Air France braced for travel slump

Air France braced for travel slump

“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.The 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.

SA Breaking News Team

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