Air France-KLM

AF: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€8.00	Xrnhn	Hcnvq

Air France-KLM: Initiating With No Moat; Cost Rationalization Supports Our EUR 9 Fair Value Estimate

Loredana Muharremi

Aug 12, 2024

Business Strategy and Outlook

Air France-KLM is a European network carrier utilizing a hub-and-spoke model. Its two major hubs are Charles de Gaulle Airport in Paris and Schiphol Airport in Amsterdam.

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