Air France braces for fallout from Paris attacks

An Air France Airbus A320 aircraft takes off at the Charles de Gaulle International Airport in Roissy, near Paris. (Reuters)

Air France has experienced some reduction in traffic following last Friday’s Paris attacks, but it is too early to say how severe the impact on bookings will be, a company source said on Thursday.

“Clearly this type of absolutely tragic event has consequences, (but) it is too early to say what the impact is,” the source said, adding, “We will have to adapt.”

Cancellations of bookings have exceeded new reservations, the chief executive of Franco-Dutch parent Air France KLM SA, Alexandre de Juniac, told CNBC on Thursday.

The comments are the first sign of concern at France’s national airline, which earlier this week said it had seen no immediate impact on plane occupancy over the weekend and that it was maintaining its schedules.

The airline is due to publish November traffic data on Dec. 8.

Shares in Air France-KLM and French hotels group Accor, which fell on Monday because of worries over a drop in bookings, had recovered about half their losses by Thursday.

Air France-KLM was up almost 3 percent and Accor up more than 1 percent at the close.

Last week’s attacks, which killed at least 129 people, sent shudders through the tourism industry as Paris is one of the world’s most visited cities.

But by Thursday, restaurants in the main commercial district of Paris that had emptied or closed following the attacks were full of lunchtime diners, and travelers said the rail and air routes into Paris looked reasonably busy.

Last Update: Wednesday, 20 May 2020 KSA 09:46 - GMT 06:46