Air France-KLM Shares Climb 3%, Boosted by Brent Decline and a 1 Billion Euro Credit

A One Billion Euro Bank Financing That Secures Maneuvering Margins

Air France-KLM shares rose by 3.16% to €12.41, following the announcement on Wednesday of a new one billion euro multi-purpose credit line from a syndicate of twelve international banks. This facility will allow the group to refinance existing instruments and support its strategic objectives. The move comes as the sectoral context remains favorable: Brent has fallen more than 4% during the session to $79.62 a barrel, a decline of nearly 17% since the American-Iranian framework agreement and the prospect of reopening the Strait of Hormuz. As fuel weighs heavily on the bills of airlines, this energy retreat strengthens the dynamics of the stock, which now shows a 24.17% increase over a month. Airbus is also up by 3.40%, reflecting the improvement in the sector.

The Stock Breaks the €12.30 Resistance with an RSI Still Below Overheating

On the technical front, the stock has broken upwards through its €12.30 resistance during the session and remains above it, at €12.41. The stock is significantly above its moving averages, with a gap of 9.44% over the MM20 (€11.34) and nearly 19% over the MM50 (€10.43), confirming the strength of the upward trend. The RSI at 65 remains away from the overbought threshold, leaving room before an overheating signal, while the MACD remains positive above its signal line. Based on the consensus of analysts surveyed, the stock is trading at about 3.8 times the earnings of the current fiscal year, a modest multiple that accompanies the revaluation that has been underway since spring. The next technical threshold to watch is the resistance zone at €13.14, now in sight.