Air France reported weak Q1 figures, obviously affected by the strikes which had a €75m negative impact on the operating result in Q1. The impact will be even stronger in Q2, leading the H1 operating result to be reduced by at least €300m. While the group sees good demand in the coming months, the FY results will be impacted by higher fuel costs and unit costs, and the operating result is expected to be significantly lower vs last year.
04 May 2018
Strike affected the Q1 performance, vote outcome could lead to something even worse
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Strike affected the Q1 performance, vote outcome could lead to something even worse
Air France-KLM SA (AFK:WBO) | 0 0 (-5.7%) | Mkt Cap: 4,338m
- Published:
04 May 2018 -
Author:
Marc Laubel -
Pages:
2
Air France reported weak Q1 figures, obviously affected by the strikes which had a €75m negative impact on the operating result in Q1. The impact will be even stronger in Q2, leading the H1 operating result to be reduced by at least €300m. While the group sees good demand in the coming months, the FY results will be impacted by higher fuel costs and unit costs, and the operating result is expected to be significantly lower vs last year.