Air France-KLM Shares Soar 17% in a Week, Boosted by Brent's Decline

Air France-KLM Shares Gain 2.82% to €11.83, Up 17.24% for the Week

The AIR FRANCE-KLM stock is among the strongest risers in the SBF 120, in a broad index that is up 1.11%. The energy context is fully influential: Brent crude falls to $91.84 per barrel during the session, amid a memorandum of understanding between Washington and Tehran to extend the ceasefire and a gradual easing of restrictions in the Strait of Hormuz. The 17.5% decline in the barrel since May 19 mechanically reduces the fuel bill, the carrier's primary variable cost. The rise today follows a session where the stock had lost ground despite the Brent's decline. As a reminder, Morgan Stanley had upgraded to buy earlier this week with a target of €11.50, now surpassed by the current price.

RSI at 70 Indicates Tension in the Rebound, AGM in Sight on June 3

The stock is now significantly above its three moving averages, with a gap of 15.64% over the MM20 (€10.23) and 6.29% over the MM200 (€11.13), recovered earlier this week. The RSI reaches 70, a threshold indicating entry into the overbought zone and reflecting the tension of a rapid rebound after a still negative quarter (-3.82%). Over one year, the performance stands at +29.15%. Valuation remains low: according to the consensus of surveyed analysts, the stock is trading at about 3.5 times the earnings of the current fiscal year and 2.5 times those of the next fiscal year, a legacy of the return to a net loss of 252 million euros in the first quarter and the lowering of the 2026 outlook due to rising fuel costs. The next statutory appointment is the general assembly on June 3, 2026.