United Kingdom
United States
Asia Pacific
Air France profits down 97%
Air France profits tumbled 97% in the first quarter to 4 million euros.
The net profit for the same period last year was 159 million euros.
The French airline blames strikes by air traffic controllers for the loss of 55 million euros of revenue. The carrier also cites “a deterioration in the business climate, aggravated by the conflict in Iraq, the SARS epidemic, high fuel prices, and a weakening of the dollar and the yen”. In all, Air France says the SARS epidemic cost it an estimated 100 million euros in lost revenue.
In the three months to June 30 traffic fell by 5.7%, but the carrier says there were signs of a recovery from June onwards.
A statement read: “The first three weeks of August have confirmed the rebound in traffic discernible over the past two months. This allows Air France to maintain its target for a slightly positive operating income (before aircraft disposals) over the full fiscal year.”
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’