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French shipping giant CMA CGM and French-Dutch carrier Air France-KLM on Tuesday said they would withdraw from their existing commercial agreement for cargo transports in view of reshaping the partnership.
Alaska Airlines, United Airlines and Turkish Airlines have grounded their 737 MAX 9 airplanes in the wake of a Friday incident during an Alaska Airlines flight.
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If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Air France-KLM SA (AFLYY) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Airlines around the world are facing scrutiny from advertising and consumer agencies, regulators, and courts over allegedly making misleading claims about their sustainability efforts, sometimes dubbed "greenwashing".
Dutch airline KLM is set to face off with environmentalists in an Amsterdam court on Tuesday over whether its advertisements misled customers in an alleged case of "greenwashing".
Air France KLM is confident about the prospects for Brazil's market in 2024, an executive for the airline said on Tuesday, following a year of good results, including high load factors and strong demand.
The UK Advertising Standards Agency has banned advertisements from three major European airlines - Air France-KLM (OTC:AFLYY), Deutsche Lufthansa, and Etihad Airways - for misleading environmental claims, a practice known as 'greenwashing'. Air France-KLM's advertisement, seen in July 2023, promoted flights from Manchester to Bangkok, claiming that the airline is "committed to protecting the environment" and enables "travel better and sustainably".
Air France-KLM SA (OTCPK:AFRAF) Q2 2023 Earnings Conference Call October 27, 2023 2:30 AM ET Company Participants Benjamin Smith - CEO Steven Zaat - CFO Conference Call Participants Jarrod Castle - UBS Alexander Irving - Bernstein Sathish Sivakumar - Citi Muneeba Kayani - Bank of America Harry Gowers - JPMorgan Conor Dwyer - Morgan Stanley Stephen Furlong - Davy Neil Glenn - Air Control Tower James Hollins - BNP Paribas Andrew Lobbenberg - Barclays Operator Good morning and welcome to the Air France-KLM Third Quarter 2023 Results Presentation. Today's conference is being recorded.
Air France-KLM (OTC:AFLYY) has unveiled a record €1.34 billion operating profit for the third quarter, a 31% year-on-year increase, propelled by a surge in summer bookings, similar to results reported by British Airways owner IAG on the same day. Although the figures fell slightly short of the €1.37 billion consensus forecasts, costs outperformed expectations, attributed to effective jet fuel price hedging.