Air France-KLM

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.
  • TickerAF
  • ISINFR0000031122
  • ExchangeEuronext Paris
  • SectorTravel & Leisure
  • CountryFrance

Analysts

AIR FRANCE-KLM reduced its risk exposure resulting in an upgrade to Slightly Positive

AIR FRANCE-KLM (FR), a company active in the Airlines industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date November 9, 2018, the closing price was EUR 9.79 and its potential was estimated at EUR 10.31.

Jérôme VINERIER

Analyse court terme - AIR FRANCE-KLM : La progression des cours se poursuit.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 9,350 € puis 10,390 €. La rupture de 7,762 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - AIR FRANCE-KLM : Prices are making further progress.

The trend is bullish. Prices are making further progress. The targets are at €9.350 and then €10.390. The break of €7.762 would endanger the trend.

Air France-KLM

Air France-KLM

Antoine Augier de Lajallet ...
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Hana Maalej
  • Jean-François Granjon
  • Matthias Desmarais
  • Olfa Taamallah
  • Vincent Baron
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 06/01/2018

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Olfa Taamallah ...
  • Yan Derocles

Air France-KLM : Governance is up in the air

After a relative underperformance of 55% since the start of the year, we are upgrading to Buy vs Reduce with a revised target price of € 9.5. Our analysis of the implications of the arrival of a new CEO indicates significant upside (€ 22.5, i.e. +221%) in a blue-sky scenario but limited downside in a worst-case scenario (€ 6.3, i.e. -10%). The risk-reward profile is becoming clearly attractive again. - >An attractive risk-reward profile with a likely blue-sky scenario of ...

Olfa Taamallah ...
  • Yan Derocles

Air France-KLM : Governance is up in the air

Après une sous-performance relative de 55% depuis le début de l’année, nous passons à Achat vs Alléger avec un OC porté à 9.5 €. Notre analyse sur les implications de l’arrivée d’un nouveau CEO fait ressortir un potentiel d’appréciation significatif (22.5€, soit +221%) dans un blue sky scenario, mais un potentiel de baisse finalement limité dans un worst case (6.3€, soit -10%). Le risk/reward redevient clairement attractif. - >Un risk/reward attractif avec un blue sky à...

Antoine Augier de Lajallet ...
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Hana Maalej
  • Jean-François Granjon
  • Matthias Desmarais
  • Olfa Taamallah
  • Vincent Baron
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 01/06/2018

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Delphine Chauvin

Air France-KLM : Skies are looking brighter

Publication date 10/08/2017 15:56 - Writing date 10/08/2017 15:52 - - - AFFP bonds - / - Source : Bloomberg - - Next events - EGM : 4 September 2017 - Q3 17 results : 3 November 2017 - - Air France-KLM has posted strong results since YTD, driven by strengthening traffic and resilient unit revenue. This performance, coupled with continued favourable trends in the environment at this juncture (no oil price hikes, a drop in the dollar since April and return of demand for long-haul) guides for better results which was expected at the beginning of the year (for example, the Consensus for FY 17 ...

Alfred Glaser ...
  • Charles Lepetitpas
  • Delphine Brault
  • Harold De Decker
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 11/01/2018

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Alfred Glaser ...
  • Charles Lepetitpas
  • Delphine Brault
  • Harold De Decker
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 01/11/2018

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Olfa Taamallah ...
  • Yan Derocles

Air France-KLM : Un newsflow porteur sur les prochains mois

>Un T3 solide porté par la recette unitaire et le contrôle des coûts - Air France-KLM a publié un T3 solide avec un EBIT ressortant à 1 065 M€ (+1% en organique), soit une marge de 14.1%, vs 943 M€ attendu par le consensus porté par i/ une hausse de la recette unitaire hors FX de 2% contre +2.4% reporté par IAG et -1.3% par Lufthansa tirée une nouvelle fois par le premium Passage (+4.3%) et Transavia (+4.5%) et ii/ un recul des coûts unitaires hors FX et carburant de ...

Olfa Taamallah ...
  • Yan Derocles

Air France-KLM : Buoyant newsflow for the coming months

>A solid Q3 driven by unit revenues and discipline on costs - Air France-KLM reported a solid Q3 with EBIT of € 1,065m (+1% organic), i.e. a margin of 14.1%, vs € 943m expected by the consensus driven by i/ a 2% increase in unit revenues excluding forex versus +2.4% reported by IAG and -1.3% by Lufthansa, again driven by the premium passenger (+4.3%) and Transavia (+4.5%) activities and ii/ a 1% decrease in unit costs excluding forex and fuel despite the problem of pl...

