Air France revenue warning

Air France-KLM joined other European airlines in warning of the impact on revenue this year of recent attacks in France and political upheaval elsewhere as it reported a drop in sales and braced for a strike by its staff.

Second-quarter results were issued hours after a priest was killed by Islamist militants in France, adding to a spate of attacks in Europe that has knocked demand for travel and coming on top of the uncertainty created by Britain’s vote to leave the European Union.

“There is clear pressure on France as a destination,” chief financial officer Pierre-Francois Riolacci said, adding travellers from China and Japan in particular were staying away and that lower ticket prices would more than cancel out any savings from lower fuel bills this year.