Advertisement
UK markets closed
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     
  • AIM

    789.87
    +6.17 (+0.79%)
     
  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     
  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     
  • Bitcoin GBP

    48,641.49
    -1,637.88 (-3.26%)
     
  • CMC Crypto 200

    1,261.32
    -96.68 (-7.12%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • DOW

    39,512.84
    +125.08 (+0.32%)
     
  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     
  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     

Air France braces for fallout from Paris attacks

* Air France (Paris: FR0000031122 - news) sees some impact, but too early to quantify

* Air Berlin (Xetra: AB1000 - news) sees drop in bookings

* Ryanair bookings ahead of last year, including to France (Wraps in reactions from other companies, shares)

By Cyril Altmeyer and Tim Hepher

PARIS, Nov 19 (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.

ADVERTISEMENT

"We are extremely vigilant and monitoring ... whether our customers are cancelling or not," the source said.

"We know there will be an impact and that we will need to take commercial actions. Our sales teams are working on it. Clearly we will have to adapt."

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

Air France, part of Franco-Dutch airline group Air France KLM, declined further comment. The airline is due to publish November traffic data on Dec. 8.

Shares (Berlin: DI6.BE - news) in Air France-KLM (Other OTC: AFLYY - news) and French hotels group Accor (EUREX: 485822.EX - news) , which fell on Monday because of worries over a drop in bookings, had recovered about half their losses by Thursday.

In late trading, Air France-KLM was up 3 percent and Accor up 1.2 percent.

Last week's attacks, in which 129 people died, sent shudders through the tourism industry as Paris is one of the world's most visited cities.

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

Some other airlines acknowledged a drop in traffic as they allowed passengers to cancel tickets, but were reluctant to speculate on how severely the attacks would damage an industry which has a record of absorbing short-term shocks from terrorism or disease.

Air Berlin said it had seen a definite drop in bookings linked to Friday's events.

Norwegian Air spokeswoman Charlotte Holmbergh Jacobsson said: "We don't have an exact figure but there was only a marginal increase in cancellations to Paris at the weekend," Traffic had returned to normal this week, she said.

Scandinavia's SAS (LSE: 0O1W.L - news) said it had not been affected.

Europe's largest budget airline, Ryanair, said bookings, including to France, remained ahead of last year.

In Asia, some tour operators cancelled package trips and predicted a further slowdown in bookings. But in Paris, groups of Chinese tourists were still visible.

Flight search websites and online travel agents declined to provide data.

eDreams Odigeo, which owns online ticket services such as Opodo and eDreams, said that it had been providing information to travellers and helping them adapt at no cost.

A spokesman for the U.S (Other OTC: UBGXF - news) . travel insurance division of German insurer Allianz said on Wednesday it had received about 200 calls from U.S. residents travelling to France, about half of which involved cancelling trips and filing claims. (Additional reporting by Ole Petter Skonnord, Jeffrey Dastin, Helena Soderpalm, Victoria Bryan, Michel Rose, Conor Humphries, Matthias Blamont. Editing by Laurence Frost and Jane Merriman)