Air France-KLM
AF: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€6.00 | Mdvd | Drd |
Air France-KLM: Initiating Coverage With No-Moat Rating and Fair Value Estimate of EUR 9
We are initiating coverage of Air France-KLM with a no-moat rating and a fair value estimate of EUR 9 on the back of continued strong travel demand, gradual capacity recovery, and operational efficiency, resulting in improved profitability and cash flow generation.