Air France-KLM price target lowered to EUR 2.70 from EUR 3.30 at Barclays » 12:1710/1910/19/20
Barclays analyst Rishika…
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Air France-KLM price target lowered to EUR 2.10 from EUR 3.50 at Deutsche Bank » 13:3810/1610/16/20
Deutsche Bank analyst…
Deutsche Bank analyst Jaime Rowbotham lowered the firm's price target on Air France-KLM to EUR 2.10 from EUR 3.50 and keeps a Sell rating on the shares.
|Over a week ago|
Air France-KLM downgraded to Reduce from Hold at HSBC » 06:1809/2909/29/20
HSBC analyst Andrew…
HSBC analyst Andrew Lobbenberg downgraded Air France-KLM to Reduce from Hold with a EUR 2.50 price target. Lobbenberg says the outlook has deteriorated in the last six weeks as COVID-19 cases returned to growth, cutting the demand for air travel. The analyst says flagship carriers are set to struggle as the recovery of corporate and long-haul travel is "distant" and labor restructuring is "hard."
Air France-KLM downgraded to Reduce from Hold at HSBC » 05:1109/2909/29/20
HSBC analyst Andrew…
HSBC analyst Andrew Lobbenberg downgraded Air France-KLM to Reduce from Hold with a EUR 2.50 price target.
KLM steps up labor talks aimed to securing wage cuts, Bloomberg reports » 16:0409/2409/24/20
Air France-KLM's Dutch business is stepping up labor discussions aimed at securing employee wage reductions in time to qualify for a EUR3.4B bailout by the Netherlands government, Bloomberg's Christopher Jasper reports. CEO Pieter Elbers said in an interview that talks with KLM's unions and works council have ramped up as the company seeks to secure the 20% salary cut by October 1, Jasper says. "We are now in the midst of very intensive talks to come to a comprehensive package meeting these requirements," Elbers said. "It's our ambition to have it finalized by Oct. 1. It's a hard deadline." Reference Link
|Over a month ago|
Air France-KLM plans to raise funds by May of next year, Bloomberg reports » 06:1509/0109/01/20
Air France-KLM is…
Air France-KLM is preparing a plan to raise funds by May of next year following a deal with the Dutch and French governments for a rescue package, Bloomberg's Tara Patel reports, citing a statement. The carrier "intends to implement measures to strengthen its equity and quasi-equity," and is redeeming EUR403.3M in notes to reduce financing costs. Reference Link
Air France-KLM downgraded to Market Perform from Outperform at Bernstein » 16:1708/1708/17/20
AFLYY, ICAGY, DLAKY
Bernstein analyst Daniel…
Bernstein analyst Daniel Roeska downgraded Air France-KLM (AFLYY) to Market Perform from Outperform with a EUR 4 price target. The post-COVID recovery for business and long-haul air travel will take longer than expected, which "significantly impairs" the outlooks for the three network airline groups in Europe, Roeska tells investors in a research note. The analyst downgrades Air France-KLM, keeps an Outperform rating on top pick IAG (ICAGY), and a Market Perform rating on Lufthansa (DLAKY).
Air France-KLM price target lowered to EUR 3.20 from EUR 4.75 at Berenberg » 13:0008/0408/04/20
Berenberg analyst Adrian…
Berenberg analyst Adrian Yanoshik lowered the firm's price target on Air France-KLM to EUR 3.20 from EUR 4.75 and keeps a Hold rating on the shares.
Air France-KLM price target lowered to EUR 3.30 from EUR 3.60 at Barclays » 14:4708/0308/03/20
Barclays analyst Rishika…
Barclays analyst Rishika Savjani lowered the firm's price target on Air France-KLM to EUR 3.30 from EUR 3.60 and keeps an Equal Weight rating on the shares.
Air France-KLM sees 'significantly negative' EBITDA in second half » 13:1707/3007/30/20
Air France-KLM said,…
Air France-KLM said, "The Group has introduced stringent sanitary measures on board and, supported by the ongoing 'Travel with Confidence' campaign, has seen a slow recovery of leisure demand in June and July 2020. The airlines of the Group are carefully increasing capacity for the summer months, wherein overall capacity levels are managed based on continuously scrutinizing developments in market demand and government policies, including the opening of borders and slot moratoriums. The Group aims to rebuild its worldwide network step by step with a wide variety of destinations in the portfolio. Nevertheless, there is limited visibility on the demand recovery curve as customer booking behavior is much more short-term oriented than before the Covid-19 crisis, especially on the Long Haul network. On this basis the Group expects: Capacity in Available Seat kilometers at index 45 for the third quarter 2020 and at index 65 for the fourth quarter 2020 compared to last year; Negative load factor developments for the third quarter 2020, particularly on long-haul network, and anticipates negative yield mix effects due to a delayed recovery in business compared to leisure motive traffic...The Group foresees a significantly negative EBITDA in the second half year 2020."