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...But Air France-KLM chief executive Ben Smith rejected the suggestion that the airline was deliberately misleading on its green credentials....
...But the bosses of Lufthansa and Air France-KLM said their airlines have slashed their direct flights to many major Asian economies because of competition from Gulf airlines, which often offer cheaper fares...
...Air France-KLM also posted strong full-year earnings but swung to a loss in the fourth quarter on higher costs and geopolitical uncertainty....
...Rival Air France-KLM also reported booming demand for travel on Thursday, but its shares fell nearly 10 per cent in morning trading after the company posted a €256mn fourth-quarter loss, which it blamed...
...France’s third-biggest city, Lyon, has already introduced higher charges....
...In another test, S&P looked at US mutual funds....
...France’s air traffic controllers are also required to give 48 hours’ notice to go on strike under new rules....
...France’s Cac 40 added 0.4 per cent, while London’s FTSE 100 was flat....
...Contracts tracking Wall Street’s benchmark S&P 500 and the tech-heavy Nasdaq Composite were down less than 0.1 per cent....
...Climate concerns have threatened projects at UK airports and led France to abandon plans for a new terminal at Paris Charles de Gaulle in 2021....
...Meanwhile, France’s Alstom has told the Financial Times that it had “all but run out of time” to secure the future of its plant in Derby because it also faces a gap in production....
...Last week Spain followed France in unveiling a limited ban on short-haul flights....
...Lufthansa has agreed to take a 41 per cent stake in ITA Airways, the successor company to Italy’s Alitalia, while Air France has taken a 20 per cent stake in struggling Scandinavian airline SAS....
...Air France-KLM and Etihad did not immediately respond to a request for comment....
...France’s Cac 40 and Germany’s Dax both gained 1 per cent, while London’s FTSE 100 rose 0.8 per cent....
...Germany’s Dax rose 0.2 per cent, while France’s Cac 40 and London’s FTSE 100 both added 0.4 per cent....
...France’s Cac 40 and Germany’s Dax both added 0.6 per cent while London’s energy-heavy FTSE 100 slipped 0.3 per cent....
...The chart as shown was an unused extra from Philip Coggan’s excellent long-read on passive versus active, though a version of it’s in this Alphaville post....
...After Lufthansa agreed the ITA deal, Air France in October took a 20 per cent stake in struggling Scandinavian airline SAS as part of a rescue deal involving private equity firm Castlelake and the Danish...
...trading update, Micron Technology Q2, Prudential FY, Tencent Q4 Thursday Canada, EU, France, Germany, India, Italy, Japan, UK, US: S&P Global/HCOB preliminary March purchasing managers’ index (PMI) manufacturing...
...Business passengers in particular had continued to stick to Air France-KLM routes, he added....
...Fitch has already downgraded France’s rating, while S&P maintained it in December and will review it again by April....
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