Bullish Case: Recent record revenues and strategic expansions, such as increasing stakes in SAS and potential TAP acquisition, signal strong market positioning and growth opportunities, particularly in high-demand summer periods and emerging markets like India.


Bearish Case: Persistent near-term challenges including geopolitical tensions in the Middle East and Africa, combined with ongoing operational disruptions and increased competition in air travel, could strain profit margins and operational efficiency.


Potential Outcomes:

1) Geopolitical resolution: 20% probability of improving regional stability boosting routes profitability.

2) Successful acquisitions: 35% chance of enhancing market share and revenue.

3) Operational disruptions continue: 45% probability affecting summer profitability.


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April 19, 2024


Air France-KLM Forecast

AFLYY        Air France-KLM
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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