Monday's Air France-KLM shares were the subject of a warning for bookings and the other airlines weakened, on Monday's mostly listless European stock markets.
Air France-KLM shares
precipitated by 9% as the airline stated that "peak bookings are weaker than expected due to the slowdown in the macroeconomic environment".
Mark Simpson, an analyst at Goodbody Stockbrokers, stated that consensus operating profit forecasts of 1.3 billion euros "will probably move lower on implicit implications for yields on weaker book-closing." The guide had been that to establish stable prices for the airlines of the network.
Separately, a French minister told Le Parisien that Air France "wanted to make an offer" for the bankrupt Aigle Azur airline, Reuters reported.
Other European airlines including easyJet
, International Consolidated Airlines Group
, Ryanair Holdings
RY4C, + 0.06%
RYAAY, + 1.34%
and Deutsche Lufthansa
IT HAS, -0.74%
also lost ground. British Airways, a unit of the International Consolidated Airlines group, was forced separately to cancel almost all of its flights due to an airline strike.
Larger markets have shown little movement. The Stoxx Europe 600 index
SXXP, + 0.05%
gained 0.07% to 387.40.
The German DAX
DAX, + 0.33%
increased by 0.32% to 12230.31, the French CAC 40
earned 0.03% at 5605.57 and the UK FTSE 100
weakened by 0.29% to 7261.56.
Futures on US stocks
ES00, + 0.24%
they were a little stronger.
There has been some positive news on the trade war front between the United States and China, since Politico reported that China has offered to make modest agricultural purchases in the United States – if the United States relaxed its restrictions on Huawei and even delayed the next rate increase.
UK economic data was better than forecast, with monthly GDP up 0.3% and industrial production up on July.
Of other important engines, ProSiebenSat.1 Media
PSM, + 5.43%
recorded an increase of 5% as UBS updated the company to buy from neutrals, stating that it is too cheap to be ignored despite macro winds.
Associated British food
it lost over 2% after reiterating that the adjusted EPS will be flat for the year.