Air France-KLM profits hit by pilots' strike

Published on 19 february 2015

The airline's pilot strike, which was the longest in 20 years, offset the benefits of lower oil prices.

Earnings fell €266m (£172m) to €1.598bn, with the company also hit by the weakening euro.

The carrier also said that overcapacity on routes to Asia, Latin America and Africa weighed on ticket prices.

Revenues fell 2.4% to €24.91bn, despite a 1.3% increase in passenger numbers.

Last year, Air France said that September's pilots' strike would cost it about €500m (£393m) in lost revenue.

The strike followed a dispute with pilots over plans to expand the group's budget subsidiary Transavia.

Source: BBC News