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Stock Market & Financial Investment News

News Breaks
January 21, 2013
19:30 EDTAFLYYAir France-KLM upgraded to Neutral from Underperform at Credit Suisse
News For AFLYY From The Last 14 Days
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September 17, 2014
06:47 EDTAFLYYFrench Prime Minister asks for Air France strike to cease, Reuters says
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September 15, 2014
06:25 EDTAFLYYAir France pilots commence one-week strike, Reuters says
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September 11, 2014
06:35 EDTAFLYYAir France-KLM comments on medium-financial targets to 2017
Air France-KLM said it would target EBITDAR up by 8%-10% per year between 2013 and 2017 as part of a turnaround plan aimed at focusing on long-haul operations and restructuring. The company is also targeting an adjusted net debt/EBITDAR ratio of below 2.5 from 2017. The targets are consistent with a ROCE of 9%-11% in 2017. The group will continue to restructure its point-to-point operations, aiming at a return to operating breakeven by 2017. From a financial perspective, Air France-KLM plans to pursue the reduction in its unit costs and selective capex management while adopting a disciplined approach to growth opportunities.

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