Report
Olfa Taamallah ...
  • Yan Derocles

Air France-KLM : Preview T3 – Accélération du yield et préservation du cash

>Un environnement tarifaire toujours porteur au T3 - Air France-KLM publiera le 28 octobre un T3 2022 que nous attendons très solide avec un EBIT Ajusté de 873 M€ pour un CA de 7 653 M€ (+67.6%), soit une marge de 11.4%. Cette belle performance est essentiellement tirée par i/ un environnement tarifaire qui reste porteur avec un yield que nous modélisons en hausse de 17% par rapport au T3 2019 (vs +15% au T2 2022) tiré notamment par la clientèle premium et géographiqu...
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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