Air France-KLM falls on France's fiscal plans reports, Middle East tensions
** Shares of Air France-KLM AIRF.PA closed about 7% lower on Tuesday after a media report about a potential tax hike on airplane tickets by the newly-appointed French government
** France's finance ministry plans to levy an additional billion euros on air transport, financial daily Les Echos reports, citing unspecified sources, by increasing the air passenger solidarity tax on airline tickets, as part of the 2025 budget bill
** "The share move seems to be directly linked to this rumour and not to the more general tax scenario," says an analyst who asked to remain anonymous, stressing that the government has not issued any official confirmation yet
** In his policy speech before the National Assembly, France's new PM Michel Barnier vowed to hike taxes for France's biggest companies and wealthiest individuals
** Alpha Value's Yi Zhong also flags indications from U.S. that Iran is preparing to imminently launch a ballistic missile attack against Israel
** This would force airlines "to avoid the airspace of the affected bloc instead of just avoiding the related destinations," Zhong says
** Air France-KLM shares saw on Tuesday their biggest single-day drop in 8 months
Reporting by Alban Kacher
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