Reuters reveals Air France-KLM considers cap hike delay as Omicron disrupts travel - Reuters News Agency
Human Interest

Reuters reveals Air France-KLM considers cap hike delay as Omicron disrupts travel

Reuters revealed that Air France-KLM is considering delaying its planned capital increase because of tough travel restrictions imposed by governments to mitigate the spread of the Omicron variant of the coronavirus. The French-Dutch carrier was hoping to raise at least 1 billion euros ($1.13 billion) by the end of the year to shore up its heavily-indebted, pandemic-hit balance sheet and repay government aid, but this is now likely to be delayed, Reuters sources said.

Article Tags
Topics of Interest: Human Interest
Type: Reuters Best
Sectors: Aerospace & Defence
Regions: Europe
Story Types: Human Interest / Feature
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: Logo of Air France KLM Group is pictured on the first Air France airliner's Airbus A350 during a ceremony at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau/File Photo
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