2198
Air France Strike Cost $632m
World Economy

Air France Strike Cost $632m

Air France put the total cost of last month’s two-week pilots strike at 500 million euros ($632m) on Wednesday, wiping more than a fifth off its parent group’s estimated full-year core profit. Air France-KLM, Europe’s second-biggest network carrier by revenue, had already revised down its target for 2014 earnings before interest, tax, depreciation and amortization in July from 2.5 billion euros to between 2.2 and 2.3b. Air France-KLM said total passenger traffic fell 15.9 percent in September, adding that bookings for the fourth quarter were down by between 1 and 2 percentage points.

Short URL : http://goo.gl/yvgPAz

You can also read ...

Argentina Lacks Options to Defend Peso
With interest rates sky-high and the economy heading for...
Westinghouse Electric, the leading US nuclear fuel producer, said it relies on China for zirconium and zirconium powder  for use in nuclear fuel assemblies
A broad cross-section of US businesses has a message for the...
BMW Seeking Broader China Collaboration
The opening-up is an important policy and German carmaker BMW...
Turkey, Qatar in Currency Swap Deal
The central banks of Qatar and Turkey signed a currency swap...
Vehicle loans have rapidly expanded as cars purchased during a tax rebate scheme for first cars  in 2012-13 have begun to be replaced.
Consumer borrowing is accelerating significantly in Thailand...
Asian Countries Vie to Set Up Crypto Valleys
The race to establish cryptocurrency hubs in Asia is gathering...
International Labor Organization has called for stronger...
UK Business Pessimism Rising
Business leaders’ confidence in the British economy has fallen...

Trending

Googleplus