Wednesday November 25, 2020

Terrorism weighs on Air France-KLM results

6th November, 2016
Falling demand for tourism hits Europe’s airlines

Third quarter results at Air France-KLM showed the impact of falling demand for tourism in Paris and other French cities with a sharp fall in profits. The airline has had to cope with terrorist attacks, air traffic control strikes and over-capacity across European markets that has driven down air fares.

“There’s lots of uncertainty surrounding the economic rebound, and the geopolitical situation has been worrying, especially with the consequences of terrorist attacks on European destinations,...

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