ING
Research Department

Benelux Morning Notes

Air France-KLM: 3Q18 better than expected, outlook cautious Aperam: 3Q18 EBITDA in line, 4Q18 guidance negative Basic-Fit: solid Q3 trading update; improving yield per member DSM: Margin Machine Fugro: Next game-changing news in the OBC market GrandVision: Good quarter confirms outlook Heijmans: Deals with issue, giving share price a floor PostNL: new tariffs for network access to see significant positive impact on cash EBIT Recticel: Profit warning driven by a weak quarter in retail and automotive Royal Dutch Shell: Solid 3Q18 expected Staffing sector: Dutch period 10 - vol flat, rev +4% (was...

1 director bought

A director at Air France - Klm bought 50,000 shares at 8.982EUR and the significance rating of the trade was 97/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Charles Lepetitpas ...
  • Emmanuel Matot
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Pierre Corby
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 10/22/2018

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Charles Lepetitpas ...
  • Emmanuel Matot
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Pierre Corby
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 22/10/2018

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Alex Koagne ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Jean Sassus
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 10/15/2018

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Alex Koagne ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Jean Sassus
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 15/10/2018

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Christophe-Raphaël Ganet ...
  • François Maury
  • Georges Dieng
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/26/2018

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AIR FRANCE-KLM reduced its risk exposure resulting in an upgrade to Slightly Positive

AIR FRANCE-KLM (FR), a company active in the Airlines industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date November 9, 2018, the closing price was EUR 9.79 and its potential was estimated at EUR 10.31.

Air France-KLM

Air France-KLM

Air France-KLM

Air France-KLM

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Jehanne Leroy

Proxy Report - 15/05/2018

Proxinvest attire l’attention des actionnaires sur les points suivants : Tout d’abord les changements qui ont eu lieu dans le conseil d’administration au cours de l’exercice 2017 sont importants avec l’arrivée de quatre nouveaux administrateurs. Un représentant de China Airlines, un autre de Delta Air Lines, une personne pour être en accord avec la loi Copé-Zimmermann et enfin un administrateur désigné par le comité d’entreprise Européen. Suite à ces changements, le taux d’indépendance du conseil a chuté à 42,11% soit en dessous de la majorité préconisé par Proxinvest (résolutions 4 à 7). Pa...

Jehanne Leroy

Etude de l'AG du 04/09/2017

Les actionnaires sont convoqués dans le cadre des partenariats stratégiques mis en place avec China Eastern Airlines d'une part et avec Delta Air Lines et Virgin Atlantic d'autre part qui prévoit notamment que China Eastern et Delta Air Lines prennent chacune une participation de 10% du capital d'Air France-KLM. Bien que ces partenariats soient tout à fait pertinents statégiquement, plusieurs aspects des opérations proposées ne sont pas totalement convaincants et, surtout, le prix retenu pour les augmentations de capital présente une décote trop importante en faveur des deux nouveaux actionna...

Jehanne Leroy

Etude de l'AG du 16/05/2017

Proxinvest attire l'attention des actionnaires sur les points suivants : La société propose deux séries d'autorisations pour les opérations sur le capital. La première exclue la possibilité de l'usage de ces autorisations en période d'offre publique alors, que la seconde série maintient cette possibilité. Si la présentation de ces deux séries peut être analysée comme un choix donné aux actionnaires de la société, Proxinvest regrette la mise en place de la deuxième série, en raison de sa possible utilisation comme arsenal anti-OPA. Par ailleurs, la société ne propose pas de rémunération à long ...

Jérôme VINERIER

Analyse court terme - AIR FRANCE-KLM : La progression des cours se poursuit.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 9,350 € puis 10,390 €. La rupture de 7,762 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - AIR FRANCE-KLM : Prices are making further progress.

The trend is bullish. Prices are making further progress. The targets are at €9.350 and then €10.390. The break of €7.762 would endanger the trend.

Jérôme VINERIER

Short term view - AIR FRANCE-KLM : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €7.762. The bearish trend would be challenged above €11.943.

Jérôme VINERIER

Analyse court terme - AIR FRANCE-KLM : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 7,762 €. La tendance baissière serait remise en cause au-dessus de 11,943 €.

Jérôme VINERIER

Medium term view - AIR FRANCE-KLM : The trend is uncertain.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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