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50% Drop in Air France-KLM Stock: What’s Behind the Numbers?

Air France-KLM’s stock has experienced a significant decline, dropping by 50% over the past year. This sharp decrease prompted JPMorgan to downgrade the airline’s stock rating. The downgrade reflects concerns over the company’s financial health and future profitability. In the last quarter, Air France-KLM reported a net loss of €718 million, a stark contrast to the €258 million profit from the same period the previous year. Additionally, the airline’s revenue fell by 25% year-over-year, totaling €5.4 billion. These figures highlight the challenges the airline industry faces amid ongoing global economic pressures. The statistics underscore the urgent need for Air France-KLM to implement effective strategies to reverse its financial downturn and restore investor confidence.

Source: thefly.com

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