Morgan Stanley cuts target for Air France-KLM stock to EUR 13.20
Published on 10/13/2026 at 04:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Morgan Stanley lowered its Air France-KLM price target from EUR 13.50 to EUR 13.20 on October 8, 2026, while retaining an overweight rating.
- Air France-KLM reported Q2 2026 group revenue of EUR 9.30 billion, up 9.90 percent year over year.
- The stock was last at EUR 10.54 at Lang & Schwarz on October 12, 2026, while the 52-week range was EUR 8.37 to EUR 14.43.
- Air France-KLM is scheduled to report third-quarter results on November 5, 2026.
Morgan Stanley lowered its price target for Air France-KLM stock from EUR 13.50 to EUR 13.20 on October 8, 2026, and kept an overweight rating, according to Fortuneo. The revised target stands 25.24 percent above the latest Lang & Schwarz price of EUR 10.54.
Three figures shaped the year
On June 9, 2026, Air France-KLM announced a EUR 1.0 billion share buyback program, as reported by Ideal Investisseur.
For the second quarter of 2026, group revenue rose 9.90 percent year over year to EUR 9.30 billion. Air France segment revenue reached EUR 5.50 billion, while adjusted operating profit was EUR 225.00 million, down EUR 290.00 million year over year, according to Aviation Intelligence.
What does the target cut change?
The Morgan Stanley move gives investors a quantified reference point rather than a change in the company's operating outlook. At EUR 10.54, the stock is 20.92 percent below the 52-week high of EUR 14.43 and 25.98 percent above the 52-week low of EUR 8.37.
The operating contrast remains important: Q2 revenue expanded, but adjusted operating profit fell by EUR 290.00 million year over year. That gap places fuel costs, capacity discipline and pricing power at the center of the next results discussion.
Next reporting date
Air France-KLM is scheduled to publish third-quarter 2026 results on November 5, 2026, according to Aviation Intelligence.
Stock stays below its yearly high
The last available Lang & Schwarz price was EUR 10.54 on October 12, 2026 at 10:58 p.m. CEST. Air France-KLM stock therefore remained below its 52-week high of EUR 14.43, while the revised Morgan Stanley target was EUR 13.20.
The further course of trading is shown by the continuously updated real-time quote of Air France-KLM stock.
Air France-KLM stock at a glance
- Company: Air France-KLM S.A.
- ISIN: FR001400J770
- Ticker: AF
- Primary exchange: Euronext Paris
- Price Lang & Schwarz as of October 12, 2026, 10:58 p.m. CEST: EUR 10.54
- Market capitalization: EUR 2.8 billion as of October 12, 2026
- 52-week range: EUR 8.37-EUR 14.43 as of October 12, 2026
- Index membership: SBF 120
- Next earnings date: November 5, 2026
Market context: Market report CAC 40.
