Air France-KLM Shares Drop 2.47% to €9.87 as Oil Barrel Exceeds $109

Brent Crude Leap Above $109 Impacts Airline Stocks

Brent crude has risen 2.36% over 24 hours, reaching $109.11, continuing to strain the oil market. Fuel costs are a significant expense for Air France-KLM, and the group had already warned of the expected impact. During the first quarter financial results released on April 30, the airline had anticipated a $2.4 billion increase in its fuel bill for the year, focused on the second quarter, and consequently lowered its 2026 outlook. Other European airline stocks also fell in the same session: Airbus dropped by 2.29% and Boeing had closed down 4.73% at Wall Street on Thursday. ADP was down 2.04%. The stock ranks 104th in the SBF 120 index, which fell 1.33% to 6070.63 points during the session. Net short positions declared reached 2.65% of the capital, up by 0.32 points over thirty days, with four funds positioned including Capital Fund Management (0.80%).

Stock Revisits Its Short-Term Moving Averages After Failed Rebound

At €9.87, the stock moves back above the MM20 (€9.75) with a limited gap of 1.23%, and just above the MM50 (€9.63). The MM200 remains out of reach at €11.23, or 12.11% above the current price, indicating that the medium-term trend is still downward. The RSI at 55 and the positioning at the mid-Bollinger band (55%) indicate a neutral configuration, without significant buying or selling pressure. The rebound that began in early May, which had pushed the stock to €10.60 on May 7, is clearly losing momentum. The three-month decline of 15.89% remains much higher than the day's slight recovery. Based on the consensus of nine analysts, the stock is trading at about 3 times the expected earnings for the current fiscal year, compared to 14.5 times on average for the Consumer Discretionary sector. The next key dates are the general assembly on June 3, 2026, followed by the second quarter results on July 30.