Yellow vest protests hit Air France sales
AIR France KLM has said anti-government protests in France had hit its revenue, taking the shine off a rise in its overall December passenger traffic figures and knocking its shares.
The airline said the ‘yellow vest’ protests, which have been marred by violence and disrupted shopping areas and the transport network, were estimated to have had a negative revenue impact of around €15m.
A spokeswoman for Air France KLM said it had arrived at the estimate by taking into account lastminute cancellations of bookings that had occurred as a result of the protests, which started in midNovember but intensified and grew more violent over the course of December.
The airline carried around 7.7 million passengers in December, up 3.6pc from a year earlier, while for the whole of 2018 it flew around 101 million passengers, 2.8pc higher than the previous year, it said.
Shares were down 3.7pc in early trading yesterday.
A ‘yellow-vest’ protester in a Guy Fawkes mask in Paris