Air France-KLM did not meet expectations in the first quarter because the costs decreased more slowly. Rising oil prices also bothered the aviation company, write Bernstein analysts in a reaction to the quarterly figures.
Air France-KLM’s revenue growth was 2 percent in line with expectations and the outlook for the short term is better. According to the Bernstein analysts, who have market perform advice for Air France-KLM, the figures from the aviation combination offer investors some peace of mind.
Market researchers from Citi mainly point to personnel costs for missing expectations. However, they believe that the results will not have much influence on the expectations that analysts have for the rest of the year. Citi does think that the comment from the top of the aviation combination about the second quarter will be good on the market. Citi has a neutral advice for Air France-KLM.
The Air France-KLM share was 2.7 percent lower on Friday after approximately ten minutes of trading at 9.95 euros.