Air France-KLM : Q1 2024 operating loss 12% above street expectations but outlook reassuring
>Q1 2024 EBIT loss c12% above street estimates, yet a reassuring outlook - Q1 2024 came out slightly below consensus estimates, with an operating loss of -€ 489m (ODDO BHF: -€ 460m; company compiled consensus: -€ 430m) on the back of sales of € 6,654m, up 5.1% l-f-l. This performance is coming from i/ unit revenues excluding FX up +1.7% for Network and +9.9% for Transavia (vs +1.7% and +2.8% expected) and cargo unit revenue per ATK down 27% due to a reduction in the o...
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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