Air France-KLM : Pilots get on board with Ben Smith’s strategy
>A solid Q2 in the end - In the end, Q2 2019 came in 17% ahead of expectations in terms of operating profit of € 400m (+16%) on the back of sales up 6.4%. The € 220m surge in fuel costs and the negative forex effect (€ 18m in EBIT) were offset by i/ a decline in unit costs excluding forex and fuel of 2.3% helped by the non-recurrence of the strike at Air France, ii/ an increase in activity and iii/ unit revenues up 0.9% on the network, 1.3% on Transavia but down 7.5%...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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