The 'Uncertainty' and 'Turmoil' Facing Air France-KLM

Air France-KLM Group said its markets are deteriorating as fares fall and France’s standing as a tourist hotspot is undermined by a succession of terrorist attacks that have spanned Paris to the Riviera. Europe’s largest airline said Wednesday there is “special concern about France as a destination” amid the Islamic State-inspired killings. Fuel savings that lifted second-quarter operating profit 77 percent will also be “more than offset” over the year as a fare drop prompted by overcapacity clips revenue. Chief Financial Officer Pierre-Francois Riolacci discussed with Bloomberg.

China's Belt and Road Initiative and Global Commerce
30:54 - Cui Tiankai, China's ambassador to the U.S., Lucy Peng, Ant Financial executive chairman, Vijay Shekhar Sharma, Paytm founder and CEO, and Zhang Xiaoqiang, executive vice chairman and CEO of the China Center for International Economic Exchanges, discuss the impact of the Belt and Road Initiative with South China Morning Post Editor-in-Chief Tammy Tam at the Bloomberg Global Business Forum at The Plaza Hotel in New York City. (Source: Bloomberg)
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