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Air France may revise strike cost higher: source

Friday, October 3, 2014 - 23:57

[PARIS] Air France may revise the cost of a two-week pilots strike higher to as much as 400 million euros (S$641 million) due to losses from cancelled bookings, a source close to the company said on Friday.

The company has so far said that the strike, which ended on Sunday, cost 300 million euros. "Air France-KLM has already publicly mentioned 300 million euros. This amount could reach 350 or 400 million euros, when taking into account especially the lost bookings during the strike period," a source close to the company said.

Air France plans to announce a revised estimate of the losses incurred on Oct. 8, the carrier said in an email.

Before the strike, the company was targeting earnings before interest, tax, depreciation and amortisation (EBITDA) of 2.2-2.3 billion euros for 2014. - Reuters