Air France-KLM : Buoyant newsflow for the coming months
>A solid Q3 driven by unit revenues and discipline on costs - Air France-KLM reported a solid Q3 with EBIT of € 1,065m (+1% organic), i.e. a margin of 14.1%, vs € 943m expected by the consensus driven by i/ a 2% increase in unit revenues excluding forex versus +2.4% reported by IAG and -1.3% by Lufthansa, again driven by the premium passenger (+4.3%) and Transavia (+4.5%) activities and ii/ a 1% decrease in unit costs excluding forex and fuel despite the problem of pl...Air France-KLM is a holding company. Through its subsidiaries, Co. is engaged in transporting passengers and cargo, aeronautics maintenance and other air-transport related activities, including catering and charter services. Co. operates in six geographical regions: Metropolitan France; Europe (except France) and North Africa; Caribbean, French Guiana and Indian Ocean; Africa, Middle East; Americas, Polynesia; and Asia and New Caledonia. Co. organizes its business around the following four segments: Passenger, providing passenger transportation services on scheduled flights; Cargo, transporting freight on flights and selling cargo capacity to third parties; Maintenance, and Other activities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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