Welcome to our dedicated page for Air France Klm news (Ticker: AFLYY), a resource for investors and traders seeking the latest updates and insights on Air France Klm stock.
The Air France-KLM (AFLYY) news page on Stock Titan aggregates official announcements and market updates issued by the airline group. As a participant in the scheduled passenger air transportation industry, Air France-KLM regularly publishes news on its operating performance, financing transactions, fleet developments, partnerships and corporate governance.
Investors and observers can follow quarterly and year-to-date results, where the group reports metrics such as passengers carried, capacity in available seat kilometers, revenue passenger kilometers, load factor, unit revenue and unit cost. These releases also detail revenues, operating result, operating margin, net income, cash flow, net debt and leverage ratio, offering insight into the group’s financial and operational trends.
The news flow also covers financing and capital structure events, including senior unsecured note issuances under the EMTN Programme, hybrid bond offerings, and redemptions of perpetual and hybrid instruments. Air France-KLM explains how these transactions affect the maturity profile of its debt, its cost of financing and its balance sheet structure.
Readers will find updates on fleet renewal and sustainability initiatives, such as deliveries of new-generation aircraft, the growing share of these aircraft in the fleet, and milestones like delivery flights using sustainable aviation fuel blends. The group also communicates on its cooperation with the European Union Aviation Safety Agency in developing the EU Flight Emissions Label.
In addition, the news page includes corporate and partnership announcements, such as the acquisition of a 2.3% stake in Canadian carrier WestJet and the evolution of long-standing commercial partnerships. Regular declarations of the number of voting rights and shares, as required by French regulations, provide transparency on the company’s capital and voting structure. Users interested in Air France-KLM’s operations, financing and governance can consult this page for an organized stream of official updates.
This press release provides an official declaration of the number of voting rights and shares as mandated by L.233-8 II of the code of commerce and article 223-16 of the French market authority (AMF). As of May 31, 2021, the company reports a total of 642,634,034 shares with a theoretical number of voting rights amounting to 860,617,537, which includes double voting rights. This information is crucial for shareholders as it impacts their voting power in corporate matters.
Air France-KLM announced the retirement of Group CFO Frédéric Gagey, effective July 1, 2021, after 25 years of service. His successor, Steven Zaat, currently CFO of Air France, will take over on the same date. Gagey was credited with significant contributions during his tenure, particularly in navigating financial challenges. Zaat brings over 20 years of experience in the airline industry and has held various key finance roles within the group, making him well-prepared for his new position.
In the first quarter of 2021, Air France-KLM reported a significant decline in revenues, totaling €2.2 billion, a 57% drop year-over-year, largely due to ongoing travel restrictions resulting from the COVID-19 pandemic. The Group recorded an operating loss of €1.2 billion and a net loss of €1.5 billion, while net debt increased to €12.5 billion. Liquidity remains strong with €8.5 billion available. The company anticipates continued challenges in the near term but expects gradual recovery as vaccination efforts progress, particularly in the U.S., and plans to ramp up capacity during the second quarter.
This press release provides information on the total number of voting rights and shares as per French regulations. As of April 30, 2021, the company holds 642,634,034 shares, leading to a theoretical total of 860,617,915 voting rights, which includes double voting rights. This disclosure is essential for maintaining transparency with shareholders and adhering to compliance requirements set by the AMF.
The Air France-KLM Shareholders’ Meeting will be held on May 26, 2021, without physical attendance due to health crisis restrictions. Shareholders can vote online or by mail, with no admission cards issued. The meeting will be broadcast live on the company’s website, and a replay will be available afterward. Detailed participation procedures and information are accessible on the company’s website, adhering to French commercial regulations. Shareholders are encouraged to submit written questions in advance.
Air France-KLM has issued undated deeply subordinated notes totaling €3 billion as part of its recapitalization strategy, aimed at strengthening its equity without impacting cash flow. This issuance consists of three tranches of €1 billion each, with respective interest rates starting at 7.00%, 7.25%, and 7.50%. The notes, subscribed entirely by the French State, can be converted into equity under certain conditions, providing increased flexibility in debt repayment. This move enhances Air France's financial stability amid ongoing recovery efforts.
Air France-KLM successfully completed a capital increase of approximately €1.036 billion through a public offering without shareholders' preferential rights. The offering attracted strong investor demand, allowing full exercise of the increase option, with existing shareholders subscribing to 75% of the total amount. The funds will strengthen Air France's equity and enhance liquidity amidst the ongoing Covid-19 crisis. Following this capital increase, the company's share capital will total €642.6 million, with significant stakes held by the French State and China Eastern Airlines.
Air France-KLM has announced a capital increase through a public offering, setting the subscription price at €4.84 per new share. This price reflects a 9.98% discount on the average share price over the last three trading days. The capital increase aims to raise approximately €901 million, potentially up to €1,036 million if the increase option is fully exercised. The subscription period for existing shareholders starts today, April 13, 2021 and lasts until April 15, 2021. The company plans to issue up to 213,999,999 new shares.
Air France-KLM has announced a capital increase without preferential subscription rights, aiming to raise approximately €988 million, potentially increasing to €1,136 million if the full increase option is exercised. This move includes the issuance of up to 214 million new shares to existing shareholders. Proceeds will strengthen equity and consolidate liquidity amid the Covid-19 crisis. Additionally, the French State will subscribe to €3 billion in deeply subordinated notes as part of a recapitalization effort.
Air France-KLM announced the filing of its 2020 Universal Registration Document with the Autorité des Marchés Financiers (AMF) on April 7, 2021. The document is accessible in French on the AMF website and on the company’s own site under the Finance sections. An English version is also available. This document adheres to the European Single Electronic Format (ESEF) in XBRL and includes essential details like the Annual Financial Report, corporate governance reports, and Statutory Auditors' fees.
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