Air France unveiled a quite weak Q3 but it also presented its new strategic plan called “Trust Together” which concerns the creation of a new reduced cost airline. Q3 revenues were still impacted by the weak demand to travel to France following the attacks in France. Geopolitical uncertainties also impacted the traffic which decreased by 1.2% in Q3 yoy. During the quarter, revenues were down 4.1% yoy (-5.1% reported), while the EBITDA decreased to €1,419m (€-174m reporte
04 Nov 2016
New plan and new airline for cost reduction, without conflict this time
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New plan and new airline for cost reduction, without conflict this time
Air France-KLM SA (AFK:WBO) | 0 0 (-5.7%) | Mkt Cap: 4,338m
- Published:
04 Nov 2016 -
Author:
Lionel Pellicer -
Pages:
3
Air France unveiled a quite weak Q3 but it also presented its new strategic plan called “Trust Together” which concerns the creation of a new reduced cost airline. Q3 revenues were still impacted by the weak demand to travel to France following the attacks in France. Geopolitical uncertainties also impacted the traffic which decreased by 1.2% in Q3 yoy. During the quarter, revenues were down 4.1% yoy (-5.1% reported), while the EBITDA decreased to €1,419m (€-174m reporte