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Stock impact report

Air France-KLM Stock Fails To Take Off [Seeking Alpha]

AIR FRANCE-KLM ADS (AFLYY) 
Company Research Source: Seeking Alpha
The company faced challenges due to geopolitical tension and maintenance supply chain issues. The outlook for 2024 failed to inspire investors, with capacity growth expected to be half of 2023 and unit costs expected to rise. Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » Air France-KLM OTCPK:AFRAF OTCPK:AFLYY ) reported its full year earnings on the 29th of February, and while management was pleased with the results and upbeat on the future, investors seemed to be less impressed. Whereas the stock was trading at a level of €11.75 prior to earnings, since the publication of a report by Dutch news site RTL estimating that KLM had to cancel 10% of its flights in December, the stock has retreated nearly €1.60 per share. In this report, I will discuss the earnings and update my price target and rating for Air France-KLM stock. A Solid Year But Cost Inflations And Disruptions Radiate Show less Read more
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