Gadling's resident pilot explains what life in the cockpit is like
Holidash Blog

AOL Money & Finance

Posts with tag Air France-KLM

Air France-KLM joins the list of hurting airlines

Posted May 22nd 2008 2:00PM by Michael Fowlkes
Filed under: International markets, Products and services, Annual meetings, Competitive strategy, Economic data, Oil

In case you haven't noticed it, oil prices are surging, and the impact of these high prices is not going unfelt by the major airlines. Today, Europe's largest airline, Air France-KLM, stated what most of us already knew... it's not going to be a pretty year for the company's bottom line.

During its fiscal fourth quarter the airline swung to a loss of $853.81 million. During the same period last year the company was able to show a profit of $44 million.

The current surge in oil prices (which hit $135 earlier today), definitely played a role in the weak quarter, but were not the main culprit in the hefty loss. Most of the loss was due to $834 million after-tax provision due to a European and U.S. investigation into the air-cargo industry.

Continue reading Air France-KLM joins the list of hurting airlines

Overseas roundup: Shanghai index plunges 4.41%

Posted Nov 22nd 2007 4:06PM by Barry Summerlin
Filed under: After the bell, Major movement, Earnings reports, Deals, India, China, PetroChina Co Ltd ADR (PTR)

CornucopiaHappy Thanksgiving from the BloggingStocks staff and contributors! Here are some leading financial stories around the world today:

Stocks plunge in China
China's Shanghai Composite Index sank 4.41 percent Thursday to fall below 5,000 -- 18.2 percent off its peak of 6,092 in mid-October -- adding evidence of an end to the China bubble. Shares of PetroChina (NYSE: PTR), the world's largest oil company, fell 4.6 percent to 35.11 yuan.

ArcelorMittal takes charge in China
ArcelorMittal (NYSE: MT), the world's leading steelmaker, is taking a controlling 73 percent stake in China Oriental Group Co. Earlier this month, ArcelorMittal bought a 28% stake in the iron and steel maker for $647 million. The Luxembourg-based company also disclosed plans for steel plants in India's Jharkhand and Orissa states.

Air France-KLM's Q2 profits soar
Air France-KLM (NYSE: AKH) on Thursday posted second-quarter profit of $1.1 billion, nearly double the $539.7 million reported in the same period last year. The top European airline also said it had not dismissed the possibility of offers for Italy's Alitalia or Spain's Iberia airlines.

Continue reading Overseas roundup: Shanghai index plunges 4.41%

Analyst downgrades 11-24-06: Air France-KLM downgraded to Hold

Posted Nov 24th 2006 11:00AM by Melly Alazraki
Filed under: Analyst upgrades and downgrades

Most Noteworthy: On an expected light trading day after Thanksgiving, Palm Harbor (PHHM) and Vicor Corp. (VICR) top today's list of downgrades.

  • Palm Harbor Homes, Inc. (NASDAQ:PHHM) and Vicor Corp. (NASDAQ:VICR) were downgraded at Matrix USA due to valuation and the slowing demand for housing, Palm Harbor was downgraded to Hold from Buy and Vicor was downgraded to Sell from Hold.

Other Downgrades:

  • Air France-KLM ADS (NYSE:AKH) was downgraded to Hold from Buy at Citigroup after shares were up in overseas trading after the company confirmed it was in merger talks with Alitalia.
  • Journal Register Company (NYSE:JRC) was downgraded at Matrix USA to Sell from Hold due to the soft demand for print advertising and a decrease in circulation.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice

Last updated: December 02, 2008: 10:22 AM

BloggingStocks Exclusives

Hot Stocks

BloggingStocks Featured Video

TheFlyOnTheWall.com Headlines

WalletPop Headlines

AOL Business News

Latest from BloggingBuyouts

Sponsored Links

Most Commented On (14 days)

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

  • My Portfolio
  • Create a New Portfolio

BloggingStocks Partners

More from AOL Money & Finance

Weblogs, Inc. Network