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Air France-KLM Lost $54 Million in Revenue After Paris Attacks

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Air France-KLM lost slightly more than $54 million in revenue after the deadly Paris terrorist attacks last month, airline officials said Tuesday.

Many customers canceled their flights after the Islamic State of Iraq and Greater Syria (ISIS) killed 130 people in the worst attack on French soil since World War II, the company added.

The coordinated assaults took place in various locations around the city on Nov. 13. Fallout from the attacks “significantly impacted” traffic in November, officials said. The airline said its passenger totals were higher during the same period last year.

“The impact was pretty much concentrated on the local traffic to and from Paris,” Air France’s Chief Financial Officer Pierre-Francois Riolacci told reporters during a conference call, according to the Washington Post.

Air France, which is headquartered at Charles de Gaulle Airport near Paris, said it expects a “progressive recovery” and a “very limited impact on volumes” at the end of December.

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