Air France-KLM : The foundations are laid… pending details of the strategy
>A Q4 2018 penalised by unit revenues and forex - With EBIT of € 40m, Q4 2018 undershot expectations (Oddo BHF: € 125m, consensus: € 86m) due to i/ stability of unit revenues excl. forex (-0.1%) penalised notably by LatAm (-5.4%) and point-to-point (-1.2% with a certain impact from the “yellow vestsâ€) whilst the premium continues to perform well (+1.1%) and ii/ a more unfavourable-than-expected forex effect (€ 45m vs € 12m estimated). The maintenance business (EBIT ...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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