Air France-KLM : Cash burn and pressure on unit costs masks the strength of demand
>Demand remains robust - Demand remains solid with 85% long-haul seats already sold for Q1, 80% at Transavia and 76% for short- and medium-haul, with yields up 1-2% for the first two months of the year, notably driven by north Atlantic routes. Moreover, the group thinks that it should post a slight positive effect during the Olympic Games at Air France. Furthermore, the reduction in capacity (+5% y-o-y vs +7.5% previously anticipated) should help to stabilise operatio...
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