Air France-KLM Slumps on Disappointing Peak-Season Bookings
- Paris-based carrier blames softer economies for weak demand
- Rival BA also down as it grapples with two-day pilot strike
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Air France-KLM shares dropped the most in six months after the Franco-Dutch carrier said last-minute demand in the crucial summer season has been disappointing.
“Close-in bookings in the peak travel period are weaker than foreseen in view of softening macro-economic environment,” the Paris-based airline said in a statement on its August figures Monday.