Air France-KLM is hit by Africa crisis

 
City A.M. Reporter
POLITICAL instability in Africa is beginning to affect revenues at Air France-KLM, the airline group warned yesterday, despite reporting a 4.8 per cent rise in overall January passenger traffic.

Europe’s largest airline group by sales said the proportion of seats sold, or passenger load factor, rose 1.1 percentage points to 79.2 per cent in January. The growth in traffic outstripped a 3.3 per cent rise in capacity, or seats on offer.

Growth was boosted by a favourable comparison with January last year when operations were hit by snow and a two-day air traffic control strike. January cargo traffic rose 3.4 per cent on a 3.3 per cent increase in capacity and the load factor for freight was stable at 64.3 per cent.