Air France-KLM says Paris terror attacks cost €70mln in lost revenue

PanARMENIAN.Net - Franco-Dutch airline group Air France-KLM said Monday, Jan 11, that the November 13 terror attacks in Paris reduced its December turnover by an estimated €70 million ($76.42 million), The Local reports.

But the effect had largely tailed off over the past two weeks, it added.

"The negative impact of the Paris attacks on December revenues is estimated to be around €70 million, with significant easing during the last two weeks. Booking trends in December were in line with a progressive recovery," the group said in a press release.

Total traffic in December for Air France, KLM and low-cost subsidiaries HOP! and Transavia, was 6.7 million passengers, "stable" over the previous month.

Seat occupancy was 82.9 percent, a fall of 0.2 percent, it said.

Turnover in November fell by around €50 million euros as a result of the attacks, Air France-KLM said last month.