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UBS has upgraded its rating for Air France-KLM to "Buy," setting a target price of 12.05 euros following the airline's better-than-expected annual results. Analyst Jarrod Castle noted an encouraging outlook for 2025, reflecting positive market sentiment.
Air France-KLM, a leading global airline, reported that in 2023, it transported 72.1 million passengers and 0.9 million tons of freight, with passenger and cargo transport accounting for 85.4% of its sales. The group operates a fleet of 551 aircraft, including 258 for Air France, 176 for KLM, and 117 for Transavia.
Air France shares have rebounded over 25% since mid-January after hitting an all-time low of €7, breaking a long downtrend. The upcoming fourth-quarter results on March 6 are crucial for restoring investor confidence, with analysts predicting a 93% rise in net income for 2025. However, challenges like volatile oil prices and competition from low-cost airlines remain significant hurdles for the airline's recovery.
Air France - KLM
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