AIR FRANCE-KLM : Stifel lowers its target price
"The company has warned that the Olympic Games will be a (net) headwind, with an unforeseen negative impact of €160 to 180 million spread over the second and third quarters", notes the broker.
According to Stifel, this pre-announcement by Air France-KLM suggests broadly unchanged underlying unit cost and revenue trends. It estimates second-quarter EBIT at €490 million, down 33% year-on-year.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Go to the original article.
Contact us to request a correction