AF Overview

Flight Cancellations: Several global airlines, including AEGEAN AIRLINES, AIR FRANCE-KLM, and DELTA AIR LINES, have suspended flights to and from Tel Aviv following a missile attack by Yemen's Houthi rebels on May 4, with cancellations extending until late May.

Resumption of Flights Impacted: This disruption comes after airlines had started resuming flights to Israel earlier in the year due to a ceasefire with Hamas, highlighting ongoing instability in the region affecting air travel.

Airline Stock Decline: European airline stocks dropped as Barclays analysts highlighted warnings from major U.S. carriers about reduced revenue forecasts due to weakening domestic demand, which may also affect international markets and European airlines like IAG, Lufthansa, and Air France-KLM.

Revenue Guidance Cuts: U.S. airlines including American Airlines, Delta, and Southwest have significantly lowered their first quarter revenue growth expectations, indicating a potential trend of declining profitability that could impact transatlantic routes, with analysts expressing concerns over macroeconomic risks affecting travel demand.

Transaction Declaration: The declaration of transactions in own shares was completed on July 26, 2024, and submitted to the Autorité des Marchés Financiers on July 31, 2024.

Public Access: This document is publicly available in the "regulated information" section of the Company's website for consultation.