Report
Olfa Taamallah ...
  • Yan Derocles

Air France-KLM : La meilleure résilience relative des opérations offre un levier sur la saison estivale

>Yield et retour des capacités tirent le T2 - En dépit d’éléments adverses, nous tablons sur un T2 2022 de bonne facture (publication 29/07) avec un EBIT Ajusté ressortant à 193 M€ (+945 M€ vs T2 2021 et +543 M€ en séquentiel) pour un CA de 6 320 M€. Ce redressement s’explique notamment par i/ un retour des capacités à 80% du niveau de 2019 pour Network et près de 110% pour Transavia. En dépit des perturbations à Amsterdam et des récentes grèves à Paris (pompier, ADP,...
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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