UBS has restated its recommendation to 'buy' Air France-KLM, with a price target of 12.75 euros, indicating a potential 50% increase in the airline's share price.

The broker has expressed concerns about the proposed increase in French taxes, noting that the Group has not yet evaluated the potential impact on its network and tax base.

Investors are advised to consider the implications of these tax proposals on the airline's future performance. UBS's analysis emphasizes the importance of monitoring developments in this area, as it could significantly affect the company's outlook.