Air France To Lose $55 Million Following Paris Terrorist Attack

France's robust tourism industry has taken a hit after the terrorist attack in Paris on Nov. 13. Air France expects a $55 million loss in revenue.
Air France To Lose $55 Million Following Paris Terrorist Attack

France's leading airline has been hit hard by the Paris terrorist attacks that killed 130 people.

Air France estimates it will lose $55 million in revenue for November compared to the same time last year. (Video via Air France

Based on the airline's numbers, flight bookings were up before the attacks, but immediately after, the company noticed a decline in flight reservations and more cancellations. (Video via Air France

Increased security measures at the Charles de Gaulle airport have also slowed down cargo traffic by over 11 percent, according to the company. (Video via Air France

The chief financial officer for Air France told reporters in a phone conference that while traffic was "noticeably affected," bookings were back to normal for the new year. 

While the immediate aftermath of the attacks hit Paris' robust tourism industry, a study done by World Travel and Tourism Council projects the dip in tourism won't last long. 

The study found it takes about 13 months on average for tourism to recover, which is good news for France. The country welcomed over 83 million tourists last year.  

This video includes images from Getty Images.

Featured Stories
Vice President Mike Pence

Mike Pence Calls On Conservatives To Mobilize In CPAC Speech

Producer Nicole Amarteifio smiling at her Ghana studio

Meet The Woman Who's Been Called The 'Issa Rae Of West Africa'

Prison inmates sit at tables

Private Prisons Will Make A Comeback In The Trump Administration

Want to see more stories like this?
Like Newsy on Facebook for More Business Coverage