|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||4.7500 - 4.8500|
|52-week range||3.0900 - 6.8800|
|Beta (5Y monthly)||2.11|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.80|
A 3.4-billion-euro ($2.9 billion) Dutch bailout for Air France-KLM's Dutch unit was necessary and proportionate, EU state aid regulators said on Monday after Europe's second-top court annulled their decision in May. The Luxembourg-based General Court said that the European Commission, which acts as the bloc's competition enforcer, had not provided adequate reasoning why KLM was the only beneficiary of the Dutch aid and why the airline had not benefited from French support given to its parent. Judges suspended the annulments, giving the Commission another chance to decide on the case.
Julie Hyman breaks down some of Friday’s top business stories, including: European travel stocks higher as President Joe Biden says the U.S. reviewing the European travel ban, Xiaomi overtaking Apple as the number two smartphone vendor for the first time ever, and Lordstown Motors under investigation by the U.S. Justice Department.
Shares in British Airways owner IAG rose as much as 3% on the back of the news in London.