Yel­low vest protests hit Air France sales

Irish Independent - Business Week - - FRONT PAGE -

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.

Reuters

A ‘yel­low-vest’ protester in a Guy Fawkes mask in Paris

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