Air France KLM

Fuel recapture rate of circa 85%

  • Sectors : Airlines
  • Companies : Air France KLM

Ratings and price correct at time of issue.

  • Air France KLM

    Closing Price: 1184c

  • RATING 14/01/26

  • PREVIOUS RATING 17/05/23

    OUTPERFORM

DAVY VIEW

In the circumstances, Air France KLM had a strong quarter with a fuel recapture rate of 85% (above the estimated 60%) and adjusted operating profit of €484m (consensus: €340m). Unit revenue at constant currency was up 8.7% thanks to the Passenger network, supported by ongoing premiumisation and Cargo, which benefitted from strong demand. The outlook is broadly unchanged.

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Jul 30 2026, 07:35 IST/BST

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