Air France-KLM Shares Bounce to €9.20 Despite Barclays' Target Downgrade

Barclays Lowers Target to €9.30 Following Quarterly Results

Yesterday, Barclays revised its price target for Air France-KLM from €9.85 to €9.30, while maintaining a market-weight rating. The new target offers almost no potential compared to today's price. This revision comes after the release on Monday of the first quarter revenue, which amounted to €7.479 billion (up 4.4%), and a net loss of €252 million. During this announcement, the group estimated a $2.4 billion increase in its fuel bill by 2026, with the bulk expected in the second quarter. Among the risks mentioned for Q1 was the surge in jet fuel prices due to tensions in the Middle East.

Stock Rebounds Towards Averages but Remains Under Pressure

At €9.20, the stock is still below its 50-day moving average (€10.03), representing a gap of about 8.3%. The RSI at 41 indicates a price movement without significant buying tension, following a nearly 20% decline over three months. The price is in the lower part of the Bollinger Bands, close to the support threshold at €8.56. The sector context remains tense. Brent crude is trading around $108 per barrel according to the latest data, a level that mechanically impacts the costs of air transport. Meanwhile, the CAC 40 is up 0.62% at 8,025.89 points during the session, in a mixed European context. Among comparable stocks, Airbus is stable (+0.06%) and ADP is up by 0.88%. The next key event on the calendar is the general meeting scheduled for June 3, 2026.