50 SKY SHADES - World aviation news

Paris attacks cost Air France-KLM €50m in lost revenue

Download: Printable PDF Date: 08 Dec 2015 10:59 (UTC) categories:
Publisher:
Paris attacks cost Air France-KLM €50m in lost revenue - Finance publisher
Tatjana Obrazcova
Country: France Aircraft: Airplanes Airline: Air France
Source: BBC

Air France-KLM has said that the Paris attacks, in which 130 people were killed, led to a €50m ($54m; £36m) drop in revenues as trips were cancelled.

However, the airline group said it expected the effect to have largely worn off by the end of December.

The group said the attacks "significantly impacted" traffic to and from Paris.

Before the attacks passenger numbers were higher than the same period last year, but then fell below that level.

In its monthly traffic update, Air France-KLM said: "The negative impact of the Paris attacks on total November revenues is estimated to be around €50m ($54m, £36m).

"Current booking trends are in line with a progressive recovery including a very limited impact on volumes after the end of December 2015.

Last week, Ryanair said it had cut fares in response to a dip in demand after the attacks, but said it did not expect the lower prices to have a material impact on its financial results.

Scandinavian carrier SAS also said it had seen a drop in travel to Paris and Brussels but that traffic was returning to normal.





Recommended

Volatus Aerospace partners with Singular Aircraft to introduce FlyOx 1 heavy-lift autonomous aircraft for Canadian wildfire response

Volatus Aerospace announced the next phase of its national wildfire response initiative through a strategic partnership with Singular Aircraft, developer of the FlyOx 1 multi-mission heavy-lift autono...

flydubai to host UAE National Careers Open Day, showcasing aviation career opportunities for Emirati talent

flydubai will host its UAE National Careers Open Day on 16 August at the flydubai Campus, inviting UAE nationals to explore rewarding careers with one of the region’s fastest-growing airlines an...

Daher Aircraft expands its authorized service center Network in Brazil, reinforcing support for the country's growing TBM fleet

Daher Aircraft has strengthened its customer support coverage for Brazilian owners and operators of the fast, efficient TBM airplane family with the addition of two authorized service centers to the c...

Bombardier to showcase its exquisite Challenger 3500 at LABACE 2026 as part of extensive multi-city Latin American tour

Bombardier Challenger 3500 will be on display at LABACE 2026 at Campo de Marte Airport in São Paulo, revealing its impressive design and performance attributes for clients in region.&...

Android Apps development in Riga, Latvia