Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Air France-KLM SA is a leading European airline holding company formed in May 2004 through the merger of Air France and KLM Royal Dutch Airlines, both founding members of the SkyTeam alliance. It operates as a unified group while preserving the distinct brands and identities of its airlines, with primary hubs at Paris-Charles de Gaulle and Amsterdam-Schiphol airports. The group's core businesses encompass passenger transport, cargo, and engineering & maintenance, serving over 320 destinations across 118 countries with a modern fleet exceeding 500 aircraft, including long-haul models like Airbus A350s and Boeing 777s, medium-haul Airbus A320s and Boeing 737s, regional Embraers, and dedicated cargo freighters. Wholly owned subsidiaries include HOP!, KLM Cityhopper, Transavia, Transavia France, and Martinair, alongside minority stakes in carriers such as Kenya Airways and Air Mauritius. Air France-KLM SA plays a pivotal role in international air transport from Europe, transporting millions of passengers annually and emphasizing sustainability through fuel-efficient aircraft to reduce emissions. Its global network and alliances enhance connectivity, positioning it as a key player in the aviation industry.
Operating margin is thin at 6.13%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 4.9%, steady but not accelerating.
Net debt of €9.36B represents 15.4x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€33.32B
▲ +4.9% YoY
Net Income (TTM)
€1.75B
▲ +258.7% YoY
Op. Margin
7.10%
▲ +1.0pp YoY
ROIC
11.42%
▲ +2.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€596M
▲ +361.2% YoY
Op. Cash Flow (TTM)
€2.51B
▲ +1183.2% YoY
Net Debt
€9.36B
Cash & Equiv.
€6.04B
3Y CAGR: +7.7%
3Y CAGR: -31.5%
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