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BUZZ-Air France: slumps on outlook

Reuters - UK Focus

** Air France (Paris: FR0000031122 - news) down 5 pct and tests lowest level this year following 2014 loss and doubts on its ability to achieve a medium-term forecast it set for itself in Sept 2014

** Overcapacity on long-haul routes, FX swings to continue to offset savings on fuel

** A forecast laid out in Sept 2014 to achieve 8-10 pct EBITDAR growth in the medium term now appears challenging, co says

** Stock is easily the worst performer across the Stoxx 600 travel & leisure index and underperforms other European airlines, particularly low-cost rivals

** Ryanair up 1 pct, Lufthansa flat (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)