Air France KLM

Mixed results: soft Q4, with the restoration of positive equity

  • Sectors : Airlines
  • Companies : Air France KLM

Ratings and price correct at time of issue.

  • Air France KLM

    Closing Price: 1141c

  • RATING 17/05/23

  • PREVIOUS RATING 12/01/23



Air France KLM has reported FY23 operating profit of €1,712m (8% behind consensus) and an operating margin of 5.7% (up from 4.5% in FY22). The group has moved to a positive equity position with help from a €1.5bn quasi-equity financing deal with Apollo-managed funds related to Air France and KLM’s joint loyalty programme (Flying Blue).

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Feb 29 2024, 07:20 GMT