Air France-KLM : Restructuring admittedly postponed but still in prospect
>Optimism on summer unit revenues thanks to the streamlining of capacity in the industry - After a decline in unit revenues excl. forex of 1.6% in Q1 2019 (and -3.5% for Transavia), in line with our expectations, the company is counting on an upturn as of Q2, mainly buoyed by the long-haul segment thanks to a streamlining of capacity. OAG indicated that available seats in Europe are up 2.8% for the summer season vs 5.2% in 2018 for the corresponding period. The observ...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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