Air France-KLM Shares Up 3.64% at Opening, at €9.75
The Franco-Dutch airline accelerates at the opening in a well-oriented Parisian market. The stock benefits from a favorable session climate for European air transport, while the CAC 40 is up 1.56% in early morning. This movement extends the rebound that began earlier in the week following the release of the first quarter accounts.
A Rebound in a Supportive Market
Air France-KLM shares gained 3.64% to €9.75 at the opening, compared to €9.41 at the previous day's close. Over seven days, the stock now shows a gain of 9.16%. The decline remains more marked over three months, at -15.82%.
The session context is supportive for European aviation. Airbus is up 2.43% and ADP gains 2.61% in parallel, in a CAC 40 that is up 1.56%. The movement comes two days after the release of the first quarter revenue figures, at €7.479 billion, up 4.4%, with current EBITDA at €728 million. However, the group remains at a net loss of €252 million, penalized by a €368 million fine related to a cargo dispute.
Barclays Lowers Its Target, Focus Shifts to June
On the brokers' side, Barclays has lowered its target from €9.85 to €9.30 on May 4, with a market-weight opinion. The target is now 4.6% below the day's opening price.
Regarding indicators, the RSI at 47 is in the neutral zone and the price moves in the middle of the Bollinger Bands. The MM50 at €9.96 remains slightly above the price, while the resistance identified at €10.53 marks the upper limit of the recent channel. Crossing the 50-day moving average would mark the next technical step in the rebound.
On the fundamental side, during the third quarter of 2025 publication, the group had reconfirmed a capacity increase of 4 to 5% for the year and an expected debt leverage between 1.5x and 2.0x. Among the risks mentioned: pressure on Economy cabin yields and increased competition on Transavia in the Netherlands. Next on the calendar: the general assembly on June 3, 2026, before the publication of the second quarter results on July 30.
