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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Air France-KLM    AF   FR0000031122

AIR FRANCE-KLM

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KLM to keep long haul flights as COVID testing demands are softened

01/24/2021 | 12:48am EST
FILE PHOTO: KLM airplanes are seen parked at Schiphol Airport in Amsterdam, Netherlands

(Reuters) - Dutch airline KLM will keep operating long haul flights, including for vaccine distribution, after agreeing with the government on softer demands for returning air crews to carry out rapid COVID-19 tests.

The Dutch arm of Air France-KLM said earlier in the week it would cancel all its 270 weekly long-haul flights to the Netherlands as a result of new COVID-19 rules, requiring passengers and crew to show evidence of a negative rapid coronavirus test taken just before departure.

KLM at the time said this would make it impossible to keep flying to countries with a high risk of coronavirus infections, as it would risk having to leave crew behind.

It warned this would also hurt vaccine distribution as cargo flights would also be canceled.

But KLM on Saturday evening said it had reached a compromise in which flight crew on high coronavirus risk flights would take a rapid antigen test before departure from the Netherlands and after their return.

Crew would also have to follow strict quarantine rules during their stay abroad, the health ministry said.

The Netherlands last week decided to ban all passenger flights from Great Britain, South Africa and South America for up to a month, in a bid to limit the spread of new coronavirus mutations.

Passengers traveling to Amsterdam from other high-risk countries are still required to provide proof of a negative COVID-19 rapid test taken just before departure, in addition to a negative PCR test taken within 72 hours of travel.

(Reporting by Bart Meijer in Amsterdam and Rama Venkat in Bengaluru; Editing by Richard Chang)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM 1.23% 5.578 Real-time Quote.8.95%
DOW JONES AFRICA TITANS 50 INDEX -1.86% 520.47 Delayed Quote.-1.76%
DOW JONES SOUTH AFRICA(ZAR) -1.46% 1919.18 Delayed Quote.8.82%
S&P AFRICA 40 INDEX -2.28% 169.78 Delayed Quote.-1.96%
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Financials
Sales 2020 10 775 M 13 007 M 13 007 M
Net income 2020 -7 026 M -8 481 M -8 481 M
Net Debt 2020 12 862 M 15 526 M 15 526 M
P/E ratio 2020 -0,36x
Yield 2020 -
Capitalization 2 384 M 2 885 M 2 878 M
EV / Sales 2020 1,41x
EV / Sales 2021 1,08x
Nbr of Employees 82 122
Free-Float 48,3%
Chart AIR FRANCE-KLM
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Air France-KLM Technical Analysis Chart | AF | FR0000031122 | MarketScreener
Technical analysis trends AIR FRANCE-KLM
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 22
Average target price 3,27 €
Last Close Price 5,58 €
Spread / Highest target 43,4%
Spread / Average Target -41,4%
Spread / Lowest Target -98,2%
EPS Revisions
Managers and Directors
NameTitle
Benjamin M. Smith Chief Executive Officer & Director
Frédéric Gagey Chief Financial Officer
Anne-Marie Couderc Non-Executive Chairman
Jean-Christophe Lalanne Executive Vice President-Information Technology
Maryse Aulagnon Independent Director
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