Air France-KLM’s $324 Million in Fuel Savings Likely to Offset Coronavirus Outbreak Costs
Photo Credit: An Air France A350. Parent company Air France-KLM has reported its full-year results. Airbus SAS
Skift Take
For the moment, the drop in fuel price is benefiting Air France-KLM, but if the coronavirus outbreak doesn't ease off, this could all change.
Despite the coronavirus outbreak causing widespread flight cancellations and a reduction in travel to China and parts of Asia, Air France-KLM Group might emerge with a financial windfall from the crisis thanks to an unexpected drop in the price of jet fuel since the start of the year.
Air France-KLM expects to save around $324 million (€300 million) on its annual bill. At the moment this will more than offset the $162 (€150) to $216 million (€200 million) it is guiding for lost revenue from pulling flights to China.
Of course this could all change and the com
