Air France-KLM : Q2 is played but doubts on the reassertion of control over RASK and CASK in Q3 – target price reduced to € 8.5
>Pressure on unit revenues... - After a robust start to Q1 with unit revenues (RASK) up around 3% in April, the company saw a wait-and-see stance around the Olympics with passengers avoiding Paris, which penalised load factors (Network and Transavia France) and thus yield levels. The negative impact is put at between € 160m and € 180m for the period from June to August. The cargo business benefits from gradually easier bases of comparison starting from Q2 with unit r...
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