Report
Olfa Taamallah ...
  • Yan Derocles

Air France-KLM : Les fondations sont posées… en attendant le détail de la stratégie

>Un T4 2018 pénalisé par la recette unitaire et les devises - Avec un EBIT de 40 M€, le T4 2018 est ressorti en-deçà des attentes (Oddo : 125 M€, Cons : 86 M€) en raison i/ d’une stabilité de la recette unitaire hors changes (-0.1%) pénalisée notamment par le Latam (-5.4%) et le point-à-point (-1.2% avec un impact certain des Gilets jaunes) alors que le premium continue de bien se tenir (+1.1%) et ii/ un effet changes plus défavorable qu’attendu (45 M€ vs 12 M€e). L’a...
Underlying
Air France-KLM SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Olfa Taamallah

Yan Derocles

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