The company has been working for several months to strengthen its equity to the tune of 4 to 5 billion.
And now the closure of French borders for travelers leaving (or returning) from countries outside the European Union. Air France did not need this measure, imposed in a context already catastrophic for the national company. After a rebound during the holidays, its activity plunged again in January. The outbreak of Covid variants has led many nations to increase travel restrictions.
In January, Air France provided 45% of its normal program with planes far from full. The company is still burning cash. “We still lose more than 10 million euros per day», Recently recognized in The gallery Anne Rigail, CEO of Air France.
2021 does not look very good after a chaotic 2020 financial year: over the first nine months of last year, the company lost 3.4 billion euros, with a turnover down by 57 %, to 8.7 billion. “Everyone wonders how long these restrictions
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