Air France-KLM : Covid-19 masks the progress of the transformation
>Q4 2019 in line despite a slump in freight - Q4 2019 was broadly in line with estimates with EBIT of € 96m (ODDO BHF: € 104m, consensus: € 100m and € 53m in Q4 2018) for sales of € 6.6bn. The main difference with our modelling stems from the impressive deterioration of cargo unit revenues which fell by 17.1% in Q4 alone due to a fall in volumes outbound from Asia and overcapacity in North America. Regarding the rest of the group, network revenues were stable at const...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.