Air France-KLM stock among the strongest gainers on the SBF, +5.5% during the session
The Franco-Dutch airline company posts one of its best sessions of the autumn in a generally calm Paris market. The stock crosses several technical thresholds in the process and returns to unprecedented levels for several weeks, against the backdrop of the VIX at its floor.
A 5.5% surge that pushes the stock above its three moving averages
Air France-KLM closes at 12.11 €, up 5.58% compared to the previous day (11.47 €), posting one of the strongest gains on the SBF 120. The movement is part of a recent upward dynamic: the stock gains nearly 6% over the week and more than 5% over the month. The technical configuration has improved significantly during the session. The price now exceeds its three moving averages: the 20-day MA at 11.63 € (difference of +4.13%), the 50-day MA at 11.97 € (+1.17%) and the 200-day MA at 11.25 € (+7.64%).
This simultaneous return above these three benchmarks contrasts with the situation observed a week ago, when the stock fell 2.5% and threatened its support level of 11.38 €. The next resistance to watch stands at 12.34 €, or less than 2% above the closing price. The RSI at 43 remains in neutral territory, which leaves room for further gains without signaling overbought conditions.
Valuation contained in a cautious operational context
The stock remains valued at historically low levels: according to the consensus of analysts surveyed, Air France-KLM stock trades at approximately 3.5 times expected earnings for the current fiscal year and 2.6 times those of the following fiscal year. These multiples reflect persistent caution around the security, consistent with the tone adopted when publishing first-half 2026 results (July 30, 2026), when the group described a "particularly volatile" environment and adopted an agile approach to its capacity. For context, the group had then reported revenue up 9.9% in Q2.
Furthermore, the 1 billion euro share buyback program announced in June 2026 provides structural support for the price. In a Paris market that closes slightly higher (CAC 40 at +0.20%, SBF 120 at +0.24%), the stock's outperformance is marked. The 12.34 € resistance level will be the next technical reference point to watch.
