Air France-KLM takes off after JPM's double upgrade
** Shares in Air France-KLM AIRF.PA jump around 7% after J.P.Morgan double upgrades its rating to "overweight" from "underweight"
** JPM sees a "buying opportunity into winter" for European airlines, highlighting that the sector has been picking up over the last month
** "We see potential for an inflection in earnings momentum set against a share price down 40% YTD and at a historical low," it says on Air France KLM's upgrade
** JPM anticipates potential outperformance in Q4 with margin expansion thanks to lower fuel prices
** It also highlights easyJet EZJ.L as a "high conviction" overweight rating, citing cleaner pathway to high earnings growth
** The broker keeps its "overweight" rating on British Airways owner IAG ICAG.L and Ryanair RYA.I, "neutral" on WizzAir WIZZ.L and "underweight" on Lufthansa LHAG.DE
Reporting by Stéphanie Hamel
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