Air France KLM

Numbers broadly in line; outlook unchanged; CMD December 14th

  • Sectors : Airlines
  • Companies : Air France KLM

Ratings and price correct at time of issue.

  • Air France KLM

    Closing Price: 1101c

  • RATING 17/05/23

  • PREVIOUS RATING 12/01/23



Air France KLM’s Q3 operating result was €1.342bn with an operating margin of 15.5% (broadly in line with consensus of €1.370bn), with the outlook for the remainder of the year unchanged. Net debt was down by €1.3bn compared to end-2022, leading to a net debt/EBITDA ratio of 1.1x. We expect longer-term targets to be updated at the Capital Markets Day on December 14th.

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Oct 27 2023, 07:10 IST/BST