
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