Air France-KLM (XPAR:AF)
€ 10.385 -0.04 (-0.38%) Market Cap: 2.73 Bil Enterprise Value: 441.37 Mil PE Ratio: 3.45 PB Ratio: 0 GF Score: 75/100
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Q2 2020 Air France KLM SA Earnings Call Transcript

Jul 31, 2020 / 06:30AM GMT
Release Date Price: €17.6 (-2.35%)
Operator

Good day, and welcome to the Half Year 2020 Results Presentation. Today's conference is being recorded. At this time, I would like to turn the conference over to Benjamin Smith, CEO of Air France-KLM. Please go ahead, sir.

Benjamin M. Smith
Air France-KLM SA - CEO & Director

Good morning. Hi. Welcome (inaudible) quarter 2020 results call. As you are all well aware, our industry is amongst the hardest hit by this unprecedented crisis with April and May activity levels near 0, both in our home market as well as in most other countries in Europe and around the world. In June, we saw demand start to show some signs of recovery, mainly in Europe. However, demand ramp-up remains still very uncertain.

COVID-19 triggered a global industry restructuring in which airlines are forced to make bold decisions. This has large implications for our group, our employees, our customers, our shareholders and all other stakeholders. I imagine you have many questions about the current situation we are facing and what it means for our future. Therefore, I suggest we go

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