Air France-KLM sets out to conquer the European skies

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Admittedly, Air France-KLM missed the opportunity to buy Ita, the former Alitalia, now in the sights of Lufthansa. Will it invite itself to the capital of Tap Air Portugal, which Antonio Costa’s government wants to partially privatize? On paper, the Franco-Dutch group now has the means.

Financially first: after three years of losses, he returned to the green in 2022, with a net result of 728 million euros. “Even if its debt remains high and interest rates are rising, the group is in a much better position, explains Yan Derocles, analyst at Oddo Securities. We believe that it has the means to carry out a consolidation operation up to 5 billion euros.