Air France-KLM : Significant leeway requested at the AGM to further reduce leverage
>Liquidity no longer a problem… - Following the € 1,036m capital increase on 19 April, we believe that liquidity is clearly sufficient to get through the gradual rebuilding of the network without any problems. We expect a liquidity position of € 6.65bn at end-2021 vs € 9.82bn at end-2020 (including € 2.5bn of undrawn loans from KLM). This estimate includes a return of bookings which would compensate for part of the residual risk on vouchers (c.€ 1.4bn at end-December ...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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