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Air France-KLM (AFLYY) is a leading global airline group providing passenger, cargo, and maintenance services across international networks. This page serves as the definitive source for all official company announcements, offering stakeholders timely access to critical updates.
Investors and industry professionals will find curated press releases covering earnings reports, strategic partnerships, operational developments, and regulatory filings. The resource prioritizes accuracy and comprehensiveness, enabling informed decision-making without promotional bias.
Key content areas include financial performance disclosures, fleet expansion initiatives, sustainability efforts, and market expansion updates. Each announcement is verified at the source to maintain journalistic integrity and compliance with financial reporting standards.
Bookmark this page for streamlined access to Air France-KLM's evolving corporate narrative. Combine regular monitoring with independent research to maintain a balanced perspective on the company's trajectory within the aviation sector.
On May 22, 2024, Air France-KLM announced the final results of its tender offer for two series of existing notes. The offer, launched on May 13, 2024, targeted €750 million in 1.875% notes due January 16, 2025, and €500 million in 3.875% notes due July 1, 2026. A total of €452.7 million, representing 36.2% of the outstanding notes, were tendered and accepted for purchase. After the completion of the tender offer, €515.2 million in 2025 notes and €282.1 million in 2026 notes will remain outstanding. The tender offer was funded by the issuance of €650 million in new notes with a 5-year maturity and a 4.625% annual coupon. This move is part of the company's strategy to manage its debt profile and extend its average maturity. The new notes are issued under Air France-KLM's €4.5 billion Euro Medium Term Note Programme.
On May 16, 2024, Air France-KLM announced an increase in the Maximum Acceptance Amount of its ongoing Tender Offer from €350 million to €450 million. This decision follows the successful issuance of new bonds on May 14, 2024, totaling €650 million with a 5-year maturity at a 4.625% coupon. The bond issuance attracted strong investor interest, with an orderbook exceeding €2.8 billion. The Tender Offer invites holders of €750 million 1.875% notes due January 2025 and €500 million 3.875% notes due July 2026 to tender their notes for cash.
Air France-KLM has successfully issued new bonds worth €650 million with a 5-year maturity and a 4.625% coupon.
The issuance, under its €4.5 billion Euro Medium Term Note Programme, saw strong demand, with an orderbook exceeding €2.8 billion, showcasing investor confidence. The new bonds are expected to be rated BBB- by Fitch and BB+ by S&P.
Proceeds will be used to refinance existing debt, including €750 million 1.875% notes due January 2025 and €500 million 3.875% notes due July 2026, and for general corporate purposes. An application for trading on Euronext Paris will be made.
Air France-KLM has announced a tender offer to repurchase two series of existing notes and intends to issue new notes. The company is offering to buy back €750 million 1.875% notes due in 2025 and €500 million 3.875% notes due in 2026. The proceeds from issuing new Euro-denominated notes will be used to refinance existing debt and for general corporate purposes. This move is part of the company's debt management strategy to extend its average maturity profile. The tender offer is conditional upon the pricing of the new notes. The expiration date for the offer is set for May 21, 2024, with results expected on May 22, 2024.
Air France-KLM has repaid the remaining €48 million of OCEANE 2026 bonds, reducing potential dilutive shares to zero. The company used the Clean Up Call Option to fully repay the outstanding convertible bonds. This move demonstrates financial stability and reduces future shareholder dilution.
Air France-KLM released its consolidated financial statements for 2024, providing insights into the company's financial performance. The airline reported a revenue increase of 8% compared to the previous year, reaching a total revenue of $28.5 billion. Operating income also saw a significant improvement, rising by 12% to $2.1 billion. Despite challenges in the aviation industry, Air France-KLM managed to strengthen its financial position and deliver positive results.
Air France-KLM has announced the availability of documents ahead of the Shareholders' Meeting scheduled for June 5, 2024. Shareholders can access preparatory documents, agenda, resolutions, and voting information on the company's website. The meeting will be held both in person and remotely, with options for online voting and proxy submissions. The event will be broadcast live on the company's website.
Air France-KLM reported positive Q1 2024 results with further revenue growth driven by increased passenger numbers and unit revenue. However, operating income was affected by disruption costs and weaker cargo revenues. The company remains confident in achieving its 2024 cost outlook and sustainability goals. Fleet renewal and operational efficiency initiatives are on track. The group expects capacity and unit cost to improve in 2024, supported by transformation initiatives.
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