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AFRAF - The Wings Of Air France-KLM Carry Multi-Billion Dollar Debt
Air France-KLM
Air France-KLM will burn cash for quarters to come, turning cash positive in 2023.
Airline group likely to need additional liquidity while it battles a huge debt load.
While Air France could finally restructure, becoming a leaner business, and there are chances for share price appreciation, fundamentally the story remains difficult for Air France-KLM.