EUROPE & CIS: Air France reports volcano-linked slump
Air France-KLM reported a 15.9 per cent slump in traffic in April due to airport closures imposed by the volcanic ash from Iceland that engulfed much of Europe. Operations were almost completely suspended 16-19 April following the eruption of IcelandÃ¢â‚¬™s Eyjafjallajokul volcano. The airline group said the affect on cargo traffic was minimal, with a […]
June 1, 2010
Despite putting on additional flights in a bid to repatriate customers, the disruptions cost Air France-KLM Ã¢â€šÂ¬35 million per day in operating income for all suspended operations, the company said.
Last monthÃ¢â‚¬™s travel chaos forced the closure of much of EuropeÃ¢â‚¬™s airspace, causing airlines direct losses of more than Ã¢â€šÂ¬1 billion according to the International Air Transport Association (IATA).