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...

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