Air France KLM

Setting out the priorities for the coming five years

  • Sectors : Airlines
  • Companies : Air France KLM

Ratings and price correct at time of issue.

  • Air France KLM

    Closing Price: 1057c

  • RATING 21/01/19

  • PREVIOUS RATING 22/01/18

    NEUTRAL

DAVY VIEW

Air France-KLM has set out its strategic priorities for the next five years. Central to the plan is a return to sustainable profitability. In relation to this, we are encouraged by the focus on operational simplification and optimisation. The prospect of a return to dividend payments, assuming a 1.5x leverage level, is likely to be well perceived by the market. We expect more details at today’s presentations.

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Nov 5 2019, 08:30 GMT

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