Thursday July 16, 2020

Air France predicts €500m earnings hit from strike

Air France-KLM Group has said profit in 2014 may be €500 million lower than earlier forecast amid lost revenues from the worst strike in its history, which crippled flights for two full weeks last month.

8th October, 2014
The fallout from the strike currently stands between €320 and €350 million

Air France-KLM Group has said profit in 2014 may be €500 million lower than earlier forecast amid lost revenues from the worst strike in its history, which crippled flights for two full weeks last month.

The fallout from the actual strike stands between €320 and €350 million. That figure represents lost revenue and additional costs minus expenses avoided such as a fuel, it said. The total shortfall is higher because the strike has led some passengers...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 6 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago