{"id":235339,"date":"2020-02-21T06:59:00","date_gmt":"2020-02-21T05:59:00","guid":{"rendered":"http:\/\/www.travelreport.se\/?p=235339"},"modified":"2024-02-02T12:44:42","modified_gmt":"2024-02-02T12:44:42","slug":"airline-shares-moved-heavily-after-air-france-corona-warning","status":"publish","type":"post","link":"https:\/\/www.travelreport.se\/en\/tungt-for-flygaktier-efter-air-france-coronavarning\/","title":{"rendered":"Heavy for airline stocks after Air France corona warning"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"450\" height=\"265\" src=\"https:\/\/www.travelreport.se\/wp-content\/uploads\/2012\/05\/airfranceklm450.jpg\" alt=\"\" class=\"wp-image-200944\" srcset=\"https:\/\/www.travelreport.se\/wp-content\/uploads\/2012\/05\/airfranceklm450.jpg 450w, https:\/\/www.travelreport.se\/wp-content\/uploads\/2012\/05\/airfranceklm450-300x177.jpg 300w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><figcaption>Photo: Mats Montner<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The airline Air France-KLM issued a coronavirus-related warning that operating profit will be burdened by 150-200 million euros during the period February to April 2020. Another company affected by canceled China routes is Swedish SAS.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Air France shares were down more than 7 percent on the Paris Stock Exchange on Thursday morning, after the company described the aftereffects of the virus in its annual report as a fatal blow to its finances and demand prospects. Not only is the passenger side being weighed down, but also its cargo operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lufthansa shares fell 3 percent and British Airways owner IAG shares were down 1.5 percent. Low-cost carriers, which are not exposed to China, were generally less affected. Ryanair and Norwegian Air fell by just under a percent, Wizz Air was down 0.6 percent and Easyjet fell 0.3 percent.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At home in Stockholm, SAS shares were down 1 percent. The shares have fallen 35 percent since the beginning of December, when the communication at the interim report provided information about uncertain economic prospects and emerging slowdowns in major economies that are expected to negatively affect demand from SAS customers in the coming year.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company has subsequently announced that flight routes to Beijing and Shanghai will remain closed until March 29 due to the coronavirus.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to an analysis from Sydbank last week, some of SAS&#039;s revenue loss could be offset by lower fuel costs and thus make up for the loss of profit later in the year. Given that 8-10 percent of the company&#039;s turnover comes from China flights, the two months of canceled flights could cost &quot;hundreds of millions of kronor,&quot; according to the bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: Nyhetsbyr\u00e5n Direkt<\/p>","protected":false},"excerpt":{"rendered":"<p>Flygbolaget Air France-KLM utf\u00e4rdade en coronavirusrelaterad varning om att r\u00f6relseresultatet kommer att tyngas med 150-200 miljoner euro under perioden februari till april 2020. Ett annat bolag som p\u00e5verkas med inst\u00e4llda Kinalinjer \u00e4r svenska SAS. Air France aktie\u00a0var ned med \u00f6ver 7 procent p\u00e5 Parisb\u00f6rsen p\u00e5 torsdagsf\u00f6rmiddagen, efter att bolaget i bokslutsrapporten beskrivit virusets efterverkningar som [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[179],"tags":[3081,85,295,858,3055],"class_list":["post-235339","post","type-post","status-publish","format-standard","hentry","category-flyg","tag-ait-france","tag-flyg","tag-klm","tag-transport","tag-virus"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tungt f\u00f6r flygaktier efter Air France coronavarning &#8211; Travel Report<\/title>\n<meta name=\"description\" content=\"Tungt f\u00f6r flygaktier efter Air France coronavarning \u2013 L\u00e4s senaste nyheterna fr\u00e5n 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