Air France's 'absurd' valuation lures buyers where many fear to go
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Toulouse, France
EVEN by the cut-throat standards of the aviation industry, Air France-KLM Group has been a dire case: labour fights that have turned violent, cost-cutting efforts blocked by politicians, low- cost carriers aggressively taking over its home market. Yet, more investors are starting to buy in.
The arrival in July of new CEO Jean-Marc Janaillac, who promises a conciliatory approach towards labour, won the attention of Roche-Brune Asset Management, for example. Air France- KLM made progress on cost-cutting under the previous CEO, and further restructuring can be achieved now, according to the firm, which bought almost 600,000 shares over the summer.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
