Air France-KLM stock gains 3.36 percent on September 25, 2026

Published on 09/25/2026 at 11:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Air France-KLM stock reflects Q2 revenue of EUR 9.3 billion, up 9.9 percent. Adjusted operating profit fell EUR 251 million to EUR 484 million as fuel costs rose EUR 804 million.

Unbeschriftetes Passagierflugzeug auf Rollfeld bei Sonnenuntergang, Air France-KLM SA — Realistisches Foto eines unbeschrifteten Passagierflugzeugs auf Rollfeld zeigt Air France-KLM SA FR0000031122 Luftfahrtbranche, Illustration mit AI erstellt.

Air France-KLM stock (ISIN FR0000031122) was trading at EUR 11.86 on Euronext Paris on September 25, 2026, up EUR 0.39 or 3.36 percent from the EUR 11.47 prior close. The move comes as investors weigh stronger revenue against a sharp fuel-cost burden in the airline group's latest quarter.

Revenue rises as profit falls

Air France-KLM's second-quarter revenue increased 9.9 percent to EUR 9.3 billion. According to IBA on September 22, 2026, unit revenue rose 8.7 percent, supported by premium demand and cargo.

The earnings mix was less favorable. Adjusted operating profit declined EUR 251 million to EUR 484 million, leaving a 5.2 percent margin, while fuel and emissions costs created an EUR 804 million headwind, according to Morningstar on September 16, 2026.

Fuel costs set the next test

Management has reduced expected 2026 capacity growth to 2-3 percent and expects a fuel bill of USD 8.9 billion after hedging. GP Aviation Intelligence reported on September 14, 2026, that 67 percent of 2026 consumption was hedged, while 40 percent was covered for 2027. The figures show why revenue growth alone is not yet translating into higher operating profit.

Morningstar raised its fair value estimate from EUR 11.20 to EUR 12.30 on September 16, 2026, citing higher short-term revenue and margin forecasts. The revised estimate is EUR 0.44 above the September 25 market price, a gap of 3.71 percent.

Stock trades below yearly high

Air France-KLM stock was trading at EUR 11.86 on Euronext Paris on September 25, 2026, at 11:32 a.m. CEST. The session range was EUR 11.66 to EUR 11.88, while the 52-week range stood at EUR 8.37 to EUR 14.43. Market capitalization was EUR 3,113,381,392 and volume reached 349,121 shares at that time. The next reporting date listed for the company is November 5, 2026, for third-quarter results.