Paris: Staff Reject Pay Deal As Air France-KLM Boss Resigns

Air France to lose €300 million in earnings over strike action

A number of other brokerages have also issued reports on AFLYY.

The airline, which emerged from a tie-up between Air France and KLM Royal Dutch in 2004, earlier on Friday released quarterly earnings figures, announcing losses for the first three months of the year.

"We're minority shareholders. those that think that whatever happens the state will come to Air France's rescue and soak up Air France's losses are mistaken".

Despite the strong mobilization against the reform, the French finance minister raised Sunday the pressure on Air France managers and unions to resolve a stand-off over wages.

Other unions representing pilots as well as cabin and ground crews say they deserve "their share of the pie" after years of belt-tightening, which saw Air France post solid results for 2017. Air France-KLM CEO Jean-Marc Janaillac will stay on until May 15. The company had a trading volume of 69,498 shares, compared to its average volume of 12,464. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $4,239.19, a P/E ratio of 3.95, a PEG ratio of 0.47 and a beta of 0.69. "Be responsible. The survival of Air France is in the balance". The transportation company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.50 by ($0.44). Air France-KLM had a negative net margin of 1.13% and a positive return on equity of 38.04%.

A series of Air France strikes-13 one-day walkouts so far in recent weeks-have cost the company at least €300 million ($359 million).

"If Air France does not make efforts to become more competitive, allowing this flagship to be at the same level at Lufthansa and other airline companies, Air France will disappear", Le Maire told BFM television.

To view ValuEngine's full report, visit ValuEngine's official website.

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