PARIS, Feb 20 — French-Dutch airline Air France-KLM said today the coronavirus had blown a large hole in 2020 earnings while separately unveiling lower profits for 2019. “Assuming a progressive resumption of (full-scale) operations from April, the estimated impact of COVID-19 on operating...
An Alitalia plane passes an Air France plane on the tarmac of Charles de Gaulles International Airport in Roissy near Paris, January 8, 2013. — Reuters pic
Air France-KLM said its forward guidance on the virus hit came on the heels of a 31 per cent drop in net profit to €290 million, on the back of a falloff in freight and rising fuel bills. Latest data from China indicate that more than 74,500 people have now been infected nationwide by the virus, which first emerged in central Hubei province in December, with the death toll standing at 2,118 — eight of them outside China.
The tourist sector as a whole is reeling from the effect of the virus with dozens of Chinese cities in quarantine lockdown and tour operators shelving China trips for the time being.
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