Published: Fri, May 11, 2018
Markets | By Otis Pena

Air France-KLM (AFLYY) Downgraded by ValuEngine to "Buy"

Air France-KLM (AFLYY) Downgraded by ValuEngine to

The Company's core business is passenger transport, cargo transport, and aircraft maintenance services.

AFLYY has been the subject of several other reports. Zacks Investment Research upgraded Air France-KLM from a hold rating to a buy rating and set a $19.00 price objective on the stock in a research note on Thursday, January 4th. Finally, Bank of America reiterated a sell rating on shares of Air France-KLM in a report on Monday, February 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock.

Air France said on Friday that the number of its passenger in April had dropped by 8.7 percent amid a series of continuing strikes as part of the ongoing wage increase dispute with the carrier's administration.

This table compares Air France-KLM and its competitors revenue, earnings per share and valuation.

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Last week, Air France-KLM CEO Jean-Marc Janaillac handed in his resignation to the executive board after the staff rejected a final pay offer from him. Air France-KLM is trading at a lower price-to-earnings ratio than its competitors, indicating that it is now more affordable than other companies in its industry. His exit raises questions over Air France's ability to cut costs to compete with Gulf carriers and low-priced airlines.

Air France-KLM competitors beat Air France-KLM on 11 of the 13 factors compared.

Air France-KLM reported a net loss of €269 million ($321 million) in the first quarter of the year.

Air France-KLM SA, together with its subsidiaries, provides passenger transportation services on scheduled flights. The firm operates through Passenger Network, Cargo, Maintenance, Transavia, and Other divisions.

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