Paris Attacks Hit Air France-KLM's Turnover

Air France-KLM (Other OTC: AFLYY - news) has said the Paris terror attacks continued to have a negative impact on bookings in December - reducing its turnover by an estimated €70m (£52.3m).

In a report published on Monday, the Franco-Dutch airline added that the effect on passenger numbers has been easing "significantly" over the past fortnight.

"Booking trends in December were in line with a progressive recovery," its statement added.

The airline group also saw its turnover fall by approximately €50m (£37.4m) in November, meaning the attacks - which killed 130 people and injured hundreds more - have cost the company €120m (£89.8m) to date.

Traffic on long-haul routes has been especially affected - notably in Japan - with passenger activity across the whole of Asia down 4.2%.

In total, 82.9% of seats were occupied in December, a fall of 0.2%.

Air France-KLM has suffered several years of losses, but expects it returned to profit in 2015. Results for that financial year are going to be published in mid-February.

Travel stocks were badly hit in the immediate aftermath of the Paris attacks, and other transport operators have recently warned of lower profit expectations because of how passengers have been discouraged from heading to major cities.

In December, Stagecoach said it had seen a drop-off in revenue growth for parts of its rail and inter-city coach operations in the UK and continental Europe since mid-November.

Although it added that growth rates were expected to recover, the profit warning saw shares fall 14% at the time.