Report
Olfa Taamallah ...
  • Yan Derocles

Air France-KLM : Preview T3 2021 – Tangible redressement au T3 mais le désendettement reste une nécessité

>Un redressement tangible au T3… - Sur le T3 (publication le 29 octobre avant ouverture), nous tablons sur un EBIT ajusté de -83 M€ et un EBITDA largement positif à 561 M€ pour un CA de 4 386 M€ (+59% vs T2 2021). Air France-KLM a pu accélérer le retour de son offre pour atteindre 64.5%e du niveau de 2019 pour Network (vs. 48.1% au T2 et un objectif compris entre 60 et 65%) et plus de 91%e pour Transavia sur le trimestre. Nous pensons que le coefficient de r...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch