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Air France takes $55 million hit in wake of Paris attacks

The Paris attacks killed 130 people and have scared many more away from plans to visit that city in the coming months.  Now Air France weighs in with some bad news for their bottom line:

"Flight cancellations and a dip in bookings since the attacks have cost Franco-Dutch carrier Air France-KLM 50 million euros ($55 million) in revenue losses in November compared to the same month last year, the group's Chief Financial Officer Pierre-François Riolacci has said.

Speaking to reporters during a conference call Tuesday, Riolacci noted that the attacks had "noticeably affected" traffic to and from the French capital. While the impact of the attacks was being felt across all the airline's markets, Riolacci singled out travelers from Japan and North America as being particularly keen to avoid Paris since mid-November."

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Matt Patterson

Matt Patterson has been with The Oklahoman since 2006. Prior to joining the news staff in 2010, Patterson worked in The Oklahoman's sports department for five years. He previously worked at The Lawton Constitution and The Edmond Sun.... Read more ›