seekingalpha : Air France passengers set for week of travel misery
Air France braced for travel slump – Air France-KLM ADR (OTCMKTS:AFLYY)
“If the question is do we see a deteriorating environment, the answer is yes,” Air France-KLM (OTCPK:AFLYY) CFO Pierre-Francois Riolacci said in regards to France’s standing as a tourist hotspot.Islamic State-inspired killings are weighing on travel demand, even as fuel savings helped the carrier’s Q2 operating profit surge 77%.In addition to contending with turbulent markets, Air France flight attendants began a four-day strike today, while KLM ground crew is planning unspecified labor actions tomorrow.
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Air France passengers set for week of travel misery
Photo: AFPThe Local/AFP · 27 Jul 2016, 08:45Published: 27 Jul 2016 08:45 GMT+02:00Some one-third of Air France flights were scrapped on Wednesday as a seven-day strike by flight attendants began.Air France said Tuesday a week-long strike from Wednesday by flight crews will see the carrier scrap 30 percent ofdomestic and medium-haul flights at the height of the busy holiday period.Some 35 percent of flight attendants, who account for 13,600 of Air France’s 50,000-strong workforce, are expected to join a stoppage which the airline said would affect some 10 percent of long-haul flights.
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Air France warns of drop in travel to France after attacks
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