Air France: in the midst of the disaster, little reasons for hope

In the skies, for a year, the good news has been extremely rare. At the management of Air France, we only see two. First, with each release from confinement, flights suddenly found their lost passengers: in July 2020, demand rebounded by 35%. Tourism and visits to friends and families have been a good driver of activity, especially to the Caribbean, the Indian Ocean or Africa. Again, the rise was strong in November and December.

Director General Anne Rigail was also able to hang on to freight traffic, which is going very well. Cargo is one of Air France’s strengths compared to its competitors: the holds of its large planes are designed for this activity, and it is this activity that has made it possible to finance the maintenance of the long-haul network throughout the crisis. health, even if the frequency of thefts had to be reduced. The company was able to keep 83% of its network in operation, and when the lines were open, they did not lose money in variable costs, thanks to freight.

Last reassuring point: the company has not canceled its aircraft orders in the months and years to come. They will be more energy efficient, less expensive to operate. The future has therefore not been sacrificed. So much for the positive, and it’s slim. Because for the rest, black is black. The turnover of the Air France-KLM group fell by 59% in 2020, falling to 11.1 billion euros, while the group’s net loss for the year was 7,

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