Air France-KLM : Yield and leverage effect offsetting soaring fuel costs
>Greater capacity to pass inflation onto end clients … - The favourable price environment is continuing, with Q1 showing a passenger yield 0.9% ahead of that of Q1 2019, thanks to economy class (+4.4%), long haul (+3.2%) and the European network via the hubs (+1.9%). The momentum shows no sign of waning with net bookings already back to pre-crisis levels. As bookings are still late relative to the historical trend (only 47% of long-haul capacity for Q3 booked and 27%...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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