Corporate turbulence: An employee works on an Airbus A380 plane inside the Air France-KLM maintenance hangar at the Charles de Gaulle International Airport in Roissy, near Paris, France. Cargo demand has also been hit, Air France-KLM said, as China imposes travel curbs to contain the disease, affecting exports. — Reuters
PARIS: Air France-KLM said China’s coronavirus outbreak will wipe as much as €200mil (US$216mil) from earnings, hammering home the financial impact of the crisis even thousands of miles from its epicentre.
The estimate includes losses from halting flights to the Asian nation this month and next, and assumes that services will resume in April, the Paris-based company said. An extended delay would escalate costs still further.
Limited time offer:
Just RM5 per month.
