Air France-KLM takes €70m hit from Paris attacks

Group’s airlines report 1.1% fall in passenger numbers
Air France-KLM says its revenues will be down by €70 million as a result of the Paris terrorist atrocity.
Air France, KLM and Hop! together reported a 1.1% fall in passenger numbers, down to 6.2 million, during December. Overall load factor decreased by 0.1 percentage points to 82.8%.
However, with the inclusion of the low-cost airline Transavia, total group passengers were “stable” at 6.7 million.
Air France-KLM said services to Japan had suffered in the wake of the attack as well as other Asian and North American routes.
“Booking trends in December were in line with a progressive recovery,” the group said.
The coordinated terror attacks across the French capital on November 13 killed 130 people. They came as Air France-KLM was in the middle of a restructuring program to try to restore long-term profitability. Capacity is being cut and the route network scaled back, which will result in 2,900 job cuts.
TTG Digital

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