Report
Olfa Taamallah ...
  • Yan Derocles

Air France-KLM : Une reconstruction très progressive du réseau mais la liquidité est suffisante, à nos yeux

>Une reprise des vols plus rapide sur le S2 mais pas de retour au niveau de 2019 avant 2024 - Air France-KLM a accéléré le retour de ses capacités avec un nouvel objectif de recul limité à 55% au T3 par rapport au T3 2019 (vs -80% annoncé précédemment et -74% chez IAG), de 35% au T4 (vs -60% précédemment et -46% chez IAG) avant de revenir sur une baisse de -20% en 2021 (inchangée et -24% pour IAG). Toutefois, la visibilité reste faible avec i/ des réservations beauco...
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

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