Air France-KLM stock climbs on Kepler upgrade
Published on 08/25/2026 at 20:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Air France-KLM stock rose to EUR 11.93 on August 25, 2026, after Kepler Cheuvreux lifted its view to Hold from Reduce and kept its EUR 11.50 target unchanged. The move came after second-quarter 2026 results that pushed the broker to raise current-year profit estimates by 20%.
Upgrade meets better earnings
Investing.com reported on August 25, 2026 that the upgrade followed a recent slide in the shares, which had left the broker more comfortable with the valuation. The same report said the stock had dropped 12% before the new call, while the share price was rebounding from that stretch.
The Q2 2026 backdrop gives the upgrade more weight. Revenue increased 10% to EUR 9.3 billion, and the quarter beat consensus on both the top and bottom line, according to the same market report.
Price and valuation gap
The current quote of EUR 11.93 sits above the EUR 11.50 target Kepler kept in place, which leaves the latest analyst view slightly behind the market price. A separate market snapshot put the stock at a market cap of $3.55 billion and a P/E ratio of 2.87 as of August 25, 2026.
That mix of a low multiple, a higher 2026 profit estimate, and a target that still sits below the last trade suggests the market is paying close attention to execution in the second half of the year. A second data point from the same session showed the shares at EUR 12.18 with a 4.77% gain and a market cap of EUR 3.56 billion.
What the airline sells
Air France-KLM's network model still rests on long-haul traffic, hub connections through Paris-Charles de Gaulle and Amsterdam-Schiphol, and premium-cabin demand across its route system. That setup matters because the quarter's 10% revenue increase came alongside higher fuel costs, so pricing power and load factors remain central to the next earnings update.
Stock close
Air France-KLM stock traded at EUR 11.93 on August 25, 2026, with the session also showing EUR 12.18 in later trading. The shares remain tied to analyst revisions and the pace of earnings recovery.
Air France-KLM at a glance
Company: Air France-KLM SA
ISIN: FR0000031122
Ticker: AF
Exchange: Euronext Paris
Sector / Industry: Airlines / Passenger Airlines
Index membership: CAC 40
More on Air France-KLM stock
Air France-KLM stock is being shaped by the latest analyst call and the Q2 2026 revenue line, while the low valuation keeps the debate focused on earnings delivery.
