Air France Whips Short-Sellers After Bookings Recovery, Macron
- Quarterly stock gains are best among region’s major airlines
- Short interest in Air France has fallen from a February peak
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Short-sellers who circled Air France-KLM Group earlier this year found themselves in a fight-or-flight moment, and they’ve fled.
Europe’s largest airline has more than doubled in share price since the start of 2017, indicating the carrier has won the battle. Short interest has tapered to just 1.1 percent of shares outstanding on June 30 from this year’s peak of 13 percent in February, when it was among the most-shorted of European airlines, according data compiled by IHS Markit Ltd.