Air France-KLM : Q1 2023 preview - Positive FCF augurs well for the summer season
>Network yield still on the same positive trend - For Q1 (publication on 5 May), we expect to see the trend that has been visible since H2 2022 with network yield expected to be 23% vs the 2019 level. Moreover, we understand that the increase accelerated towards the end of the quarter, which augurs well for Q2. Despite the context of industrial action, we have modelled capacity (Network+Transavia) that is back to 93% of its pre-pandemic level, which should enable the ...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.
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.
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