Air France-KLM Hit by Strikes and Weaker Earnings

3 months ago

Louise Moon

"earnings mis expectations kind of across the board. So operating income revenue, they both came in lower than expected. One of the main things that they're flagging is strikes. So the two there was a two-day strike in France for air traffic control that hit them and there also was a ground personnel strike in September in the Netherlands, which cost about 50 million euros in the quarter. And then they also noted that warmer than usual summer in countries like Germany, the UK and the Netherlands also reduced demand for trips to southern Europe. That was also weighed on them slightly."

The commentary highlights that Air France-KLM faced earnings disappointments driven by operational disruptions from strikes and seasonal softness, contributing to a significant share decline.

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