Air France-KLM (XPAR:AF)
€ 9.352 -0.182 (-1.91%) Market Cap: 2.46 Bil Enterprise Value: 8.77 Bil PE Ratio: 3.92 PB Ratio: 0 GF Score: 72/100
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Q1 2020 Air France KLM SA Earnings Call Transcript

May 07, 2020 / 06:30AM GMT
Release Date Price: €20.66 (-2.52%)
Operator

Good day and welcome to Air France-KLM First Quarter 2020 Results Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mr. Benjamin Smith, CEO of Air France-KLM. Please go ahead.

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

Okay. Thank you. Good morning, ladies and gentlemen. Frédéric Gagey and I welcome you to the Air France-KLM's First Quarter 2020 Results Call.

While it has only been 3 months since we last presented at the full year 2019 results in February, much has happened since then. We are in the midst of the biggest health crisis ever faced by our industry. Our industry is amongst the hardest hit by this unprecedented crisis with current activity levels near 0, both in our home market as well as in most other countries in Europe and around the world. This has large implications for our group, our employees, our customers, our shareholders and all other stakeholders. I imagine you have many concerns and questions about the current situation we are facing and

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