Air France-KLM: in the green on an analyst upgrade

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(CercleFinance.com) – Air France-KLM takes 1% against the backdrop of an increase in opinion at Oddo BHF from ‘underperformance’ to ‘neutral’, with a price target raised from 7.5 to 10 euros, in a note on European airlines.

‘Thanks to a unit revenue which is holding up better than expected, notable capacity discipline and a reduction in the fuel bill, we anticipate a rebound in margins, particularly for the majors’, explains the analyst.

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