- Following a two-week strike at its French arm last month, Air France-KLM (OTCPK:AFLYY) has issued a profit warning saying the strike cost the airline as much as €500M ($632M).
- Air France-KLM now expects EBITDA to come in between €1.7B-€1.8B this year vs. an earlier target of between €2.2B-€2.3B.
- The profit warning is the second issued in 2014. In July, the airline announced that it would miss an earlier EBITDA target of €2.5B.
Air France issues profit warning due to strike
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| Symbol | Last Price | % Chg |
|---|---|---|
| AFLYY | - | - |
| Air France-KLM SA | ||