Bloomberg Audio Studios podcasts, radio,

news.

>> The Stock Movers Report, your roundup of

companies making moves in the stock

market, harnessing the power of

Bloomberg data. Well, let's take a look

at some stocks on the move today in

Europe. I'm Steven Carroll and I'm

joined by Bloomberg's breaking news

editor, Louise Moon. Louise, good

morning. Let's start with one of the big

movers this morning. Air France shares

currently up 10% in Paris. They've been

a little higher earlier in the session.

What's driving those shares higher?

>> Yeah, exactly. They were up as much as

14% this morning. So, and then, you

know, looking back, that's taking their

12 month gains to over 50%. So, really

giving a big boost this morning. That's

after their fourth quarter earnings.

They came in much better than expected.

So, for example, annual operating profit

that exceeded €2 billion for the first

time. So, all quite positive. Um their

commentary was quite interesting.

They're they're very upbeat essentially

about transatlantic travel. Um so they

expect uh that to continue. They're

saying there's a lot of premium demand.

That's their bright spot. Expecting

capacity to rise essentially on the back

of that going forward. Um their budget

side does slightly still remain under

pressure. um you know with wider kind of

uh you know the cost of living concerns

uh particularly uh impacting their their

their budget section but premium is a

really bright spot and that

transatlantic premium in particular. So

good news for them particularly after uh

in November they they had said that they

were under a lot of pressure to review

the business model of KM um because of a

host of issues you know partly on

airport charges inflation and and a few

other things as well. So this uh set of

results today will will and is providing

some reassurance as you can see in their

share price and and they stuck as well

to their medium-term guidance. So a lot

of positive indicators there.

>> Yeah, indeed. It was interesting to see

the the snow and ice that disrupted

flights at at Amsterdam and Paris

airports at the start of the year going

to cost them 90 million euros this

quarter as well. So perhaps a little bit

of a fly in the ointment of uh those

results from Air France KM. Let's stay

with planes and turn to Airbus next.

Their shares are down over 7% this

morning and criticism of the company

that supplies them engines for their

planes.

>> Yeah, not so much of a positive story

for them. So, this is all um as you say

uh centralling around uh Pratt and

Whitney. So, their their provider of

engines. So, Airbus have forecast their

deliveries their overall aircraft

deliveries for 2026 to be about 870

planes. So, that's lower than previous

estimates. They also say that going into

well by the end of next year monthly

production of their A320s might fall

short of 75 units. And this is all

because of supply chain constraints all

centered around um Pratt and Whitney

what they say Prattton Whitney falling

short of contractual obligations. So,

you know, this has been um an ongoing

story within the industry of uh issues

for for Platon Whitney's engines and and

therefore the the uh knock-on effect

that has through the supply chain. Um

and so Airbus really kind of came out

with with some fighting talk this

morning. The CEO was saying, "We won't

give up. We're not satisfied with the

low level. It's insufficient." um and

kind of opening up that confrontation

between them and one of their main parts

suppliers um Pratt and Whitney and they

said that they expect that issue to

continue going forward but as I say

they're they're trying to tackle that.

So shares fell in France on the back of

this down uh about f well almost 6% at

one point this morning.

>> Let's go from planes then to miners. Rio

Tinto shares down currently about 3.9%

uh and this is after their earnings out

this morning. Yeah, they had their four

year fulyear earnings. They came in

relatively flat. Um, essentially they

had seen improvements in their copper

and aluminium space, but that failed to

offset a lot of other issues. So that

was US tariffs, uh, one-off

restructuring costs, and then in

particular, it's got very high exposure

to the iron ore market, which has been a

lot weaker, particularly uh, down to

China. So even though they had some

improvements in some areas, th those

those other areas um and as I say,

particularly iron or failed to offset

that. Um it kind of shows or

demonstrates why there's been a lot of

talk in the industry about um M&A within

mining and in particular when it comes

to Rio. Uh there had obviously been

talks of a tie up with Glenor which was

abandoned earlier this month. But these

these miners potentially merging or in

some way or form is with the aim to

increase exposure to metals like copper

that are providing the boost um at the

moment. So Rio said that going forward

uh they're going to focus on their own

growth um and you know go at it alone

and and prove that they can do that

without Glenor. Um, and yeah, I mean,

miners leading the declines across

across uh Europe today, partly on the

back of Rio's results.

>> The Stock Movers Report from Bloomberg

Radio. Check back with us throughout the

day for the latest roundup of companies

making news on Wall Street. And for the

latest market moving headlines, listen

to Bloomberg Radio Live. Catch us on

YouTube, Bloomberg.com, and on Apple

CarPlay and Android Auto with the

Bloomberg Business App.