Air France-KLM Shares Dip 1.96%, Lagging Behind in the SBF 120
The stock of the Franco-Dutch airline stalls at midday in an otherwise upbeat Parisian market. The stock pauses after an exceptional May, as a broker just downgraded its stance on the stock.
Barclays Downgrades Its Recommendation, Slowing the Stock's Momentum During the Session
Air France-KLM shares decline by 1.96% to €11.24 during the session, while the SBF 120 index is up by 0.40% and the CAC 40 by 0.39%. Barclays has lowered its rating to 'underweight' from 'market weight', although it slightly raised its price target from €9.30 to €10.00. The target remains over 11% below the current price, reflecting a cautious view on the valuation after the recent surge. Kepler Cheuvreux, on the other hand, has maintained its 'hold' advice with an unchanged target of €10.50 on June 3. Based on the consensus of analysts surveyed, the stock is trading at about 3.5 times the earnings expected this year.
The Stock Digests a Monthly Gain of Nearly 25% and Faces Resistance
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Today's decline comes after a spectacular rebound: +24.89% over a month and +14% over a year. The stock is now trading above its three moving averages, with a gap of 5.24% from the MM20 (€10.68) and 12.85% from the MM50 (€9.96). The stock has just crossed its 200-day moving average (€11.05), which has regained its role as a technical support.
The resistance identified at €11.74 remains the short-term ceiling to watch. The RSI at 67 indicates a still bullish momentum without tipping into overbought territory. Today's consolidation could test the strength of the 200-day moving average crossing, in a sector context marked by discussions between Singapore Airlines, Airbus, and Boeing regarding a large aircraft order.
SectorAéronautique / spatiale · Transports · Plateformes de voyage›Compagnies Aériennes
Context
Period
Period: 1T2026
Key reported figures
Revenue: 7479M€
EBITDA: 728 M€
Net income: -252 M€
Free cash flow: 732 M€
8026M€
Guidance from the release
Les résultats nets continuent d'être impactés par des charges élevées et des conflits.
Risks mentioned
Risque d'augmentation du prix du jet fuel en raison du conflit au Moyen-Orient.
Risque lié à l'impact des fluctuations de change sur l'endettement.
Risque d'une baisse de la demande en raison de la situation géopolitique.
Opportunities identified
Opportunité de hausse de tarifs suite à l'augmentation des prix du carburant.
Opportunité dans la collaboration avec Gategroup pour KLM Catering Services.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
