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Air France’s CEO speaks about the pick up in flight traffic

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Let’s be honest.  Trying to predict when air travel will recover is a mug’s game at the moment.

Even if you can predict flight volumes, it doesn’t help predict when you can travel.  No-one knows what different countries will put in place about quarantine restrictions, vaccination certificates etc.  In Europe, President Macron is pushing for EU borders to remain closed until the end of September which would have a devastating effect on places which rely heavily on North American and Asian visitors.

The UK, for clarity, is still part of the single travel area until 30th December.  If Europe does close its doors until the end of September, it does not stop UK residents flying to the continent.

For what it’s worth, however, Ben Smith, the CEO of Air France KLM, had his thoughts published in La Tribune.  These comments are taken from an internal video call to Air France KLM pilots.

Smith is currently predicting that he will operate:

  • June – 20% of usual capacity
  • July – 40% of usual capacity
  • August – 60% of usual capacity
  • September to December – 75% of usual capacity

He is expecting no return to 2019 capacity levels until 2022.

‘Capacity’ in this case refers to seat kilometres flown, not aircraft movements.  Restoring long-haul flights is therefore key to hitting these targets.

Air France KLM is currently losing €25 million per day.  Luckily for Smith, President Macron has promised to shower him with all the money he needs – the issue is that Smith doesn’t want it if it means nationalisation.  His preference is for a 90% Government guarantee for a bank-led bailout.  This means that, for example, private sector losses on a €1 billion loan would be limited to just €100 million in the worst case scenario.

How to earn Flying Blue miles from UK credit cards

How to earn Flying Blue miles from UK credit cards (June 2024)

Air France and KLM do not have a UK Flying Blue credit card.  However, you can earn Flying Blue miles by converting Membership Rewards points earned from selected UK American Express cards.

These cards earn Membership Rewards points:

Membership Rewards points convert at 1:1 into Flying Blue miles which is an attractive rate.  The cards above all earn 1 Membership Rewards point per £1 spent on your card, which converts to 1 Flying Blue mile. The Gold card earns double points (2 per £1) on all flights you charge to it.

Comments (80)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • signol says:

    For collectors of Star Alliance miles with Aegean, this TAP route is very nice, as the Canaries and Madeira are in the Southern Africa zone. So a redemption from Funchal to CPT is only ~12k miles and about €40 tax. ~22k miles in J. Plus a position to FNC of course.

    • Rob says:

      Very interesting! Need to see if any other programmes do this

      It’s a bit like the Istanbul to Singapore redemption on Singapore Airlines, using Singapore Airlines miles, because KrisFlyer treats Turkey as Asia.

    • the_real_a says:

      Are there any Aegean transfer partners in the UK?

      • Rob says:

        Bonvoy – they have 40+ partners so I guess Aegean is in there? The other hotel programmes would be at a far worse rate.

  • Noggins says:

    I understand TAP economy fares to CPT are £390 (inc bag) for Nov – Feb dates. (Jacks Flight Club)

  • Yawn says:

    On the subject of AF/KLM, I got an email yesterday that my Gold Status will be extended for another year. Hard to see BA not following suit.

  • ChrisC says:

    This is one of the funniest typos I’ve seen in ages on here

    “COVID-19 tests have poor sensitivity and specificity. Many patients with COVID-19 test negative on one or two swans before finally testing positive”

    Yep swans have always been so unreliable.

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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