Report
Olfa Taamallah ...
  • Yan Derocles

Air France-KLM : Des objectifs 2028 ambitieux soumis à des risques d’exécution et un phasage en question

>Des objectifs 2028 ambitieux - Lors de son CMD, Air France-KLM a dévoilé sa stratégie pour améliorer son EBIT de 2 Md€ entre 2023 et 2028, ce qui permettrait d’atteindre c3.9 Md€, soit un upside de 44% par rapport au consensus Visible Alpha actuel. Le communiqué indique anticiper une marge d’EBIT supérieure à 8% à cet horizon mais l’analyse des différentes slides permet de penser que la cible visée est plutôt de l’ordre de 10%. 5 principales sources d’amélioration on...
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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