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UNBELIEVABLE: 2 - Caught on Camera

Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced

Shares in Scandinavian Airlines have dropped more than 90% after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased

The Independent UK

Air France-KLM says new order from Airbus will help reach sustainability targets

Air France-KLM announced that it will place a "major order" for 50 long-haul Airbus A350s, as part of its effort to introduce more fuel-efficient planes and reach sustainability targets.

Radio France Internationale

Air France-KLM reports bumper profits as French economic growth rises

Air France-KLM has announced it has doubled its year-on-year net profit in the second quarter of 2023 to €604 million, benefiting from high demand in air travel despite rising inflation which has increased costs.

Radio France Internationale

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KLM ‘unrest’ travel warning for Kenya, Tanzania sparks anger

Kenyan and Tanzanian governments accuse the carrier of spreading ‘unfounded’ claims about purported ‘civil unrest’.

Al Jazeera

3 Energy Stocks to Help Fire Up Your Portfolio This Winter

Despite the recent retreat in oil and gas prices from their peaks due to concerns of an economic slowdown, the energy supply is expected to lag behind its demand in the long run. The energy sector has outperformed the broader market this year, and the reopening of the Chinese economy…

StockNews.com

2 Oil and Gas Stocks to Buy Into the New Year

Energy has outperformed the broader market this year. Despite the recent decline in oil and gas prices from their peaks, analysts remain bullish on the sector’s performance next year. Thus, as we head into the new year, it could be wise to buy fundamentally sound energy stocks Shell plc (SHEL)…

StockNews.com

3 Stocks That Stand to Benefit from the Ongoing Energy Crisis

Despite the recent retreat in oil and gas prices from their peaks, a surge in demand due to the onset of a chilly winter in the U.S. and Europe and the reopening of China’s economy could boost oil and gas prices significantly. Therefore, we think it could be wise to…

StockNews.com

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Air France-KLM shares plummet after bond sale announcement

Air France-KLM shares fell more than 10 percent on Wednesday after the European airline group announced the sale of bonds convertible into new shares worth 300 million euros to pay back state aid and boost capital.

Radio France Internationale

Don't Expect Cheap Airfares to Come Back Soon, Airline Executives Say

Airfares are sky high, and airline executives expect them to stay that way.

Bangkok Post

Air France-KLM revenue tops pre-Covid levels

PARIS: The European airline group Air France-KLM said Friday that its third quarter revenues had exceeded its pre-pandemic turnover in 2019, fuelled by strong post-Covid demand for travel.

Bangkok Post

Ocean Shipping Lines Turn to Planes as Supply-Chain Snarls Deepen

For the giants of ocean trade, big ships aren't enough anymore; they need planes, too.

Bangkok Post

Air France-KLM Inks Agreement With CFM For Engine Configuration

Air France-KLM (OTC:AFLYY) has established an agreement with CFM International to acquire 200 LEAP-1A engines to power its new fleet of Airbus SE (OTC:EADSY) A320neo and A321neo. Financial terms were not disclosed. CFM International is a 50/50 joint venture between GE Aviation, a division of General Electric Co (NYSE:GE), and Safran Aircraft Engines, a division of Safran (OTC:SAFRY). Last…

Benzinga

Chaotic summer for post-pandemic air travellers in Europe

After two years of Covid restrictions travellers are coming back to Europe, but airlines and airports that cut jobs during the pandemic are struggling to keep up. Passengers are seeing long lines at check-in counters and security checks, as well as delayed or cancelled flights and lost luggage.

Radio France Internationale

Air France-KLM boss warns travelers: Go to the airport early

The chief of airline alliance Air France-KLM says it will take weeks or months to get new security staff in place to lighten pressure on the Amsterdam airport

The Independent UK

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Evening Standard

Schiphol Airport in Amsterdam ‘poised to cut number of flights over summer travel season ’

Amsterdam’s Schipol Airport is set to cut the number of flights that it will be able to handle during the summer travel season.

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 18

CNBC Toyota Looks To Develop Hydrogen Mobility In Europe

Benzinga

CMA CGM Buys 9% stake In Air France-KLM As Part Of An Air Cargo Partnership

CMA CGM, a French shipping company, invests in Air France-KLM (OTC:AFLYY) as part of an air cargo partnership, counting on growing demands for flying goods worldwide while supply chains remain snarled in the aftermath of the pandemic, Reuters reported. CMA CGM will take up to 9% of Air France-KLM, worth ~€240 million ($252…

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