Report
Olfa Taamallah ...
  • Yan Derocles

Air France-KLM : Une large marge de manœuvre demandée lors de l’AG pour poursuivre la réduction du levier

>La liquidité n’est plus une problématique… - Suite à l’augmentation de capital de 1 036 M€ réalisée le 19/04, la liquidité est à nos yeux clairement suffisante pour traverser sans encombre la phase de reconstruction progressive du réseau. Nous tablons sur une position de liquidité de 6.65 Md€ à fin 2021 contre 9.82 Md€ à la fin de l’exercice 2020 (dont 2.5 Md€ de prêts non tirés par KLM). Cette estimation intègre un retour à des réservations qui compenserait une part...
Underlying
Air France-KLM SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Olfa Taamallah

Yan Derocles

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch