Air France-KLM stock among the strongest gains in the SBF 120 after -12.8% over the quarter
The Franco-Dutch airline is displaying one of the best performances in the broader index this Friday, in a slightly positive Paris market. The rebound brings the stock back above its 20-day moving average, following a difficult session on Wednesday when Air France-KLM posted the sharpest decline in the SBF 120.
A rebound of nearly 3% that places the stock among the top performers in the SBF 120
Air France-KLM gains 2.96% to €11.81 in trading, ranking among the strongest gainers in the SBF 120 while the index itself advances 0.43%. Over the week, performance reaches 3.05%, which contrasts with a still pronounced quarterly decline of 12.81%. The stock thus returns to position itself between its MA20 at €11.59, which it exceeds by nearly 2%, and its MA50 at €11.90, which remains slightly above the current price.
Resistance at €12.26 constitutes the next zone to overcome to consolidate this movement, while support at €11.26 moves approximately 5% away. ADP, also listed in the air transport sector, gains 2.78% in trading, while Airbus declines 1.07%, a sign that today's momentum remains selective within the industry.
A neutral RSI and a fundamental context that warrants caution over the longer term
The RSI at 45 remains neutral, showing no overbought signals or buyer exhaustion, which leaves technical room for the movement without guaranteeing its continuation. The MACD histogram progresses slightly in positive territory (0.049), a sign that selling pressure is easing compared to previous days, without yet reversing the underlying trend. On the fundamental front, first-half 2026 results, published on July 30, had highlighted an environment described as "particularly volatile" by management, with capacity forecasts revised downward. As a valuation reference point, the stock is trading at approximately 3.4 times expected earnings for the current fiscal year, according to the consensus of surveyed analysts.
Furthermore, the group announced in early June a €1 billion share buyback program, which provides potential support for the stock price over time. Brent is declining 1.63% to $104.86 per barrel in trading, a modest easing of fuel costs following yesterday's surge linked to Middle East tensions. The €11.90 threshold (MA50) remains the next key zone to monitor to validate the recovery initiated this week.
