Air France takes a hit by pilots' strike
Air France's third quarter results have taken a bashing due to a record pilots' strike, with turnover falling by 416 million euros ($A573.44 million).
The Air France-KLM group, Europe's second-biggest airline, was already in difficulty when the pilots went on strike between September 15 and 28 in protest at the group's plans to expand its low-cost subsidiary Transavia France.
Half the carrier's fleet was grounded during the protest. In September, passenger traffic fell by 15.9 per cent and cargo by 17.7 per cent.
The strike is estimated to have cost 330 million euros ($A494.98 million) on Air France's operating income, which stood at 247 million euros against 641 million a year earlier.
Turnover fell to 6.69 billion euros, a 6.7 per cent fall, the company said.
The strike also came at a most inopportune time, said Air France finance director Pierre-Francois Riolacci with eurozone economies failing to emerge from the doldrums as some experts had predicted they would at the start of this year.
Email the Travel Weekly team at traveldesk@travelweekly.com.au
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